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1.Complete the following statements with the terms listed below. You may use a letter more than once Some letters may not be used at all. There may be more than one answer for each statement. 4% of test A CEO Audit committee Treasurer Controller is directly responsible for obtaining financing, managing cash, and investing funds. 2. prepares budgets, performance reports, and all financial reports. hires, fires, and supervises the corporation's auditors. 4 certifies that financial statements do not contain untrue statements or omissions of material facts. Q2.. Indicate if each of the following is a product or a period cost. Assume a manufacturer. [3% oftest factory machinery repairs and maintenance. -depreciation expense on delivery trucks. B) A) C) advertising expense plant insurance expired D) . 1289% of test) Here is some basic data for Company D during the period X using normal costing S36,000 Materials purchased (for cash) s85,000 indirect materials requisitioned S148,000 S20,000 $135,000 Beginning Materials inventory Direct Materials requisitioned Actual manufacturing overhead 162,000 Direct labor cost incurred A. Make the journal entry to record the labor cost. B. Make the journal entry to record the direct materials requisition. C. Assuming that Predetermined overhead rate was 125 % of direct labor cost, prepare the journal entry to allocate (i.e., apply) overhead costs to production

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