managerial accounting, accounting assignment help

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187. The types of reports prepared in managerial
accounting are often ______________-purpose reports prepared for a specific

188. Managerial
accounting reports generally pertain to ______________ of a business and may be
very detailed.

189. Three
broad managerial functions are: (1)______________, (2)______________, and

190. The
______________ function is concerned with setting goals and objectives for the

191. Exercising
good judgment in performing the managerial functions and choosing among alternative
courses of action is called ______________.

192. The
three cost elements in manufacturing a product are (1)______________,
(2)______________, and (3)______________.

193. The
work of factory employees that can be physically and directly associated with
converting raw materials into products is classified as ______________.

194. Indirect
materials and indirect labor are classified as ______________.

195. Each
of the manufacturing cost components is a ______________ cost.

196. A
major difference between the income statements of a merchandising company and a
manufacturing company is that the cost of goods sold section of a merchandising
company shows cost of goods______________, whereas a manufacturing company
shows cost of goods ______________.

197. ___________________
is added to direct labor and manufacturing overhead to get total manufacturing
costs for the current period.

198. The
ending work in process inventory is subtracted from the total cost of work in
process to calculate ______________________.

199. A
manufacturing company computes cost of goods sold by adding cost of goods
manufactured to the ___________________ and subtracting the __________________.

200. A
manufacturing company usually has three inventory accounts which are (1)___________________,
(2)___________________, and (3)___________________.

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