Question 1 (10 points) Saved Managerial accounting reports are prepared according to GAAP prepared according to management needs Oprepared periodically only related to the entire business entity only Saved Question 2 (10 points) What term refers to the cost of changing direct materials into a finished markufactured product? factory overhead cost O period cost conversion cost direct labor cost Question 3 (10 points) Saved For which of the following businesses would the job order cost system be appropriate? canned soup processor oil refinery paper mill custom kitchen cabinet manufacturer