Question 1 (1 point) Managerial accounting is applicable to service entities. manufacturing entities. not-for-profit entities. all of these. Question 2 (1 point) The work of factory employees that can be physically and directly associated with converting raw materials into finished goods is Umanufacturing overhead. indirect materials. ind indirect labor. direct labor. Question 3 (1 point) A manufacturing process requires small amounts of glue. The glue used in the production process is classified as a(n) period cost. indirect material. direct material. miscellaneous expense. Question 4 (1 point) Which of the following is not classified as direct labor? Bottlers of beer in a brewery Copy machine operators at a copy shop Wages of supervisors Bakers in a bakery Question 5 (1 point) A manufacturing company calculates cost of goods sold as follows: Beginning FG inventory + cost of goods purchased - ending FG inventory. Ending FG inventory - cost of goods manufactured + beginning FG inventory. Beginning FG inventory - cost of goods manufactured - ending FG inventory. Beginning FG inventory + cost of goods manufactured - ending FG inventory. Question 6 (1 point) Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $10,000 and cost of goods sold was $50,000, how much would Kushman report for cost of goods manufactured? $70,000 $10,000 $60,000 $40,000