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Qustion Completion Status: QUESTION 9 Wages paid to the secretary of the president of the company would be: O 1.Product Cost O 2. Manufacturing Overhead Cost O 3.Period Cost O 4. Prime Cost QUESTION 10 Advertising Costs are an example of O 1. Fixed Manufacturing Cost O 2.Prime Cost e 3. Variable Product Cost e 4.Fixed Selling Cost QUESTION 11 Wood used in the manufacture of furniture is an example of O 1. Variable and direct cost O 2. Fixed and direct Cost O 3. Variable and indirect cost 4, Fixed and indirect cost QUESTION 12 Managerial accounting places considerable weight on (D a. detailed segment reports about departments, products, and customers. O b. the financial history of the entity. O c. ensuring that all transactions are properly recorded. d. generally accepted accounting principles. d Suhmit to save and submit. Click Save All Answers to save all ansvers
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Question 9: Answer: 3. Period cost Explanation: Period costs are those costs which are associated with the passage of time. Even if a business that has no production or inventory purchasing activities, but still period costs have to be incur Hence the wages paid to the secretary of the president of the company is a Perio«d Cost. Question 10: Answer: 4. Fixed Selling Cost Explanation: Advertising costs are those expenses associated with promoting companys products, brands and industry. Advertisement costs in most of the cases will fall under Sales, General& Administrative expenses. Advertisement costs could not be directly attrıbutable to each product, hence it is fixed expense Hence the Advertising costs are an example of fixed selling cost. Question 11: Answer; 1. Variable and direct cost Explanation: While manufacturing of the furniture wood is the basic Direct Raw Material and which is variable based on the production Hence wood used in the manufacture of furniture is an example of Variable and direct cost. Question 12: Answer: 1. detailed segment reports about departments, products, and customers. Explanation: Managerial accounting is used for internal purposes in business. Managerial accounting involves lot of estimations and projections. The detained segment reports were developed through managerial accounting for internal purposes Hence the Managerial accounting places considerable weight on detailed segment reports about departments, products, and customers. Created by Universal Document Converter

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