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Dengagallow2 Online teaching and leaming resource from Cengage Leaming Print 1. MC.15.69 In order to be useful to managers, managerial accounting reports should possess all of the following characteristics except a. be prepared in accordance with generally accepted accounting principles b. provide objective measures of past operations and subjective estimates about future decisions c. be prepared to report information for any unit of the business to support decision making d. be provided at any time management needs information 2. MC.15.86.ALGO (Algorithmic) Compute conversion costs given the following data: direct materials, $380,400; direct labor, $199,400; factory overhead, $186,400 and selling expenses, $46,000. a. $385,800 b. $766,200 c. $566,800 d. $140,400 3. MC.15.88 The cost of a manufactured product generally consists of which of the following costs? a direct materials cost and factory overhead cost only b. direct materials cost and direct labor cost only c. direct labor cost and factory overhead cost only acer

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Answer 2 Calculation of Conversion Costs Direct Labor Factory Overhead Conversion costs 199,400 186,400 385,800 Option a $385,800 is the correct option Note: Conversion costs are that cost which are incurred to convert raw materials to Final Product, Selling expenses are not conversion costs because it does not help to convert raw materials to Final Product. Direct Labor and Factory Overhead helps to convert raw materials to final product.