I have attached a file with five additional questions. Can you answer these? thanks

I have attached a file with five additional questions. Can you answer these? thanks

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1. Which of the following statements is true concerning manufacturing companies?
a)
Manufacturing companies provide services
b)
Manufacturing companies transform Direct materials into finished products
c)
Manufacturing companies buy and resell merchandise inventory
d)
Manufacturing companies do none of the above.
2.
Financial accounting is primarily concerned with providing information to all of the
following
EXCEPT
a)
creditors such as banks and other financial institutions
b)
the management of the firm
c)
the Securities and Exchange Commission
d)
the stockholders of the company
3. Howard Manufacturing’s overhead at year-end was overapplied by $5,800, a small
amount given the firm’s size. At year-end the company should adjust the overapplied
overhead by:
a)
increasing Cost of Goods Sold
b)
increasing Manufacturing Overhead
c)
increasing Work-in-Process Inventory
d)
decreasing Cost of Goods Sold
e)
decreasing Work-in Process Inventory
4.
As activity decreases, total fixed cost:
a)
increases proportionately with activity
b)
decreases proportionately with activity
c)
remains constant
d)
decreases by a fixed amount
5.
Least-squares regression are used by accountants to:
a)
evaluate divisional managers for purposes of raises and promotions
b)
choose among alternative course of action
c)
maximize output
d)
estimate cost
e)
control operations

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