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The major reporting standard for presenting managerial accounting information is relevance. generally accepted accounting principles. the cost principle. the current taxlaw. Management accountants would not
The major reporting standard for presenting managerial accounting information is relevance. generally accepted accounting principles. the cost principle. the current taxlaw. Management accountants would not determine cost behavior. prepare reports primarily for external users. assist in budget planning. be concerned with the impact of cost and volume on profits. Which one of the following is an example of a period cost? Packaging materials for finished products A change in benefits for the union workers who work in the New York factory of a Fortune 1000 manufacturer. Workers' compensation insurance on factory workers' wages allocated to the factory. Payroll accountant's salary for work that is done in the corporate head office Direct materials and direct labor of a company total $7600000. If manufacturing overhead is $3800000, what is direct labor cost? Cannot be determined from the information provided. $3800000. $7600000. $0. On the costs of goods manufactured schedule, depreciation on factory equipment is not an inventoriable cost. is not listed because it is included with Depreciation Expense on the income statement. appears in the manufacturing overhead section. is not listed because it is not a product cost
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