Which of the following statements is true? Advertising is a product cost and a plant manager’s...
Which of the following statements is true?
|
Advertising is a product cost and a plant manager’s salary is a period cost. |
|
Advertising is a period cost and a plant manager’s salary is a manufacturing overhead cost. |
|
Advertising is a period cost and a plant manager’s salary is a period cost. |
|
Advertising is a product cost and a plant manager’s salary is a manufacturing overhead cost. |
Homework Answers
Advertising is a period cost and a plant manager’s salary is a manufacturing overhead cost.
Explanation: Period costs are those costs recorded as an expense in the period they are incurred. Selling expenses and administrative expenses such as sales salaries, sales commissions, Advertisement exp. and a plant manager’s salary is a manufacturing overhead cost.
Add Answer to:
Which of the following statements is true?
Advertising is a product cost and a plant manager’s...
Which of the following statements is true of absorption costing? a. It is used only for...
Which of the following statements is true of absorption costing?a. It is used only for internal reporting purposes.b. It assigns all manufacturing costs to the product.c. It treats fixed selling overhead as a product cost.d. It treats fixed manufacturing overhead as a period cost.Determine the value of ending inventory under variable costing.a. $ 1,050,000b. $ 570,000c. $ 690,000d. $ 750,000Determine the cost of goods sold under absorption costing.a. $ 360,000b. $ 500,000c. $ 400,000d. $ 540,000
Which of the following statements explains why the cost of advertising might be relevant to a...
Which of the following statements explains why the cost of advertising might be relevant to a consumer’s decision about which brand of a product to purchase? Cheap or limited advertising signals that the producer feel so confident about their product that no advertisement is really needed. Costly advertising sends a credible signal of product quality. Costly advertising usually provides a nicer and more exclusive presentation of a product. It is needed for consumers when they make the cost-benefit analysis about...
Which of the following statements is true? A. A marketing manager must allocate an advertising budget...
Which of the following statements is true? A. A marketing manager must allocate an advertising budget to promote the product least effectively. B. Managers are not constrained by resource scarcity. C. Human resource managers design compensation systems to encourage employees to work hard. D. A production manager's objective is normally to achieve a production target at the highest possible cost.
16. The cost of a manufactured product generally consists of which of the following costs? a...
16. The cost of a manufactured product generally consists of which of the following costs? a direct materials cost and factory overhead cost only b. direct labor cost and factory overhead cost only c. direct labor cost, direct materials cost, and factory overhead cost d. direct materials cost and direct labor cost only 17. Materials must have which two qualities in order to be classified as direct materials? a. They must be classified as both prime costs and conversion costs. b....
Which of the following statements is false? a) a misclassification of a direct labor cost as...
Which of the following statements is false? a) a misclassification of a direct labor cost as an indirect labor cost will understate the total manufacturing cost b) a misclassification of a period cost as a product cost will overstate the unit cost of a product a c) a misclassification of a selling expense as a general and administrative expense will have no effect on the operating income d) a misclassification of a factory overhead cost as an operating cost will...
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost?
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost? A) Depreciation of factory equipment. B) Wages of salespersons C) Wages of machine operators D) Wages of machine operators2. The advertising costs incurred by Pepsi to air its commercials during the hockey season can best be described as A) Fixed cost B) Variable cost C) Prime cost D) Conversion cost 3. How would the wages of factory maintenance personnel usually be classified? A) Direct labour and manufacturing overhead B) Indirect labour and manufacturing overhead C) Direct...
The wages paid to an assembly line worker in a manufacturing plant are: a product cost,...
The wages paid to an assembly line worker in a manufacturing plant are: a product cost, but not part of factory overhead b. a product cost that is also part of factory overhead c. neither a product cost nor part of factory overhead 2. Manufacturing overhead does not include: the cost of thread used in making upholstered furniture of b. depreciation on factory equipment wages paid to a factory security guard a) the cost of shipping finished products to customers...
QUESTION 1 Which of the following is not true about the variable costing and absorption costing...
QUESTION 1 Which of the following is not true about the variable costing and absorption costing methods? Absorption costing treats fixed costs as period costs while variable costing treats it as a product cost. Absorption costing allocates all manufacturing costs as product costs while variable costing only uses direct manufacturing costs. Variable costing and absorption costing both treat selling and administrative costs as period costs. Variable costing is designed to capture only variable overhead costs while absorption costing's meant to...
determine period or product cost if a product cost which type direct labor, direct materials, or...
determine period or product cost
if
a product cost which type direct labor, direct materials, or
factory overhead
Commissions to sales representatives Period Cost Payroll department salaries Select One Maintenance of factory equipment Select One VP of Manufacturing salary Select One Accounting department office supplies Select One Factory rent Select One Factory utilities Select One Wages of assembly line workers Select One Factory janitorial services Select One Factory supplies Select One Leather for bicycle seats Select One Depreciation of office...
Which of the following statements are true and which are false ? Correct the false one...
Which of the following statements are true and which are false ? Correct the false one a. Labor wages are a variable cost. b. A book cost is just another word for a cost that generates a cash flow. c. Total overhead costs are independent of the capacity of an operation (e.g., the size of a manufacturing plant). d. Depreciation is a type of cash flow. e. Thesizeofsunkcostsshouldnotaffecttheprojection of future cash flows. f. The sale of assets can be used...
Which of the following statements is true of absorption costing?a. It is used only for internal reporting purposes.b. It assigns all manufacturing costs to the product.c. It treats fixed selling overhead as a product cost.d. It treats fixed manufacturing overhead as a period cost.Determine the value of ending inventory under variable costing.a. $ 1,050,000b. $ 570,000c. $ 690,000d. $ 750,000Determine the cost of goods sold under absorption costing.a. $ 360,000b. $ 500,000c. $ 400,000d. $ 540,000
16. The cost of a manufactured product generally consists of which of the following costs? a direct materials cost and factory overhead cost only b. direct labor cost and factory overhead cost only c. direct labor cost, direct materials cost, and factory overhead cost d. direct materials cost and direct labor cost only 17. Materials must have which two qualities in order to be classified as direct materials? a. They must be classified as both prime costs and conversion costs. b....
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost? A) Depreciation of factory equipment. B) Wages of salespersons C) Wages of machine operators D) Wages of machine operators2. The advertising costs incurred by Pepsi to air its commercials during the hockey season can best be described as A) Fixed cost B) Variable cost C) Prime cost D) Conversion cost 3. How would the wages of factory maintenance personnel usually be classified? A) Direct labour and manufacturing overhead B) Indirect labour and manufacturing overhead C) Direct...
The wages paid to an assembly line worker in a manufacturing plant are: a product cost, but not part of factory overhead b. a product cost that is also part of factory overhead c. neither a product cost nor part of factory overhead 2. Manufacturing overhead does not include: the cost of thread used in making upholstered furniture of b. depreciation on factory equipment wages paid to a factory security guard a) the cost of shipping finished products to customers...
QUESTION 1 Which of the following is not true about the variable costing and absorption costing methods? Absorption costing treats fixed costs as period costs while variable costing treats it as a product cost. Absorption costing allocates all manufacturing costs as product costs while variable costing only uses direct manufacturing costs. Variable costing and absorption costing both treat selling and administrative costs as period costs. Variable costing is designed to capture only variable overhead costs while absorption costing's meant to...
determine period or product cost
if
a product cost which type direct labor, direct materials, or
factory overhead
Commissions to sales representatives Period Cost Payroll department salaries Select One Maintenance of factory equipment Select One VP of Manufacturing salary Select One Accounting department office supplies Select One Factory rent Select One Factory utilities Select One Wages of assembly line workers Select One Factory janitorial services Select One Factory supplies Select One Leather for bicycle seats Select One Depreciation of office...
Most questions answered within 3 hours.
-
You wish to test the claim that the mean GPA of night students
is than 2.5...
asked 36 minutes ago -
A soft drink machine outputs a mean of 25 ounces per cup. The
machine's output is...
asked 1 hour ago -
Ross Co., Westerfield, Inc., and Jordan Company announced a new
agreement to market their respective products...
asked 1 hour ago -
What is the distance run by a runner 50m/hr and
60m/hr?
asked 2 hours ago -
Write a descendant selector rule that affects the <em>
element that is contained within the
<p>...
asked 2 hours ago -
The management of an electrical manufacturing plant determined
that the mean life of their 10 watt...
asked 2 hours ago -
On January 1, Year 1, Prairie Enterprises purchased a parcel of
land for $13,100 cash. At...
asked 2 hours ago -
Question 4: (3 marks)
On a recent PE-sponsored adventure education program, students
went hiking at Devil's...
asked 2 hours ago -
Programming in C#
Create a Money class that has as data members dollars and cents.
Include...
asked 2 hours ago -
A research associate working for Intragene Therapeutics prepares
an investigative PCR reaction to screen human tissue...
asked 3 hours ago -
Calculate the mass of sodium benzoate, NaC6H5COO, that must be
added to 500.0mL of 0.100 M...
asked 3 hours ago -
Four transactions are presently running: (The abbreviation R(A)
means Read(A), and so on)
• T1: R(A),R(B),R(J),W(A),W(B),R(D),R(E),R(G)...
asked 3 hours ago