pre-test

1-

A company will use managerial accounting reports to do which of the following?

a.Consider the implementation or upgrade of computerized manufacturing processes.

b.Report payroll tax information to government agencies.

c.Hire graphic artists to create new print ads.

d.Replace office equipment in the sales office.

2-Ralphs Cafe has the following information for June:

Line Item Description	Amount
Cost of materials placed in production	$45,000
Direct labor	24,100
Factory overhead	14,850
Work in process inventory, June 1	2,940
Work in process inventory, June 30	3,480
Finished goods inventory, June 1	4,990
Finished goods inventory, June 30	4,760

What is the cost of goods sold?

a.$83,950

b.$83,410

c.$88,400

d.$83,640

7-Which of the following would be classified as a factory overhead cost by a baking company?

a.Depreciation of factory equipment

b.Strawberries used to make the baked goods

c.Depreciation of office equipment

d.Freight costs to deliver baked goods to the customer

9-

Managerial accounting information can be used for

a.establishing the par value of the company's stock.

b.collection of sales taxes on products sold.

c.determining the president's salary.

d.evaluating product costs and determining the production schedule.

10-

Super Sleep Hotel is a single hotel with 130 rooms. During the month of September, the hotel had 2,925 guests, who each stayed a single night. What is the occupancy rate for September?

a.4%

b.75%

c.100%

d.22.5%