For which of the following reasons would David Laugherty, owner of the Laughtery Associates law…
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1. How much manufacturing overhead would Gell allocate?
a. $83,000,000
b. $93,000,000
c. $124,000,000
d. $220,000,000
2. A manufacturing company’s management can use product cost information to
a. set prices of its products.
b. decide which products to emphasize.
c. identify ways to cut production costs.
d. a, b, and c are correct
3. For which of the following reasons would David Laugherty, owner of the Laughtery Associates law firm, want to know the total costs of a job (serving a particular client)?
a. For inventory valuation
b. To determine the fees to charge clients
c. For external reporting
d. a, b, and c are correct
