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The primary purpose of managerial accounting is to: provide useful information about a business to help internal parties make sound decisions. provide information about a
The primary purpose of managerial accounting is to: provide useful information about a business to help internal parties make sound decisions. provide information about a firm's future business strategies. provide useful economic information about a business to help external parties make sound financial decisions. provide a firm's cost per unit for inventory valuation and pricing decisions. An example of a variable cost for a company's Sales Department would be: salesperson's commissions. advertising. utilities for the sales office. a sales manager's salary. Bond Corporation sells its only product for $10 per unit. Variable costs are $6 per unit, and Bonds incurs $300,000 of fixed costs. Bond Corporation's breakeven point is: 18.750 units. 30,000 units. 50,000 units. 75,000 units. Connelly, Inc. applies overhead based upon machine hours. Connelly's annual budget indicated: Budgeted manufacturing overhead $1,000,000 Budgeted direct labor hours 250,000 Budgeted machine hours 500,000 Connelly manufactured an order for 1,000 units of finished goods that incurred 2,000 hours of direct labor and 4,500 machine hours. The manufacturing overhead applied to this order was: $9,000. $8,667. $8,000. $2,250. During the next year, Zero Company plans to sell 200,000 units of finished goods. On January 1, the company has no units of finished goods in inventory but desires 10,000 units in finished goods inventory by December 31. If each unit requires 2 hours of direct labor at $15 per hour, Zero Company's direct labor budget is: $6,300,000. $6,000,000. $5,700,000. $300,000
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