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3. Which of the following would not be used to describe direct labour? a) Conversion cost...
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost?
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost? A) Depreciation of factory equipment. B) Wages of salespersons C) Wages of machine operators D) Wages of machine operators2. The advertising costs incurred by Pepsi to air its commercials during the hockey season can best be described as A) Fixed cost B) Variable cost C) Prime cost D) Conversion cost 3. How would the wages of factory maintenance personnel usually be classified? A) Direct labour and manufacturing overhead B) Indirect labour and manufacturing overhead C) Direct...
1. Which of the following costs are conversion costs? a. direct materials cost and factory overhead...
1. Which of the following costs are conversion costs? a. direct materials cost and factory overhead cost b. direct labor cost and factory overhead cost c. factory overhead cost d. direct materials cost and direct labor cost 2. Given the following data: Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor costs 4,000 Cost of goods manufactured 8,000 Factory overhead 8,000 Direct materials used is a. $2,000 b. $4,000 c. $14,000 d. $8,000 3. Prime...
g. Which of the following are included in manufacturing overhead? 1) All direct material, direct labour,...
g. Which of the following are included in manufacturing overhead? 1) All direct material, direct labour, and administrative costs 2) All manufacturing costs except direct labour 3) All manufacturing costs except direct labour and direct materials 4) All selling and administrative costs h. Which of the following statements describes the treatment of period costs? 1) They will never constitute part of the cost of goods manufactured statement but will always be part of the income statement. 2) They will always...
Which of the following is normally included in product cost under the variable costing method? A)...
Which of the following is normally included in product cost under the variable costing method? A) Direct materials cost, direct labour cost, but NOT manufacturing overhead cost. Direct materials cost, direct labour cost, and variable manufacturing B) overhead cost. C) Prime cost but NOT conbersion cost. D) Prime cost and all conversion cost.
Which terms below correctly describe the cost of wages used in the assembly of automobiles? Choice...
Which terms below correctly describe the cost of wages used in the assembly of automobiles? Choice A Choice B Choice C Choice D Conversion Cost No Yes No Yes Prime Cost Yes Yes Yes No Product Cost Yes Yes Yes Yes Variable Cost No Yes No Yes A. Choice B B. Choice C OC. Choice A OD. Choice D
2.Which of the following costs is both a prime cost and a conversion cost? direct materials...
2.Which of the following costs is both a prime cost and a conversion cost? direct materials direct labor manufacturing overhead administrative costs
The actual cost of direct labour per hour is $13.00. Two standard direct labour hours are allowed per finished good. Du...
The actual cost of direct labour per hour is $13.00. Two standard direct labour hours are allowed per finished good. During the current period, 2,000 finished goods were produced using 3,800 direct labour hours. The direct labour efficiency variance is $1,300, favourable. Which one of the following amounts is the standard direct labour rate per hour for the period?. A. $6.50 B. $10.00 C. $13.00 D. $26.00
Which of the following would be classified as a prime cost? O A. cost of direct...
Which of the following would be classified as a prime cost? O A. cost of direct materials used B. salary of sales personnel O C. depreciation on factory equipment OD. depreciation on office furniture
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 costs would be included in the conversion costs for a cost of...
Which of the following costs would be included in the conversion costs for a cost of production report? A. Direct Labor and Manufacturing Overhead B. Direct Materials, Direct Labor, and Manufacturing Overhead C. Direct Materials D. Manufacturing overhead E. Direct Labor
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost? A) Depreciation of factory equipment. B) Wages of salespersons C) Wages of machine operators D) Wages of machine operators2. The advertising costs incurred by Pepsi to air its commercials during the hockey season can best be described as A) Fixed cost B) Variable cost C) Prime cost D) Conversion cost 3. How would the wages of factory maintenance personnel usually be classified? A) Direct labour and manufacturing overhead B) Indirect labour and manufacturing overhead C) Direct...
Which of the following is normally included in product cost under the variable costing method? A) Direct materials cost, direct labour cost, but NOT manufacturing overhead cost. Direct materials cost, direct labour cost, and variable manufacturing B) overhead cost. C) Prime cost but NOT conbersion cost. D) Prime cost and all conversion cost.
Which terms below correctly describe the cost of wages used in the assembly of automobiles? Choice A Choice B Choice C Choice D Conversion Cost No Yes No Yes Prime Cost Yes Yes Yes No Product Cost Yes Yes Yes Yes Variable Cost No Yes No Yes A. Choice B B. Choice C OC. Choice A OD. Choice D
Which of the following would be classified as a prime cost? O A. cost of direct materials used B. salary of sales personnel O C. depreciation on factory equipment OD. depreciation on office furniture
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