Act105 week 6.1 QUESTIONS AND ANSWERS 100% Accuracy, latest 2024.

Question 1 of 10 0.0/ 10.0 Points The data on a materials requisition are entered as debits to the Materials Inventory account. A. True B. False Answer Key: False Question 2 of 10 0.0/ 10.0 Points Which of the following statements does not apply to managerial accounting? A.Relates to the part of the company that the manager oversees. B.Helps managers make good decisions in financing, resource allocation, marketing, and production. C.Information is intended for internal use. D.Information is usually summarized when presented. Answer Key: D Question 3 of 10 0.0/ 10.0 Points If factory rent of $600 and miscellaneous factory expense of $150 were incurred on account, the entry is: A.Dr. Miscellaneous Factory Expense for $750 and Cr. Accounts Payable for $750 B.Dr. Factory Rent Expense for $600 and Miscellaneous Factory Expense for $150 and Cr. Accounts Payable for $750 C.Both A and B are correct.