What would the salary of a manufacturing firm's HR Manager be classified as?

• A.Direct Labor
• B.Manufacturing Overhead
• C.General and Administrative Costs
• D.Indirect Labor

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Valley Manufacturing uses a process costing system. Which of the following journal entries would correctly record $3,180 of manufacturing overhead to the assembly department?

• A.
• B.
• C.
• D.

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You are the financial accountant for Antioch Ski Resort. Managers have been promised end-of-year bonuses if profits for the year increase by 10%. At the end of the year, you determine that profits increased by only 8%, and the managers ask you to "fudge the numbers a bit" so they can still receive their bonuses. What should you do?

• A.Check whether the company has a policy on resolving ethical conflicts
• B.Report the managers to the CEO
• C.Consider inflating the profits for the year, since it is only a 2% difference
• D.Resign from the company

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This is the balance sheet for Swinney Services. Using trend analysis, what does this information tell us about the trends for current assets and current liabilities?

• A.Current assets increased at a rate nearly 4x higher than current liabilities
• B.Current assets increased at a rate nearly 2x higher than current liabilities
• C.Current assets increased at a rate nearly 10x higher than current liabilities
• D.Current assets increased at a rate nearly 6x higher than current liabilities

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Using this data, what is the number of units that must be sold in order to achieve a desired after-tax profit of $100,000?

• A.15,360 units
• B.12,800 units
• C.16,000 units
• D.14,800 units

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