187. The types of reports prepared in managerialaccounting are often ______________-purpose reports prepared for a specificdecision. 188. Managerialaccounting reports generally pertain to ______________ of a business and may bevery detailed. 189. Threebroad managerial functions are: (1)______________, (2)______________, and(3)______________. 190. The______________ function is concerned with setting goals and objectives for theentity. 191. Exercisinggood judgment in performing the managerial functions and choosing among alternativecourses of action is called ______________. 192. Thethree cost elements in manufacturing a product are (1)______________,(2)______________, and (3)______________. 193. Thework of factory employees that can be physically and directly associated withconverting raw materials into products is classified as ______________. 194. Indirectmaterials and indirect labor are classified as ______________. 195. Eachof the manufacturing cost components is a ______________ cost. 196. Amajor difference between the income statements of a merchandising company and amanufacturing company is that the cost of goods sold section of a merchandisingcompany shows cost of goods______________, whereas a manufacturing companyshows cost of goods ______________. 197. ___________________is added to direct labor and manufacturing overhead to get total manufacturingcosts for the current period. 198. Theending work in process inventory is subtracted from the total cost of work inprocess to calculate ______________________. 199. Amanufacturing company computes cost of goods sold by adding cost of goodsmanufactured to the ___________________ and subtracting the __________________. 200. Amanufacturing company usually has three inventory accounts which are (1)___________________,(2)___________________, and (3)___________________.