manufa a. $880,000. c. $780,000 b $877,000 d. $1,090,000 costs equal 28. Assume
ID: 2601025 • Letter: M
Question
manufa a. $880,000. c. $780,000 b $877,000 d. $1,090,000 costs equal 28. Assume your answer to question 27 above is manufactured equals a $846,000. b. $847,000. $850.000. Cost of goods c. $853,000 d. $854,000 your answer to question 28 is $870,000. c $886,000 29. Assume is a. $873,000 b. $854,000. The cost of goods sold d $874,000 30. The functions of a. planning, controlling, and decision making b. planning, organizing and directing, and controlling c. organizing and directing, controlling, and decision making organizing and dipecting. planning. and decision making 3. The major activities of managerial accounting include all of the following except a. providing a basis for controlling costs by comparing actual results with planned objectives b. preparing financial statements designed primarily for stockholders and creditors. e. preparing internal reports for managemenit d. determining the behavior of costs as activity levels change 32. A job order cost system would most lkely be used by a(n) c. specialty printing company a. cement manufacturer b. paint manufacturer d. automobile manufacturer The formula for computing a predetermined overhead rate is a. estimated annual overhead costs estimated annual operating activity b, estimated annual overhead costs actual annual operating activity c. actual annual overhead costs+actual annual operating activity d, actual annual overhead costs estimated annual operating activity 33. An example of a period cost, as opposed to a product cost, is a. factory utilities. b. wages of factory workers. c. salesmen's commissions. d. depreciation on the factory building 34. When production costs are debited to Work in Process Inventory accounts that may be credited are a. Raw Materials Inventory, Factory Labor, and Manufacturing Overhead. b. Accounts Payable, Factory Wages Payable, and Accumulated Depreciation. c. Raw Materials Iniventory,Factory Labor, and Finished Goods Inventory. d. Manufacturing Overhead, Factory Labor, and Cost of Goods Sold 35.Explanation / Answer
30.
Answer: b
Management is the art of getting things done through others.
Functions are as below:
Planning: This is the function of future specific activities.
Organizing: This is the function of grouping resources for the execution of planning.
Directing: Since the work should be done by others, they need to be directed by the management.
Controlling: The whole things should be controlled so that the work is in proper order; and this is done by the management.
Decision making is not a function of management, since this is top-management activity.
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