Homework Answers
Direct Material Cost are the cost of raw material and other components used in the production of a product and easily identified with the unit of production and are variable in nature whereas period cost are the cost which are not included in the product cost and not directly related to the production of goods. They are generally fixed in nature.
Hence, the cost of direct material is classified as product cost. Hence, option (D) is correct.
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The cost of direct materials cost is classified as a Period cost Product cost A) Yes...
The cost of direct materials is classified as a: Product cost Yes Period cost Yes No...
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...
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 are classified as: Coversion Manufacturing Prime Cost Cost Cost A) Yes....
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
The cost of direct materials is classified as a: Conversion cost Prime cost A) No No...
The cost of direct materials is classified as a: Conversion cost Prime cost A) No No B) Yes No C) No Yes D) Yes Yes Choice D Choice A Choice C Choice B
Which of the following is classified as a direct labor cost? Wages of assembly Wages of...
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
Direct materials are a: a) Manufacturing cost? O Yes O No b) Prime cost? Yes O...
Direct materials are a: a) Manufacturing cost? O Yes O No b) Prime cost? Yes O No c) Conversion cost? Yes No
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct labor c. Manufacturing overhead. Write the appropriate letter in the space provided. A Factory machinery lubricants B. Depreciation on manufacturing building D. Wood used in manufacturing furniture C. Assembly line worker's wages Salaries for the night security guards for the factory building Glue, nails and other small parts used in production Insurance on factory machines Factory supervisor's salaries Metal used in manufacturing process -...
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....
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
When used, raw materials A. would be classified as direct materials. B. would be classified as...
When used, raw materials A. would be classified as direct materials. B. would be classified as direct labor. C. would be classified as indirect materials. D. cannot be determined with the information provided.
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
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
Direct materials are a: a) Manufacturing cost? O Yes O No b) Prime cost? Yes O No c) Conversion cost? Yes No
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct labor c. Manufacturing overhead. Write the appropriate letter in the space provided. A Factory machinery lubricants B. Depreciation on manufacturing building D. Wood used in manufacturing furniture C. Assembly line worker's wages Salaries for the night security guards for the factory building Glue, nails and other small parts used in production Insurance on factory machines Factory supervisor's salaries Metal used in 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....
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