From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences:a. The phase of the management process that uses process information to eliminate the source of problems in a process so that the process delivers the correct product in the correct quantities is called (directing, improving).b. Direct labor costs combined with factory overhead costs are called (prime, conversion) costs.c. The salaries of salespeople are normally considered a (period, product) cost.d. The plant manager’s salary would be considered (direct, indirect) to the product.e. Long-term plans are called (strategic, operational) plans.f. Materials for use in production are called (supplies, materials inventory).g. An example of factory overhead is (electricity used to run assembly line, CEO salary).

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 5E: From the choices presented in parentheses, choose the appropriate term for completing each of the...
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From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences:
a. The phase of the management process that uses process information to eliminate the source of problems in a process so that the process delivers the correct product in the correct quantities is called (directing, improving).
b. Direct labor costs combined with factory overhead costs are called (prime, conversion) costs.
c. The salaries of salespeople are normally considered a (period, product) cost.
d. The plant manager’s salary would be considered (direct, indirect) to the product.
e. Long-term plans are called (strategic, operational) plans.
f. Materials for use in production are called (supplies, materials inventory).
g. An example of factory overhead is (electricity used to run assembly line, CEO salary).

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