The wages of a timekeeper in the factory would be classified
as
indirect labor. |
compliance costs. |
direct labor. |
a period cost. |
Option A is the answer (Indirect labor) |
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Indirect labor is the labor which is not directly involved the production but supports it. Wages of time keeper does not take part in production. So, it is considered as indirect labor |
The wages of a timekeeper in the factory would be classified as indirect labor. compliance costs....
QUESTION 13 The wages of a timekeeper in the factory would be classified as a period cost. direct labor. indirect labor. compliance costs.
A factory supervisor's wages are classified as: Manufacturing Indirect labor Overhead No A) No Yes Yes Yes No D) No Yes
24. Factory overhead costs normally include all of the following except: A. Indirect labor costs. B. Indirect material costs. C. Selling costs. D. Factory machinery oil. E. Factory rent. 25. An opportunity cost is: A. An uncontrollable cost. B. A cost of potential benefit lost. C. A change in the cost of a component. D. A direct cost. E. A sunk cost. 26. Which of the following costs is not included in factory overhead? A. Payroll taxes on the wages...
Name Date: 1. Management accountants would not assist in budget planning. be prepare reports primarily for external users. c. determine cost behavior d. be concerned with the impact of cost and volume ce profits e determine the price of a product 2. A distinguishing feature of managerial accounting is a extemal users b. general-purpose reports every detailed reports d. quarterly and annual reports e. general accepted accounting regulations 3. The wages of a timekeeper in the factory would be classified...
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...
Question 1 Which one of the following would not be classified as manufacturing overhead? Indirect labor Direct materials Insurance on factory building Indirect materials
Wages paid to a factory supervisor are treated as: a. a product cost but not as a direct labor cost. b. a period cost but not as a direct labor cost. c. both a direct labor cost and a product cost. d. a direct labor cost but not as a period cost. Cost allocation is: a. is same as cost accumulation. b. the process of assigning indirect costs to cost objects. c. the tracking of direct costs to cost objects....
Sales commissions are classified as
overhead costs.
indirect labor.
period costs.
product costs.
Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) $400,00e Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,00e 130,e00 8,000 240,000 10,000 $473,00e $ 20,00e 30,000 $ 40,000e $ 70,00e The company uses a predetermined overhead rate of $25 per machine-hour to apply...
Which of the following is classified as a direct labor cost? Wages of assembly Wages of a factory superviso ine workers A)|No B) Yes C) No D) Yes No Yes Yes No OOption A Option B Option O Option D