When the information is reported in statements that are useful for persons or institutions who are "outside" or external to the organization, the branch of accounting this falls under is: Financial Accounting Managerial Accounting Governmental Accounting Bookkeeping When the information includes both historical and estimated data used by management in conducting daily operations, planning future operations, and developing overall business strategies, the branch of accounting this falls under is: Financial Accounting Managerial Accounting Governmental Accounting Bookkeeping There are three integral parts to the accumulation of total product cost. They are: materials, labor and product costs. materials, conversion costs, and factory overhead. materials, labor and factory overhead. conversion costs, direct labor and factory overhead. Conversion costs are made up of: Materials and labor Product costs and labor and factory overhead Factory overhead and product costs If estimated total factory overhead costs are $75,000 and direct labor hours are 15,000, the predetermined factory overhead rate is: $2.50/direct labor $0.20/direct labor $5.00/direct labor cannot be computed with the information provided