______ Which of the following is essentially an analysis of the Finished Goods account?

A. Cost of Goods Manufactured Report

B. Cost of Goods Sold Report

C. Bank Reconciliation

D. Qualified Audit Opinion

E. None of the above

______ Under variable costing,

a. All variable costs are expensed

b. Fixed costs are both capitalized and expensed

c. All variable costs are capitalized

d. All fixed costs are expensed

e. None of the above

______ Which of the following would generally be classified as a discretionary fixed cost?

a, Depreciation

b. Salaries of high-level employees

c. Advertising

d. Rental costs on the manufacturing facility

e. None of the above