TEST BANK for Fundamental Managerial Accounting Concepts, 10th Edition By Thomas Edmonds, Christopher Edmonds, Chapter 1 Management Accounting and Corporate Governance 1) Which of the following items are representative of managerial accounting? Note: Check all that apply. A) Financial statement in accordance with GAAP B) Monthly sales reports used internally to allocate funds to divisions C) Quarterly financial information sent to investors D) Audited financial statements submitted to bankers with credit application E) Budget projections used to make logistic decisions 2) Which of the following costs are not included in the cost of manufacturing a product? Note: Check all that apply. A) Marketing B) Production workers' wages C) Factory janitor's wages D) CEO salary E) Depreciation on manufacturing equipment 3) Which of the following is considered a downstream cost?