1 . Question : ( TCO 1 ) Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for
2 . Question : TCO 1 ) Which of the following statements regarding fixed costs is true ?
3 . Question : TCO 1 ) You own a car and are trying to decide whether or not to trade it in and buy a new car . Which of the following costs is an opportunity cost in this situation ?
4 . Question :( TCO 1 ) Shula ’ s 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold : materials , $ 4,080 ; hourly labor ( variable ), $ 5,200 ; rent ( fixed ), $ 1,700 ; depreciation , $ 800 ; and other fixed costs , $ 600 . Each steak dinner sells for $ 14.00 each . How much is the budgeted variable cost per unit ?
5 . Question : ( TCO 1 ) Which of the following is an example of a manufacturing overhead cost ?
6 . Question : ( TCO 1 ) Which of the following is a period cost ?
7 . Question : ( TCO 1 ) If the balance in the Finished Goods Inventory account increased by $ 30,000 during the period and the cost of goods manufactured was $ 220,000 , how much is cost of goods sold ?