PRINCIPAL OF ACCOUNTING 2 (questions)

The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the rate. a. conversion cost b. capacity c. utilization d. direct cost Margot's Deli has the following information for July: What is the cost of goods manufactured? a. $72,340 b. $75,840 C. $69,500 d. $68,840 Managerial accounting information can be used for a. collection of sales taxes on products sold. b. determining the president's salary. c. evaluating product costs and determining the production schedule. d. establishing the par value of the company's stock. A balance sheet for a manufacturing company includes which of the following inventory accounts? a. Factory Overhead b. Direct Labor c. Merchandise Inventory d. Work in Process Inventory Which of the following information would be included on managerial accounting reports? a. Amortization of patents b. Income tax expense c. List of employee benefits d. Cost of goods sold