Shipping cost, advertising cost and sales commission all are expense but insurance on factory building is not expense it is an manufacturing cost
So answer is d) Insurance on factory building
Which of the following costs should not be recorded as an expense? Multiple Choice Ο Product...
Which of the following costs should be recorded as an expense? Multiple Choice Depreciation of manufacturing equipment Salary of administrative employee All of these are expenses. o oo Insurance for the factory building
Which of the following is true regarding period and product costs? Multiple Choice 0 Factory lease is a product cost, and sales commissions are a product cost. 0 Factory lease is a period cost, and sales commissions are a product cost. 0 Factory lease is a period cost, and sales commissions are a period cost. 0 Factory lease is a product cost, and sales commissions are a period cost.
Which of the following accounts would be closed? Multiple Choice Ο O Supplies Expense Ο Accounts Receivable Ο Supplies Ο Accumulated Depreciation
1. Identify the following costs as product or period costs by placing on"X" Product Period Oil for the factory machines Direct material Commissions on sales Rent of office space Direct labor Insurance on the administration building Repairs on factory machine Power for the factory Indirect material for factory Customer relations Distribution costs (shipping) 2. What is the difference between product and period costs? Why do we care? 3. Can you provide other name for the term product costs?
Which of the following is an example of a manufacturing overhead cost? Multiple Choice CEO's salary repair and maintenance costs on the administrative building Insurance on sales employees' automobiles factory heating and lighting costs depreciation on administrative equipment
Which of the following is not an example of euploidy? Multiple Choice Ο Triploid Ο Diploid Ο Tetraploid Ο Polyploid Ο Aneuploid < Prev 12 of 40
Multiple Choice Question 176 Which of the following journal entries is recorded correctly and in the basic format? Salaries and Wages Expense Advertising Expense Cash 480 840 1320 Cash 1320 Salaries and Wages Expense Advertising Expense 480 840 Salaries and Wages Expense Advertising Expense Cash 480 840 1420 480 Salaries and Wages Expense Cash Advertising Expense 1320 840
Multiple Choice Ο Office equipment Ο Land Ο Unearned revenue Patent Which of the following is classified as a current asset?
For which of the substances below is ΔΗ°= 0? Multiple Choice Ο Ο Ο Ο
Which of the following would not be considered a product cost? Multiple Choice Direct material costs. Factory supervisor's salary. Direct labor costs. Budget accountant's salary. Manufacturing overhead costs.