Homework Answers
| Option B is the answer | |
| The costs which remain same even when the number of outputs produced changes are called fixed costs. In the given options, a, c and D are variable costs. |
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Question 18 1 pts Which of the following costs is an example of a cost that...
Which of the following is an example of a cost that varies in total as the...
Which of the following is an example of a cost that varies in total as the number of units produced changes? property taxes on factory buildings direct materials cost straight-line depreciation on factory equipment alary of a production supervisor
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....
Cost Classification Loring Company incurred the following costs last year: Costs Amounts Direct materials $211,000 Factory...
Cost Classification Loring Company incurred the following costs last year: Costs Amounts Direct materials $211,000 Factory rent 21,000 Direct labor 120,000 Factory utilities 6,300 Supervision in the factory 55,000 Indirect labor in the factory 38,000 Depreciation on factory equipment 8,500 Sales commissions 33,000 Sales salaries 72,000 Advertising 35,000 Depreciation on the headquarters building 10,200 Salary of the corporate receptionist 27,000 Other administrative costs 183,000 Salary of the factory receptionist 29,000 Required: 1. Classify each of the costs using the table...
3 Compute the total manufacturing cost for a manufacturer with the following information for the month....
3 Compute the total manufacturing cost for a manufacturer with the following information for the month. 12.5 points Raw materials purchased Direct materials used Direct labor used Factory supervisor salary Salesperson commissions Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials $ 40,000 56,000 14,888 11,400 7,000 3,800 3,900 1,380 eBook References Total Manufacturing Cost is Computed as: Total manufacturing costs Sal Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials Total Manufacturing Cost is Computed as: Direct labor used in production...
QUESTION 8 Which of the following is an example of direct materials cost for an automobile...
QUESTION 8 Which of the following is an example of direct materials cost for an automobile manufacturer? a. cost of wages of assembly worker b.cost of oil lubricants for factory machinery C. cost of interior upholstery d. salary of production supervisor
Identify Cost Graphs The following cost graphs illustrate various types of cost behavior: Cost Graph One...
Identify Cost Graphs The following cost graphs illustrate various types of cost behavior: Cost Graph One Cost Graph Two 0 Total Units Produced Total Units Produced Cost Graph Four Cost Graph Three 0 Total Units Produced 0 Total Units Produced For each of the following costs, identify the cost graph that bestillustrates its cost behavior as the number of units produced increases: a. Total direct materials cost De My work more Check My Work uses remaining, < Previous Next All...
Loring Company incurred the following costs last year: Costs Amounts Direct materials $210,000 Factory rent 20,000...
Loring Company incurred the following costs last year: Costs Amounts Direct materials $210,000 Factory rent 20,000 Direct labor 123,000 Factory utilities 6,400 Supervision in the factory 54,000 Indirect labor in the factory 34,000 Depreciation on factory equipment 6,000 Sales commissions 26,000 Sales salaries 66,000 Advertising 34,000 Depreciation on the headquarters building 9,600 Salary of the corporate receptionist 35,000 Other administrative costs 186,000 Salary of the factory receptionist 24,000 Required: 1. Classify each of the costs using the table provided. Be...
Question 18 Knight Company reports the following costs and expenses in May. $16,800 Direct labor $72,600...
Question 18 Knight Company reports the following costs and expenses in May. $16,800 Direct labor $72,600 Factory utilities Depreciation on factory equipment 14,350 Sales salaries 46,700 Depreciation on delivery trucks 4,200 3,500 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 52,500 84,300 138,700 8,400 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 1,700 2,970 16,700 3,370 From the information: (a) (b) Determine the total amount of product costs. Product costs
This Question: 4 pts An example of direct labor would be which of the following? O...
This Question: 4 pts An example of direct labor would be which of the following? O A. Wages of factory security OB. Salary of the vice-president of operations O C. Wages of assembly line personnel O D. Salary of a production manager
Which of the following is an example of a cost that varies in total as the number of units produced changes? property taxes on factory buildings direct materials cost straight-line depreciation on factory equipment alary of a production supervisor
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....
3 Compute the total manufacturing cost for a manufacturer with the following information for the month. 12.5 points Raw materials purchased Direct materials used Direct labor used Factory supervisor salary Salesperson commissions Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials $ 40,000 56,000 14,888 11,400 7,000 3,800 3,900 1,380 eBook References Total Manufacturing Cost is Computed as: Total manufacturing costs Sal Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials Total Manufacturing Cost is Computed as: Direct labor used in production...
QUESTION 8 Which of the following is an example of direct materials cost for an automobile manufacturer? a. cost of wages of assembly worker b.cost of oil lubricants for factory machinery C. cost of interior upholstery d. salary of production supervisor
Identify Cost Graphs The following cost graphs illustrate various types of cost behavior: Cost Graph One Cost Graph Two 0 Total Units Produced Total Units Produced Cost Graph Four Cost Graph Three 0 Total Units Produced 0 Total Units Produced For each of the following costs, identify the cost graph that bestillustrates its cost behavior as the number of units produced increases: a. Total direct materials cost De My work more Check My Work uses remaining, < Previous Next All...
Question 18 Knight Company reports the following costs and expenses in May. $16,800 Direct labor $72,600 Factory utilities Depreciation on factory equipment 14,350 Sales salaries 46,700 Depreciation on delivery trucks 4,200 3,500 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 52,500 84,300 138,700 8,400 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 1,700 2,970 16,700 3,370 From the information: (a) (b) Determine the total amount of product costs. Product costs
This Question: 4 pts An example of direct labor would be which of the following? O A. Wages of factory security OB. Salary of the vice-president of operations O C. Wages of assembly line personnel O D. Salary of a production manager
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