Which of the following is a period cost? A. direct labor cost B. direct materials cost...
Which of the following is a period cost? A. direct labor cost B. direct materials cost C. manufacturing overhead D. administrative cost
Homework Answers
There are two type of cost in organization
a) Product cost
b) period cost
Product cost is that cost which is used in manufacturing department. Either direct cost or indirect cost.. Direct product cost includes direct material and direct labor but indirect manufacturing cost is manufacturing overhead
But administrative cost are period cost
So answer is d) Administrative cost
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Which of the following is a period cost? A. direct labor cost
B. direct materials cost...
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process...
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as a. factory overhead cost b. miscellaneous expense c. product costs d. period cost 21. Which of the following is an example of a factory overhead cost? a. repair and maintenance cost on the administrative building b. factory heating and lighting cost e. insurance premiums on salespersons' automobiles d. president's salary 22. Prime costs are a direct materials and factory overhead b....
8. Which of the following are period costs? A) Raw materials B) Direct materials and direct...
8. Which of the following are period costs? A) Raw materials B) Direct materials and direct labor C) Direct labor and manufacturing overhead D) Selling expenses
Skolnick Corporation has provided the following information: Cost per Period Direct materials Direct labor Variable manufacturing...
Skolnick Corporation has provided the following information: Cost per Period Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $5.90 $ 4.10 $ 2.20 $152,000 $ 1.40 $ 0.30 $ 43,700 Required: a. If 9,500 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 9,500 units are produced, what is the total amount of indirect...
1. Which of the following is a period cost? Multiple Choice Direct materials used Direct labor...
1. Which of the following is a period cost? Multiple Choice Direct materials used Direct labor costs applicable to production Manufacturing overhead Advertising expense
Kesterson Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $...
Kesterson Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.20 Direct labor $ 4.30 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 21,000 Sales commissions $ 2.20 Variable administrative expense $ 0.50 Fixed selling and administrative expense $ 6,000 The incremental manufacturing cost that the company will incur if it increases production from 7,500 to 7,501 units is closest to: Multiple Choice: A. $13.10 B. $15.90 C. $19.40 D. $16.40
Walsh Corporation has provided the following information: 2 Cost per Unit Cost per Period Direct materials...
Walsh Corporation has provided the following information: 2 Cost per Unit Cost per Period Direct materials $6.90 Direct labor $ 3.90 Variable manufacturing overhead 1.70 Fixed manufacturing overhead 25,200 Sales commissions $ 1.50 Variable administrative expense 0.55 $ 8,100 Fixed selling and administrative expense $ If 5,000 units are produced, the total amount of manufacturing overhead cost is closest to: Select one: a. $13.65 b. $12.05 C. $10.65 d. $16.05 A
4) Product (or manufacturing) costs consists of a) Direct materials, direct labor, and selling costs b)...
4) Product (or manufacturing) costs consists of a) Direct materials, direct labor, and selling costs b) Direct materials, direct labor, manufacturing overhead, and operating expenses c) Administrative cost and conversion cost d) Selling and administrative costs
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials Direct...
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense s 4.70 $ 1.80 $126,000 1.40 s 0.60 s 39,600 Required: a. If 9,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermedi calculations.) b. If 9,000 units are produced, what is the total amount of indirect manufacturing costs...
Cost per Period Cost per Unit $7.35 $4.30 $1.60 Direct materials Direct labor Variable manufacturing overhead...
Cost per Period Cost per Unit $7.35 $4.30 $1.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $26,000 $0.80 $0.90 $ 6,000 If 6,500 units are sold, the total variable cost is closest to: Multiple Choice 0 $106.925 O $128.375 O $97,175 0 $86,125
1. Three costs in every product are direct materials, direct labor, and period costs direct materials,...
1. Three costs in every product are direct materials, direct labor, and period costs direct materials, work in process, and manufacturing overhead direct materials, direct labor, and manufacturing overhead direct materials, work in progress, and finished goods 2. What is the journal entry for under applied overhead? Manufacturing overhead Finished Goods Inventory Finished Goods Inventory Manufacturing Overhead Manufacturing overhead Cost of goods sold Cost of goods sold Manufacturing overhead 3. Use a piece of scrap paper...
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as a. factory overhead cost b. miscellaneous expense c. product costs d. period cost 21. Which of the following is an example of a factory overhead cost? a. repair and maintenance cost on the administrative building b. factory heating and lighting cost e. insurance premiums on salespersons' automobiles d. president's salary 22. Prime costs are a direct materials and factory overhead b....
8. Which of the following are period costs? A) Raw materials B) Direct materials and direct labor C) Direct labor and manufacturing overhead D) Selling expenses
Skolnick Corporation has provided the following information: Cost per Period Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $5.90 $ 4.10 $ 2.20 $152,000 $ 1.40 $ 0.30 $ 43,700 Required: a. If 9,500 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 9,500 units are produced, what is the total amount of indirect...
Walsh Corporation has provided the following information: 2 Cost per Unit Cost per Period Direct materials $6.90 Direct labor $ 3.90 Variable manufacturing overhead 1.70 Fixed manufacturing overhead 25,200 Sales commissions $ 1.50 Variable administrative expense 0.55 $ 8,100 Fixed selling and administrative expense $ If 5,000 units are produced, the total amount of manufacturing overhead cost is closest to: Select one: a. $13.65 b. $12.05 C. $10.65 d. $16.05 A
4) Product (or manufacturing) costs consists of a) Direct materials, direct labor, and selling costs b) Direct materials, direct labor, manufacturing overhead, and operating expenses c) Administrative cost and conversion cost d) Selling and administrative costs
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense s 4.70 $ 1.80 $126,000 1.40 s 0.60 s 39,600 Required: a. If 9,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermedi calculations.) b. If 9,000 units are produced, what is the total amount of indirect manufacturing costs...
Cost per Period Cost per Unit $7.35 $4.30 $1.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $26,000 $0.80 $0.90 $ 6,000 If 6,500 units are sold, the total variable cost is closest to: Multiple Choice 0 $106.925 O $128.375 O $97,175 0 $86,125
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