Exam 15: Introduction to Managerial Accounting

Match the items below to the appropriate term (a-d). -Factory supplies used A)Direct materials B)Selling and administrative expense C)Factory overhead D)Direct labor

Given the following data: What is cost of goods sold?

Which of the following is the primary criterion for the preparation of managerial accounting reports?

A report analyzing the dollar savings of purchasing new equipment to speed up the production process is a managerial accounting report.