Homework Answers
| The salary paid to the maintenance supervisor in a manufacturing plant is a manufacturing overhead. |
| Manufacturing overhead is a Product cost |
| Product cost - Yes |
| Manufacturing overhead - Yes |
| Option C is correct |
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The salary paid to the maintenance supervisor in a manufacturing plant is an example of Product...
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of indirect...
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of indirect cost for the soccer equipment line is the material used to manufacture the soccer studs salary paid to plant supervisor labor to shape the leather used to make the soccer ball material used to make the soccer balls
Sales commissions Insurance costs for factory Freight-in (on raw materials) Utilities in factory Factory supervisor salary...
Sales commissions Insurance costs for factory Freight-in (on raw materials) Utilities in factory Factory supervisor salary Depreciation on factory equipment Utilities in sales office Costs of delivery to customers Depreciation on sales office Lubricants used in factory equipment $7,200 $21,600 $3,600 $12,500 $60,800 $18,700 $26,200 $8,900 $1,600 $200 Manufacturing overhead costs for Rustic Living Furniture Company totaled O A. $81,100 O B. $152,100. O C. $173,900 OD. $221,400. Rustic Living Furniture Company manufactures furniture at its central Kentucky factory. Some...
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...
On a separate sheet, list the following questions by number, and select the best answer for...
On a separate sheet, list the following questions by number, and select the best answer for each question. Choose only one answer for each question 1. All of the following costs would be found in a company's accounting records except A) sunk cost. 8) opportunity cost. C) indirect costs. D) direct costs 2. The costs of the Accounting Department at Central Hospital would be considered by the Surgery Department to A) direct costs B) indirect costs C) incremental costs D)...
The salary paid to the assembly line supervisor would normally be classified as: O An assembly...
The salary paid to the assembly line supervisor would normally be classified as: O An assembly cost. Direct labor. O A period cost O Indirect labor O A general cosh
The salary of a manufacturing plant manager will be included in manufacturing overhead. O True O...
The salary of a manufacturing plant manager will be included in manufacturing overhead. O True O False
Wages paid to a factory supervisor are treated as: a. a product cost but not as...
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....
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 is an example of a manufacturing overhead cost? Multiple Choice CEO's salary...
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 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.
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of indirect cost for the soccer equipment line is the material used to manufacture the soccer studs salary paid to plant supervisor labor to shape the leather used to make the soccer ball material used to make the soccer balls
Sales commissions Insurance costs for factory Freight-in (on raw materials) Utilities in factory Factory supervisor salary Depreciation on factory equipment Utilities in sales office Costs of delivery to customers Depreciation on sales office Lubricants used in factory equipment $7,200 $21,600 $3,600 $12,500 $60,800 $18,700 $26,200 $8,900 $1,600 $200 Manufacturing overhead costs for Rustic Living Furniture Company totaled O A. $81,100 O B. $152,100. O C. $173,900 OD. $221,400. Rustic Living Furniture Company manufactures furniture at its central Kentucky factory. Some...
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...
On a separate sheet, list the following questions by number, and select the best answer for each question. Choose only one answer for each question 1. All of the following costs would be found in a company's accounting records except A) sunk cost. 8) opportunity cost. C) indirect costs. D) direct costs 2. The costs of the Accounting Department at Central Hospital would be considered by the Surgery Department to A) direct costs B) indirect costs C) incremental costs D)...
The salary paid to the assembly line supervisor would normally be classified as: O An assembly cost. Direct labor. O A period cost O Indirect labor O A general cosh
The salary of a manufacturing plant manager will be included in manufacturing overhead. O True O False
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....
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 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 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.
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