Chapter 19 - Managerial Accounting

Question 1

Identify on which financial statement(s) the following accounts would appear: Direct Labor

Answer 1

COGM - Cost of Goods Manufactured Statement

Question 2

Identify on which financial statement(s) the following accounts would appear: Materials inventory, January 1

Answer 2

COGM - Cost of Goods Manufactured Statement

Question 3

Identify on which financial statement(s) the following accounts would appear: Work in process, December 31

Answer 3

COGM - Cost of Goods Manufactured Statement

BS - Balance Sheet

Question 4

Identify on which financial statement(s) the following accounts would appear: Finished goods, January 1

Answer 4

IS - Income Statement

Question 5

Identify on which financial statement(s) the following accounts would appear: Indirect labor

Answer 5

COGM - Cost of Goods Manufactured Statement

Question 6

Identify on which financial statement(s) the following accounts would appear: Depreciation on factory machinery

Answer 6

COGM - Cost of Goods Manufactured Statement

Question 7

Identify on which financial statement(s) the following accounts would appear: Work in process, January 1

Answer 7

COGM - Cost of Goods Manufactured Statement

Question 8

Identify on which financial statement(s) the following accounts would appear: Finished goods, December 31

Answer 8

IS - Income Statement

BS - Balance Sheet

Question 9

Identify on which financial statement(s) the following accounts would appear: Factory maintenance salaries

Answer 9

COGM - Cost of Goods Manufactured Statement

Question 10

Identify on which financial statement(s) the following accounts would appear: Cost of goods manufactured

Answer 10

COGM - Cost of Goods Manufactured Statement

IS - Income Statement

Question 11

Identify on which financial statement(s) the following accounts would appear: Depreciation on delivery equipment

Answer 11

IS - Income Statement

Question 12

Identify on which financial statement(s) the following accounts would appear: Goods available for sale

Answer 12

IS - Income Statement

Question 13

Identify on which financial statement(s) the following accounts would appear: Materials used

Answer 13

COGM - Cost of Goods Manufactured Statement

Question 14

Identify on which financial statement(s) the following accounts would appear: Factory utilities

Answer 14

COGM - Cost of Goods Manufactured Statement

Question 15

Identify on which financial statement(s) the following accounts would appear: Repairs to roof of factory building

Answer 15

COGM - Cost of Goods Manufactured Statement

Question 16

Identify on which financial statement(s) the following accounts would appear: Cost of materials purchased

Answer 16

COGM - Cost of Goods Manufactured Statement