Which of the following would be prepared by a managerial accountant?

income statement

schedule of cost of goods manufactured

budgets

balance sheet

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Question 2 4 pts

Which of the following is most likely a merchandising company?

a real estate office

an accounting office

a shoe store

a custom home builder

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Question 3 4 pts

A merchandising company has:

no inventory account

an inventory account on the balance sheet as a current asset

an inventory account on the balance sheet as equity

an inventory account on the income statement as revenue

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Question 4 4 pts

Which of the following would appear on the income statement of a merchandiser but not on the income statement of a service company?

cost of goods sold

merchandise inventory

direct labor

net income

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Question 5 4 pts

Our company is a manufacturer and has the following data available for the current year:

• sales, $550,000;
• sales discounts, $20,000;
• sales returns and allowances, $15,000; and
• cost of goods sold, $200,000.

What is the amount reported on the income statement for net sales?

$530,000

$515,000

$500,000

$330,000

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Question 6 4 pts

Which type of company would report finished goods inventory as a line item on their balance sheet?

service company

merchandising company

manufacturing company

nonprofit entity

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Question 7 4 pts

Our company is a manufacturer and has the following data available for the current year:

• sales, $550,000;
• cost of goods manufactured, $250,000;
• finished goods beginning inventory, $20,000; and
• finished goods ending inventory, $30,000.

What is the amount reported on the income statement for gross profit?

$260,000

$240,000

$290,000

$310,000

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Question 8 4 pts

Our company is a manufacturer of sunglasses. Each pair of sunglasses requires 6 drops of glue. Glue costs $10 per gallon. Glue for the frames would most likely be classified as:

direct materials

indirect materials

direct labor

indirect labor

other factory overhead

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Question 9 4 pts

Conversion costs include:

direct labor and indirect labor

direct materials and direct labor

direct labor and factory overhead

direct materials and factory overhead

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Question 10 4 pts

Which of the following is an example of a period cost?

property taxes on factory

depreciation on company cars used by sales force

plant janitors wages

oil for manufacturing equipment

PLease answer all the question 40 points of my grade...need help