Question

Which of the following is most associated with managerial accounting?

Group of answer choices

must follow GAAP in the preparation of the financial statements

may relay on estimates and forecasts of numbers as well as other financial data

is prepared for SEC or other outside users of the organization

always reports on financial results of operations and financial condition of the entire company

The Darwin Company reports the following information

Sales	$76,500
Direct materials used	7,300
Depreciation on factory equipment	4,700
Indirect labor	5,900
Direct labor	10,500
Factory rent	4,200
Factory utilities	1,200
Sales salaries expense	15,600
Office salaries expense	8,900
Indirect materials	1,200

​Product costs in total are

Group of answer choices

$24,500

$30.300

$29,200

$35,000

is prepared for SEC or other outside users of the organization

always reports on financial results of operations and financial condition of the entire company

Answer 1

 

1. Option B May rely on estimates and forecasts of numbers as well as other financial data is the correct answer.

Remaining options all are incorrect.

2.Option D 35,000 is the correct answer.

Sales salaries expense and Office salaries expense does not include in total product cost.