Selection type

43. Which of the following statements is false? a. There is no overlap between nancial and manage rial accounting. b. Managerial accounting sometimes relies on past information. c. Managerial accounting does not need to conform to 6MP. d. Financial accounting must conform to 6MP. 44. Which of the following manufacturing costs is an indirect cost of producing a product? 3. oil lubricants used for factory machinery b. commissions for sales personnel c. hourly wages of an assembly worker d. memory chips for a microcomputer manufacturer 45. The following are all product costs except a. direct materials b. sales and administrative expenses c. direct labor d. factory overhead