Homework Answers
| 3 |
| False, maintenance, supervision are not direct labor costs, these are manufacturing overhead costs. |
| 4 |
| Materials used on a job are written on material requisition form |
| Option 2 is correct |
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Question 3 1 pts maintenance, supervision are direct labor costs True ︵ False D Question 4...
Question 3 1 pts maintenance, supervision are direct labor costs O True O False DQuestion 4...
Question 3 1 pts maintenance, supervision are direct labor costs O True O False DQuestion 4 2 pts materials used on a job are written on which of the following O bill of materials material requisition form production order
this quiz is worth 20 points. w-Hill Con- D Question 1 1 pts The three manufacturing...
this quiz is worth 20 points. w-Hill Con- D Question 1 1 pts The three manufacturing costs are direct labor, material and mfg overhead Atte 23 ○True O False D Question 2 2 pts What is used to record costs assigned to a job O job cost sheet O material order sheet O excel spreadsheet
Product costs include direct materials, direct labor, and selling costs. True False Period costs are all...
Product costs include direct materials, direct labor, and selling costs. True False Period costs are all costs that are not product costs, such as office supplies. True False A cost object is any item such as products, customers, departments, regions, and so on, for which costs are measured and assigned. True False The valve chain is the set of activities that increase the value of an organization's product and services. True False Direct costs can be economically and easily traced...
Need help with question 17 & 18! c. Direct materials and direct manufacturing labor are included...
Need help with question 17 & 18!
c. Direct materials and direct manufacturing labor are included in total manufacturing costs. d. Manufacturing overhead costs incurred is used to determine total manufacturing costs. 4-17 Sturdy Manufacturing Co. assembled the following cost data for job order 823: Direct manufacturing labor $80,000 Indirect manufacturing labor 12,000 Equipment depreciation 1,000 Other indirect manufacturing costs 1,500 Direct materials 95,000 Indirect materials 4,000 Manufacturing overhead overapplied 2,000 What are the total manufacturing costs for job order...
Question 4 4 pts 1. The following data pertains to activity and maintenance costs for two...
Question 4 4 pts 1. The following data pertains to activity and maintenance costs for two recent years: Year 2 Year 1 Activity level in units... 12.000 8,000 Maintenance Cost............... $15,000 $12,000 Using the high-low method, the cost formula for maintenance would be $4.000 plus $1.50 per unit $3,000 plus $1.50 per unit $6,000 plus $0.75 per unit $6,000 plus $1.25 per unit Question 5 3 pts In a job-order system, direct labor cost is ordinarily debited to:
True or False: direct material and direct labor are called conversion costs
True or False: direct material and direct labor are called conversion costs
Question No: 1 True or False Questions: (7x1=7 Marks)&nbs
Question No: 1 True or False Questions: (7x1=7 Marks) Answer all (Write in box “True or False “ ) Managerial accounting is a field of accounting that provides economic and financial information for managers and other internal users. ( ) The income statements of a merchandising company and a manufacturing company same in the cost of goods sold section. ( ) Job order Costs are assigned to different job or batch, key feature are each...
Phone chargers Custom jewelry 2pts Question 21 A job cost sheet includes: Direct materials, direct labor,...
Phone chargers Custom jewelry 2pts Question 21 A job cost sheet includes: Direct materials, direct labor, and operating costs Direct materials, estimated overhead, and administrative costs Direct labor, actual overhead, and selling costs Direct material, direct labor, and applied overhead Direct materials, direct labor, and selling costs Question 22 Customization Separate manufacturing from other products Question 20 A company that makes which of the following types of products would best be suited forajo costing system? Fruit juice Swimming suits Snack...
Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages...
Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages Payable is debited and Work in Process Inventory is credited O Work in Process Inventory is debited and Factory Wages Payable is credited Cost of Goods Manufactured is debited and Direct Labor is credited ODirect Labor and Indirect Labor are debited and Factory Wages Payable is credited O Work in Process Inventory is debited and Factory Overhead is credited costs How much overhead Question...
For Question 5, I am looking for the cost of direct materials, direct labor, manufacturing overhead,...
For Question 5, I am looking
for the cost of direct materials, direct labor, manufacturing
overhead, and work in process inventory.
Problem 3-14 Schedule of Cost of Goods Manufactured; Overhead Analysis (LO3-3, LO3-4] Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $111,600 of manufacturing overhead for...
Question 3 1 pts maintenance, supervision are direct labor costs O True O False DQuestion 4 2 pts materials used on a job are written on which of the following O bill of materials material requisition form production order
this quiz is worth 20 points. w-Hill Con- D Question 1 1 pts The three manufacturing costs are direct labor, material and mfg overhead Atte 23 ○True O False D Question 2 2 pts What is used to record costs assigned to a job O job cost sheet O material order sheet O excel spreadsheet
Need help with question 17 & 18!
c. Direct materials and direct manufacturing labor are included in total manufacturing costs. d. Manufacturing overhead costs incurred is used to determine total manufacturing costs. 4-17 Sturdy Manufacturing Co. assembled the following cost data for job order 823: Direct manufacturing labor $80,000 Indirect manufacturing labor 12,000 Equipment depreciation 1,000 Other indirect manufacturing costs 1,500 Direct materials 95,000 Indirect materials 4,000 Manufacturing overhead overapplied 2,000 What are the total manufacturing costs for job order...
Question 4 4 pts 1. The following data pertains to activity and maintenance costs for two recent years: Year 2 Year 1 Activity level in units... 12.000 8,000 Maintenance Cost............... $15,000 $12,000 Using the high-low method, the cost formula for maintenance would be $4.000 plus $1.50 per unit $3,000 plus $1.50 per unit $6,000 plus $0.75 per unit $6,000 plus $1.25 per unit Question 5 3 pts In a job-order system, direct labor cost is ordinarily debited to:
Phone chargers Custom jewelry 2pts Question 21 A job cost sheet includes: Direct materials, direct labor, and operating costs Direct materials, estimated overhead, and administrative costs Direct labor, actual overhead, and selling costs Direct material, direct labor, and applied overhead Direct materials, direct labor, and selling costs Question 22 Customization Separate manufacturing from other products Question 20 A company that makes which of the following types of products would best be suited forajo costing system? Fruit juice Swimming suits Snack...
Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages Payable is debited and Work in Process Inventory is credited O Work in Process Inventory is debited and Factory Wages Payable is credited Cost of Goods Manufactured is debited and Direct Labor is credited ODirect Labor and Indirect Labor are debited and Factory Wages Payable is credited O Work in Process Inventory is debited and Factory Overhead is credited costs How much overhead Question...
For Question 5, I am looking
for the cost of direct materials, direct labor, manufacturing
overhead, and work in process inventory.
Problem 3-14 Schedule of Cost of Goods Manufactured; Overhead Analysis (LO3-3, LO3-4] Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $111,600 of manufacturing overhead for...
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