An employee that is having trouble paying his personal bills might exhibit the following fraud factor

 Direct materials costs for an automobile manufacturer would include all of the following:
Multiple select question.
 
steering wheels
 
employees who work on the product
Reason:
Tires, steering wheels, and bumpers are direct materials for an automobile manufacturer. Employees who work on the product are a direct labor cost.
 
purchasing agent
Reason:
Tires, steering wheels, and bumpers are direct materials for an automobile manufacturer.
 
tires
 
bumpers
Correct Answer
steering wheels
tires
bumpers

The main purpose of managerial accounting is
Multiple choice question.
 
providing only monetary information to internal decision makers
 
providing useful information to external decision makers
 
preparing financial statements
 
providing financial and nonfinancial information to an organization's managers
Correct Answer
providing financial and nonfinancial information to an organization's managers

Which of the following are product costs for a manufacturer? (Check all that apply.)
Multiple select question.
 
Depreciation on the office equipment
Reason:
Depreciation on the office equipment is a period cost.
 
Depreciation on the factory equipment
 
Sales commissions
Reason:
Sales commissions are a period cost, not a product cost.
 Direct materials

Office rent
Reason:
Rent on the office is a period cost, not a product cost.
Correct Answer
Depreciation on the factory equipment
Direct materials

Conversion costs consist of:
Multiple choice question.
 
factory overhead and direct materials
Reason:
Direct materials plus direct labor = prime costs. Direct labor + factory overhead = conversion costs.
 factory overhead and direct labor
 direct labor and direct materials
Correct Answer
factory overhead and direct labor

 
An employee that is having trouble paying his personal bills might exhibit the following fraud factor:
Multiple choice question.
 
Rationalization
 
Opportunity
 
Pressure
Correct Answer
Pressure

 

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