ACC 206 week 2 quiz 3 (All correct)

Question 1. 1. Managerial and Financial accounting reports target the same audience. (Points : 1)

Question 2. 2. Planning is the process of deciding on a course of action to reach a desired outcome. (Points : 1)

Question 3. 3. Direct materials are any materials used in the manufacturing process to create a product. (Points : 1)

Question 4. 4. Period costs are expensed immediately. (Points : 1)

Question 5. 5. All costs that are not product costs are period costs. (Points : 1)