Accounting 201 Final || Questions and Answers.
Indicate the appropriate classification(s) for the cost:
The cost of a hard drive installed in a computer. correct answers Direct materials cost
Indicate the appropriate classification(s) for the cost:
The cost of advertising in the Puget Sound Computer User newspaper. correct answers Selling
cost
Indicate the appropriate classification(s) for the cost:
The wages of employees who assemble computers from components. correct answers Direct
labor cost
Indicate the appropriate classification(s) for the cost:
Sales commissions paid to the company's salespeople. correct answers Selling Cost,
Administrative Cost
Indicate the appropriate classification(s) for the cost:
The wages of the assembly shop's supervisor. correct answers Manufacturing overhead cost
Indicate the appropriate classification(s) for the cost:
The wages of the company's accountant. correct answers Administrative cost
Indicate the appropriate classification(s) for the cost:
Depreciation on equipment used to test assembled computers before release to customers. correct
answers Manufacturing overhead cost
Indicate the appropriate classification(s) for the cost:
, Rent on the facility in the industrial park. correct answers Selling Cost, Manufacturing overhead
cost
Product or Period Cost:
Depreciation on salespersons' cars correct answers Period
Product or Period Cost:
Rent on equipment used in the factory. correct answers Product
Product or Period Cost:
Lubricants used for machine maintenance. correct answers Product
Product or Period Cost:
Salaries of personnel who work in the finished goods warehouse. correct answers Period
Product or Period Cost:
Soap and paper towels used by factory workers at the end of a shift. correct answers Product
Product or Period Cost:
Factory supervisors' salaries. correct answers Product
Product or Period Cost:
Heat, water, and power consumed in the factory. correct answers Product
Product or Period Cost:
Materials used for boxing products for shipment overseas.(Units are not normally boxed.) correct
answers Period
Indicate the appropriate classification(s) for the cost:
The cost of a hard drive installed in a computer. correct answers Direct materials cost
Indicate the appropriate classification(s) for the cost:
The cost of advertising in the Puget Sound Computer User newspaper. correct answers Selling
cost
Indicate the appropriate classification(s) for the cost:
The wages of employees who assemble computers from components. correct answers Direct
labor cost
Indicate the appropriate classification(s) for the cost:
Sales commissions paid to the company's salespeople. correct answers Selling Cost,
Administrative Cost
Indicate the appropriate classification(s) for the cost:
The wages of the assembly shop's supervisor. correct answers Manufacturing overhead cost
Indicate the appropriate classification(s) for the cost:
The wages of the company's accountant. correct answers Administrative cost
Indicate the appropriate classification(s) for the cost:
Depreciation on equipment used to test assembled computers before release to customers. correct
answers Manufacturing overhead cost
Indicate the appropriate classification(s) for the cost:
, Rent on the facility in the industrial park. correct answers Selling Cost, Manufacturing overhead
cost
Product or Period Cost:
Depreciation on salespersons' cars correct answers Period
Product or Period Cost:
Rent on equipment used in the factory. correct answers Product
Product or Period Cost:
Lubricants used for machine maintenance. correct answers Product
Product or Period Cost:
Salaries of personnel who work in the finished goods warehouse. correct answers Period
Product or Period Cost:
Soap and paper towels used by factory workers at the end of a shift. correct answers Product
Product or Period Cost:
Factory supervisors' salaries. correct answers Product
Product or Period Cost:
Heat, water, and power consumed in the factory. correct answers Product
Product or Period Cost:
Materials used for boxing products for shipment overseas.(Units are not normally boxed.) correct
answers Period
