ER SS 11. All of the following are examples of managerial accounting information excepr: a budget versus actual reports. b. monthly income statement for each store, c. monthly analysis of product profitability. d. annual balance sheet prepared in accordance with U.S. GAAP. e. None of the above. NOT A 12. When comparing the characteristics of financial and managerial accounting, which of the following is a focus of managerial accounting? a. Making future projections for geographic segments of a company. b. Focusing on users outside the organization including stockholders and creditors. c. Using performance measures that are exclusively financial in nature. d. Presenting overall company information in accordance with U.S. GAAP. e. None of the above, YTHING STAKE LE WH How To 13. An analysis comparing actual labor hours used for a project to budgeted labor hours would most likely be performed by the: a financial accountant. b. managerial accountant. c. tax accountant. d. chief executive officer. e. None of the above. 6 14. All of the following statements regarding ERP systems are true except: a. They are relatively inexpensive. b. They provide real-time information. C. They can be used by both manufacturing and service companies. d. They do not guarantee increased profits. e. None of the above. ADVICE 15. All of the following would be best classified as manufacturing overhead except: a. depreciation for production building. b. salaries for production supervisors. c. cost of direct labor related to production. d. cost of indirect materials. e. None of the above. AST AN S DIRE DS RE RNS & SWIT hows END NVEY 16. Direct labor costs related to production are: a. period costs. b. expensed in the period in which they are incurred. c. included in manufacturing overhead. d. expensed when the products are sold. e. None of the above