The cost of advertising using flyers would be classified as a

Direct labor is the payroll cost for employees who: 

a.work for the company.

b.are directly involved with the manufacture of a product.

c.manage the production of a product.

d.sell the product.

e.none of the above

Which of the following correctly describes the effect of a transaction used to record a loan payment made to a creditor?

Decrease liability and decrease cash

Increase liability and decrease equity

Decrease cash and decrease equity

Decrease cash only

None of the above

Which of the following account would not be classified as an asset?

Cash
Inventory
Accounts Payable

 Accounts Receivable

 Equipment

Jackson’s is a chain of quick service restaurants whose customers order their meals at a counter and then help themselves to whatever condiments, such as pickles and ketchup, they want at a self-service bar near the dining area. For the company, the cost of pickles and ketchup would be classified as a:
A. Direct Material Cost

B.Direct Labor Cost

C.Overhead Cost

D.Period Cost

Which of the following has the budgets in the correct order of preparation?

Budgeted balance sheet, budgeted income statement, purchases budget, cash budget

Budgeted balance sheet, cash budget, budgeted income statement, purchases budget

Budgeted income statement, purchases budget, cash budget, budgeted balance sheet

Cash budget, purchases budget, budgeted income statement, budgeted balance sheet

Which of the following pieces of information are necessary for preparing a sales budget?

Estimated Sales

Selling Price

Desired Ending Inventory

A&B

All of the above