Which of the following can be considered as variable cost? Select one: A. Direct Material and Manufacturing overhead. B...
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...
Property taxes incurred on the factory would be considered a(n): A. Manufacturing overhead cost B. Direct material cost C. Period cost D. Direct cost Denim used to manufacture jeans would be considered a(n): A. Indirect material cost B. Direct material cost C. Manufacturing overhead cost D. Period cost Assembly line worker's wages would be considered a(n): A. Indirect cost B. Direct labor cost C. Manufacturing overhead cost D. Period cost Depreciation on printers at sales office would be considered a(n):...
Select the correct definition for the following costs. Direct material costs Direct manufacturing-labor costs Manufacturing overhead costs Prime costs Conversion costs A. All direct manufacturing costs. B. All manufacturing costs other than direct material costs. C. Compensation of all manufacturing labor that can be traced to the cost object. D. Costs of all materials that can be traced to the cost object. E. All manufacturing costs related to the cost object but cannot be traced to the cost object
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: Direct materials: 6 kg at $9.00 per kg Direct labour: 3 hours at $15 per hour Variable overhead: 3 hours at $5 per hour $ 54.00 45.00 15.00 Total standard cost per unit $ 114.00 The company planned to produce and sell 20,000 units in March. However, during March the company actually produced and...
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.
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...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: Direct materials: 6 kg at $8.00 per kg $ 48.00 Direct labour: 4 hours at $13 per hour 52.00 Variable overhead: 4 hours at $5 per hour 20.00 Total standard cost per unit $ 120.00 The company planned to produce and sell 20,000 units in March. However, during March the company actually produced and...
Direct material = $7 Direct Labor = $4 Variable Manufacturing Overhead = $2 Fixed Manufacturing Overhead = $3 Fixed Selling Expense = $3 Fixed Admin Expense = $2 Sales commission = $1 Variable Admin Expense $.50 If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced?
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: 55.00 36.00 Direct materials: 5 $ kg at $11.00 per kg Direct labour: 3 hours at $12 per hour Variable overhead: 3 hours at $7 per hour 21.00 $ 112.00 Total standard cost per unit The company planned to produce and sell The company planned to produce and sell 21,000 units in March. However,...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: 55.00 36.00 Direct materials: 5 $ kg at $11.00 per kg Direct labour: 3 hours at $12 per hour Variable overhead: 3 hours at $7 per hour 21.00 $ 112.00 Total standard cost per unit The company planned to produce and sell The company planned to produce and sell 21,000 units in March. However,...