Option D Cannot say. Cost Accountant in a manufacturig plant may be a line position or staff position also or it can be both also.A Cost Accountant is responsible for the reduction of a company’s financial waste and increasing profits. Duties include determining actual costs of manufacturing or providing a service, scrutinizing associated company expenses, analyzing profitability and preparing the company budget. To effectively achieve financial objectives, Cost Accountants are required to work closely with management.
So, here it is found that a cost accountant has to work as staff member to prepare company budget, cost statements,work with management, etc. on the other hand cost account is the part of manufacturing department to assist the cost reduction techniques. a cost accountant may perform any one of the task or both also.
Option b.
Cost accountant aids the manufacturing dept. and the Management in ascertaining product costs, areas of and actions needed for reduction of costs mainly besides some other activities of budgeting etc. It is usually a staff position.
Cost accountants in the manufacturing plant is a a. Line position b. Staff position C. Line...
7. A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of a direct cost for the golf equipment line is A) beverages provided daily in the plant break room for the entire staff B) monthly lease payments for a specialized piece of equipment needed to manufacture the golf driver C) salaries of the clerical staff that work in the company administrative offices D) overheads incurred in producing both golf and soccer equipment
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...
(b) Explain how accountants know if they're measuring profitability and financial position "properly".
Which of the following is a manufacturing overhead cost for a car assembly plant: A. Assembly workers' wages B. Cost of engines and transmissions for cars C. Maintenance costs for production equipment D. Cost of steel used to make car bodies E. Both C and D
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...
2-33 Inventoriable versus period costs. The following items appear as cost of a manufacturing company: A. Depreciation on plant and equipment B. Depreciation on delivery vans C. Insurance on plant and building D. Marketing manager's salary E. Raw materials E Manufacturing overheads G. Electricity bill for the residential quarters H. Production staff wages 1. Identify the following as either an inventoriable product cost or a period cost. 2. Using the following information, compute the cost of goods manufactured: 3. Direct...
2. Direct Labor Costs + Manufacturing Overhead: a. Conversion Cost b. Prime Cost c. Manufacturing Overhead d. Work in Process
Rauschenberg Manufacturing is investigating which locations would best position its new plant relative to three important customers (located in cities A, B, and C). As shown in the table below, all three customers require multiple daily deliveries. Management limited the search for this plant to those three locations and compiled the following information Location Deliveries per day x-coordinate y-coordinate A 9 100 100 B 8 400 200 C 7 300 400 Which of these three locations yields the smallest total...
✓ Saved Question 8 (2.5 points) A chair manufacturing plant has two separate assembly lines: recliners and rockers. Using each assembly line as a cost object, which of the following classification is incorrect? a) Dor! For V - V Electricity for recliner line (billed for the plant) b) D or For V F Annual insurance for the plant Dor For V D V Hourly wages paid temporary recliner line workers d) D or For V D F Salary of PR...
Folding Hinge Sliding Mechanism Design Design Manufacturing Plant Manufacturing Plant Fixed Cost (£) 355,000 855,000 Cost per unit production (E/unit) 230 150 Revenue per unit E/unit) 650 550 Daily production capacity 120 150 (maximum number of units per day assuming no defects) 1) A manufacturer of collapsible bicycles has developed two design options for city commuters. Each design option requires different manufacturing plants because one design option is for a foldable hinge design and the other design option is for...