ANSWER
Correct Answer is Option(C). No ; Yes | |
Explanation: | |
Electricity cost whether fixed or variable is in the nature of Product cost |
The fixed portion of the cost of electricity for a manufacturing facility is classified as a:...
Electricity based only on kilowatt usage in a manufacturing facility would best be classified as what type of cost? A. Mixed cost B. Step cost C. Variable cost D. Fixed cost
The cost of carrots used in the production of carrot soup are classified as: Conversion Cost Prime Cost Product Cost Choice A No Yes Yes Choice B Yes No Choice C Yes Choice D Yes No Yes No Yes Yes Variable Cost No No Yes Yes O A. Choice A OB. Choice D O C. Choice B OD. Choice C
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.75 $3.70 $1.35 $12,500 $1.00 $0.60 $ 6,300 If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: Multiple Choice О O $11,500 $24,200 О O $13,900 О O $17,900
The cost of direct materials is classified as a: Product cost Yes Period cost Yes No Yes No NO No Yes O Option O Option D O Option A O Option B
The cost of direct materials is classified as a: Product cost Yes Period cost Yes No Yes No NO No Yes O Option O Option D O Option A O Option B
4. Please classify the following as either a period or product cost AND either a fixed or variable cost. Period Product Fixed Variable a. plastic components to make a toy b. administrative building rent c. accountant's salary d. line workers wages e. electricity for conveyor belt f. property taxes (manufacturing facility)
The cost of direct materials cost is classified as a Period cost Product cost A) Yes :1) |No C) Yes Yes RJC) No Yes |No )No OOption A Option B Option O Option D
A portion of the total fixed manufacturing overhead cost incurred during a period may: A) be included below the gross margin line as a period cost under absorption costing. B) be charged as a period cost with the remainder deferred under variable costing. C) be temporarily excluded from cost of goods sold under absorption costing. D) never be excluded from cost of goods sold under variable costing.
the cost of direct materials are classified as: Coversion Manufacturing Prime Cost Cost Cost A) Yes. Yes. Yes B) No. No. No C). Yes. Yes. No D) No. Yes. Yes
Rapid Enterprises allocates manufacturing overhead to its cost objects on the basis of 75% of direct material cost. If Product 17X had $93,000 of manufacturing overhead allocated to it during May, the direct materials assigned to Product 17X was: Multiple Choice О $124,000. O $162,750. O О $69,750. O О 593,ооо.