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Some selected sales and cost data for job order 515 are given below: Given the information above, what are the total direct costs? a. $250,000

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Some selected sales and cost data for job order 515 are given below: Given the information above, what are the total direct costs? a. $250,000 b. $322,000 c. $310,000 d. $370,000 Which of the following statements is correct? a. Management accounting systems provide information for use by tax authorities b. Management accounting systems provide information for use by shareholders. c. Management accounting systems provide information for use in fulfilling legal requirements. d. Management accounting systems provide information for the use of decision-makers within an organization. Which of the following would be classified as indirect labor? a. Bricklayers in a house building company b. Machine operators in a factory producing clothing c. Forklift drivers in the warehouse of an engineering company d. Assembly workers in a car production line. In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial accounting report is more likely to: a. view the entire organization as a reporting entity. b. be tailored to the specific needs of an individual decision maker within the organization. c. focus upon the operational results of the most recently completed accounting period d. be used by decision makers outside the business organization

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