This question has five parts:

1. Production material costs are generally fixed costs:

a. true b. false

2. The primary functions of manufacturing accounting is planning, controlling, and budgeting:

a. true b. false

3. Which of the following is an example cost that is variable with respect to the number of units produced:

a. rent on the administrative office building

b. rent on the factory building

c. direct labor cost

d. salaries of top marketing executives

4. Financial accounting stresses accounting concepts and procedures that are relevant to preparing reports for internal users of accounting information:

a. true b. false

5. The goal of managerial accounting is to provide information for planning, controlling, and reporting information to shareholders:

a. true b. false