Fixed Cost are costs which do not vary with the change in the volume of activity
so option C would be the correct option as it does not relate to units produced as it is a period cost, rest all cost are directly proportional to produced units or directly vary with the volume of activity.
Please check with your answer and let me know.
Which of the following is a fixed cost with respect to units produced in a factory?...
Following is the Costs for a month in which it produced 5000 units. Total Amount in OMR Direct Materials 20000 Insurance 2500 Supervisor Salaries 12000 Direct Labor 30000 Power 5000 Rent of factory building 14000 Which of the following is the estimated total cost for 12500 units? Select one: a. OMR 151500 b. OMR 183750 OC. OMR 156000 d. None of the options
The following costs relate to one month's activity in Martin Company: Indirect materials $300 Rent on factory building $500 Maintenance of equipment $50 Direct material used $1,200 Utilities on factory $250 Direct labour $1,500 Selling expense $500 Administrative expense $300 Work in process inventory, beginning $600 Work in process inventory, ending $800 Finished goods inventory, beginning $500 Finished goods inventory, ending $250 Required: a) Prepare a schedule of cost of goods manufactured in good form. b) Determine the cost of goods sold....
Which of the following is an example of a cost that is variable with respect to the number of units produced and sold? A) Insurance on the headquarters building. B) Power to run production equipment. C) Amortization of factory facilities. D) $1,188,756.
34. Which of the following is part of factory overhead cost? a. sales commissions b. depreciation of factory equipment and machines c. depreciation of sales person's vehicle d. direct materials used ANSWER: b 35. Which of the following manufacturing costs is an indirect cost of producing a product? a. oil lubricants used for factory machinery b. commissions for sales personnel c. hourly wages of an assembly worker d. memory chips for a microcomputer manufacturer 36. All of the following could...
Which of the following costs is least likely to be driven by machine usage? Select one: A. Depreciation on factory building B. Factory utilities C. Factory insurance D. Factory rent
Which of the following is a fixed factory overhead cost: office president's salary advertising expense direct labor costs factory building rent Question 3 (6 points) Costs of goods that have been started but not completed by the end of the period will be recorded as...? COGM Ending Inventory WIP Ending Inventory FG COGS
which of the following is considered a variable manufacturing overhead cost? Factory rent Direct labor c Factory utilities d. Direct materials Which of the following costs is considered a direct cost? Depreciation on machinery b. Glue used in the manufacturing process c. The superintendent's salary d. Factory insurance c. Assembly-line labor costs The cost of rent for a manufacturing plant is generally considered to be a: Fixed cost Overhead cost No Yes No No No Yes Yes Yes When production...
Question text Lance Production Company has the following information: Standard fixed factory overhead rates per direct labor-hour $1.50 Standard variable factory overhead rates per direct labor-hour $5.00 Actual number of units produced 6,000 units Actual factory overhead costs (includes $70,000 fixed) $78,000 Actual direct labor hours 6,000 hours Standard factory overhead rates are based on a normal monthly volume of 5,000 units (1 standard direct labor-hour per unit). What is Lance's variable overhead efficiency variance? Select one: A. $3,000 (F)...
Slappy Corporation leases its corporate headquarters building. This lease cost is fixed with respect to the company's sales volume. In a recent month in which the sales volume was 20,000 units, the lease cost was $482,000. To the nearest whole cent, what should be the average lease cost per unit at a sales volume of 19,200 units in a month? (Assume that this sales volume is within the relevant range.) Multiple Choice 528.52 a 52510 52460 Cobalt Company management has...
Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building $ 187,000 42,700 36,300 62,600 3,950 48,200 29,800 19,400 4,950 23, 800 117,000 ? The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materials Work in process Finished goods Beginning of Month $...