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Which of the following would be classified as a prime cost? O A. cost of direct...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct labor c. Manufacturing overhead. Write the appropriate letter in the space provided. A Factory machinery lubricants B. Depreciation on manufacturing building D. Wood used in manufacturing furniture C. Assembly line worker's wages Salaries for the night security guards for the factory building Glue, nails and other small parts used in production Insurance on factory machines Factory supervisor's salaries Metal used in manufacturing process -...
QUESTION 8 Which of the following employees of a commercial printer/publisher would be classified as direct...
QUESTION 8 Which of the following employees of a commercial printer/publisher would be classified as direct labor? O Book binder. O Plant security guard O Sales representative Plant supervisor. O Payroll supervisor QUESTION 9 4 points Save Which of the following is not a period cost? O Legal costs O Public relations costs O Sales commissions. O Wages of assembly-line workers. O The salary of a company's chief financial officer (CFO) QUESTION 10 Materials used in the operation of a...
34. Which of the following is part of factory overhead cost? a. sales commissions b. depreciation of f...
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...
5) Which of the following would NOT be a cost that could be directly traced to...
5) Which of the following would NOT be a cost that could be directly traced to a custom piece of furniture based upon physical observation? a) The wood and upholstery materials that are in the final plece. bl.The depreciation on factory equipment. Sl.The.labor of the wacket assembling the piece. at furniture d) The labor of the woodworker who finishes the wood of the piece. Answer: _(2 points) 6) Which of the following items would NOT be classified as part of...
Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the...
Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: E: (Click the icon to view the data.) Data Table Prime costs for Country Furniture Company totaled $ O A. $378,600 O B. $93,100. O C. $209,000 OD. $212,200 Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture...
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from...
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: LA Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers 9,900 16,400 50,000 23,000 3,100 21,500 115,000 10,700 3,100 9,000 O A. $82,000 OB. $92,700 O C. $95,800...
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
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...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,000 38,000 22,000 December 31, 2020 50,000 41,000 34,000 The following information was taken from XYZ Company's accounting recor for 2020: $630,000 Sales revenue Direct materials purchased .... Depreciation, factory equipment ...... Prime costs ....... Utilities (60% for factory; 40% for office building) Sales commissions Indirect materials ....... Depreciation, office equipment Rent, factory building Direct Labor...
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from...
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $ 9,900 Depreciation on factory equipment 16,400 Factory supervisor salary 50,800 Sales commissions 23,400 Lubricants used in factory equipment 3,100 Insurance costs for factory 21,900 Wages paid to maintenance workers 115,400 Fabric used to upholster furniture 10,300 Freight - in (on raw materials) 3,700 Costs of delivery to customers 9,700 O A. $82,100. B. $10,300 O...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct labor c. Manufacturing overhead. Write the appropriate letter in the space provided. A Factory machinery lubricants B. Depreciation on manufacturing building D. Wood used in manufacturing furniture C. Assembly line worker's wages Salaries for the night security guards for the factory building Glue, nails and other small parts used in production Insurance on factory machines Factory supervisor's salaries Metal used in manufacturing process -...
QUESTION 8 Which of the following employees of a commercial printer/publisher would be classified as direct labor? O Book binder. O Plant security guard O Sales representative Plant supervisor. O Payroll supervisor QUESTION 9 4 points Save Which of the following is not a period cost? O Legal costs O Public relations costs O Sales commissions. O Wages of assembly-line workers. O The salary of a company's chief financial officer (CFO) QUESTION 10 Materials used in the operation of a...
5) Which of the following would NOT be a cost that could be directly traced to a custom piece of furniture based upon physical observation? a) The wood and upholstery materials that are in the final plece. bl.The depreciation on factory equipment. Sl.The.labor of the wacket assembling the piece. at furniture d) The labor of the woodworker who finishes the wood of the piece. Answer: _(2 points) 6) Which of the following items would NOT be classified as part of...
Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: E: (Click the icon to view the data.) Data Table Prime costs for Country Furniture Company totaled $ O A. $378,600 O B. $93,100. O C. $209,000 OD. $212,200 Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture...
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: LA Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers 9,900 16,400 50,000 23,000 3,100 21,500 115,000 10,700 3,100 9,000 O A. $82,000 OB. $92,700 O C. $95,800...
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...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,000 38,000 22,000 December 31, 2020 50,000 41,000 34,000 The following information was taken from XYZ Company's accounting recor for 2020: $630,000 Sales revenue Direct materials purchased .... Depreciation, factory equipment ...... Prime costs ....... Utilities (60% for factory; 40% for office building) Sales commissions Indirect materials ....... Depreciation, office equipment Rent, factory building Direct Labor...
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $ 9,900 Depreciation on factory equipment 16,400 Factory supervisor salary 50,800 Sales commissions 23,400 Lubricants used in factory equipment 3,100 Insurance costs for factory 21,900 Wages paid to maintenance workers 115,400 Fabric used to upholster furniture 10,300 Freight - in (on raw materials) 3,700 Costs of delivery to customers 9,700 O A. $82,100. B. $10,300 O...
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