QUESTION 13

1. (12) The following data (in thousands of dollars) have been taken from the accounting records of Karmana Corporation for the just completed year.

   Sales	$2,000
   Direct materials cost	$100
   Direct labor cost	$80
   Total Manufacturing Costs Cost of Goods Manufactured Cost of Goods Sold	$300 $330 $310
   Raw materials (all direct), beginning Raw materials (all direct), ending	$330 $320
   Work in process inventory, beginning	$70
   Work in process inventory, ending	$40
   Finished goods inventory, beginning	$80
   Finished goods inventory, ending Administrative expenses Selling expenses	$100 $70 $250

   The amount of income (net operating income) for the year (in thousands of dollars) was:_______

   	A.	$1,040
   	B.	$1,680
   	C.	$770
   	D.	$1,370

4 points

QUESTION 14

1. (13) A system that provides information about the costs of processes, products, and services used and produced by an organization is a(n):

   	A.	activity-based management system.
   	B.	cost management system.
   	C.	enterprise resource planning.
   	D.	management control system.