Multiple Choice Question 45Managerial accounting is applicable to A.service entities.B.manufacturing entities.C.not-for-profit entities.D.All of these. Multiple Choice Question 46Management accountants would not be concerned with the impact of cost and volume on profits.determine cost behavior.prepare reports primarily for external users.assist in budget planning.Multiple Choice Question 54A distinguishing feature of managerial accounting is general-purpose reports.very detailed reports.quarterly and annual reports.external users.Multiple Choice Question 56Planning is a function that involves hiring the right people for a particular job.analyzing financial statements.setting goals and objectives for an entity.coordinating the accounting information system.Multiple Choice Question 59A manager that is establishing objectives is performing which management function? DirectingPlanningConstrainingControllingMultiple Choice Question 64Both direct materials and indirect materials are sold directly to customers by a manufacturing company.manufacturing overhead.merchandise inventory.raw materials.Multiple Choice Question 65The work of factory employees that can be physically and directly associated with converting raw materials into finished goods is indirect labor.manufacturing overhead.indirect materials.direct labor.Multiple Choice Question 66Which one of the following would not be classified as manufacturing overhead? Indirect materialsIndirect laborDirect materialsInsurance on factory buildingMultiple Choice Question 67Manufacturing costs include direct labor and manufacturing overhead only.direct materials and manufacturing overhead only.direct materials, direct labor, and manufacturing overhead.direct materials and direct labor only.Multiple Choice Question 69Which one of the following is not a cost...
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