Which of the following is not part of managerial accounting?

Question 1 options:

	Determining whether planned goals are being met
	Calculating product costs
	Controlling costs
	Reporting financial information to the shareholders

Which one of the following is not a manufacturing cost?

manufacturing overhead

advertising costs

direct labor

direct labor

Which one of the following accounts would not appear in the cost of goods manufactured statement?

	raw materials inventory
	ending work in process inventory
	ending finished goods inventory
	direct labor

Which one of the following is an important feature of a job order cost system?

Each must be completed before a new product order is accepted.

Each consists of features which distinguish it from the next.

Each job uses similar processes to produce.

Each job has characteristics similar to the next.

The job cost sheets represent which account?

cost of goods sold

cost of goods manufactured

work in process inventory

finished goods inventory

What are the two compenents of a predetermined overhead rate?

	estimated monthly costs and actual monthly activity
	estimated annual costs and expected annual activity
	estimated annual costs and actual activity
	actual monthly costs and actual annual activity