QUESTION 9 Which of the following would be considered an actual cost of a current period?...
QUESTION 9 Which of the following would be considered an actual cost of a current period? The $25 of materials in a manufactured chair that is ready to be shipped to the customer The $22 of direct material cost per unit assumed in the actual budget of a manufacturer of chairs The expected cost of materials for a chair as a repult of engineering specifications The average of historical material cost data for a chair manufactured in several past accounting...
QUESTIONS 2 points Which of the town would be considered an actual cost of a current period The 25 of materials in a manufactured chair that is ready to be shipped to the customer The 5:22 of direct material cost per unit assumed in the actual budget of a manufacturer of chairs The expected cost of materials for a chair as a result of engineering specifications The average of historical material cost data for a chair manufactured in several past...
Which of the following would be considered a period cost for a manufacturing company? O A. indirect materials O B. direct labor O C. sales salaries OD. factory utilities Cick to select your answer MacBoo esc FI DDD F3 ODD 54 ta $ %
Which of the following would be considered a nonmanufacturing (period) cost? a. The cost of an advertising campaign to launch a new product. b. The hourly wages of the workers who make the product. c. The cost of materials used to make the product. d. The utilities cost for the factory where the product is made. .
Mastery Problem: Manufacturing Cost Variance (Actual Costs Compared to Standard Costs) Manufacturing cost variances may come from material costs that are higher or lower than expected, material usage that is not what was expected, higher or lower labor costs than expected, or more or less time spent to produce an item than expected. Overhead cost and volume variances are another cause for costs to be higher or lower than what was expected. The total manufacturing variance can be broken down...
Which of the following would not be considered a product cost? Multiple Choice Direct material costs. Factory supervisor's salary. Direct labor costs. Budget accountant's salary. Manufacturing overhead costs.
Mastery Problem: Manufacturing Cost Variance (Actual Costs Compared to Standard Costs) Manufacturing cost variances may come from material costs that are higher or lower than expected, material usage that is not what was expected, higher or lower labor costs than expected, or more or less time spent to produce an item than expected. Overhead cost and volume variances are another cause for costs to be higher or lower than what was expected. The total manufacturing variance can be broken down...
QS 8-9 Materials cost variances LO P2 For the current period, Kayenta Company's manufacturing operations yield a $4,000 unfavorable price variance on its direct materials usage. The actual price per pound of material is $86, the standard price is $85.50 per pound. How many pounds of material were used in the current period? Actual pounds used pounds
2. Saldly UI CICILIUM Instructions Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Use the following tabular headings for your answer, placing an "X" in the appropriate column: Product Costs Period Costs Direct Direct Factory Materials Labor Overhead Selling Administrative Cast Cost Cost Cost...
Use the information below to answer the following three questions: For its first period of operations, Keenia Corporation, a new start-up using job-order costing, used a predetermined overhead rate of 200% of Direct Labor Cost. Actual results for its first period are as follows: Direct Labor Cost $ 100,000 Total Manufacturing Cost $ 660,000 Cost of Goods Manufactured $ 440,000 Ending Raw Materials Inventory (all direct material) $ 12,000 12 For the period, purchases of Raw Materials (which are all...