Accounting Questions and Graded Answers.
Which of the following would most likely not be included as manufacturing overhead in a
furniture factory? - the amount paid to the individual who stains a chair
The cost of direct materials are classified as: - No-Conversion cost
Yes- Manufacturing Cost
Yes- Prime Cost
Manufacturing Overhead includes: - all manufacturing costs except direct labor and direct
materials
Materials used in a factory that are not an integral part of the final product, such as disposable
gloves to protect workers hands, should be classified as: - manufacturing overhead
A factory supervisors wages are classified as: - Yes-Indirect labor
Yes-Manufacturing overheads
Which of the following costs is classified as both a prime cost and conversion cost? -
Direct Labor
All of the following are examples of product costs expect: - depreciation on the company's
retail outlets
Which of the following statements is correct in describing manufacturing overhead? -
Manufacturing overhead consists of all manufacturing cost expect for prime cost
Perteet Corp. relevant range of activity is 3,000 units to 7,000 units. When ir produces and sells
5,000 units, its average costs per unit are as follows:
, If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: -
5,000(Fixed manufacturing overhead 3) + (Variable manufacturing overhead 1.60) 4,000=
21,400
Property Taxes on a company's factory building would be classified as an: - product cost
Overheads= - Utilities, factory
Indirect Labor
Depreciation of production equipment
Total Product Cost for listed above= - Direct materials
Utilities, factory
Indirect labor
Depreciation of production equipment
Direct labor
Rotonga Manufacturing Company leases a vehicle to deliver its finished products to customers.
Which of the following terms correctly describes the monthly lease payments made on the
delivery vehicle? - period and fixed cost
A variable cost remains constant if expressed on a unit basis - True
A decrease in production will ordinarily result in a decrease in fixed production costs per unit. -
False
The following costs were incurred in May:
Which of the following would most likely not be included as manufacturing overhead in a
furniture factory? - the amount paid to the individual who stains a chair
The cost of direct materials are classified as: - No-Conversion cost
Yes- Manufacturing Cost
Yes- Prime Cost
Manufacturing Overhead includes: - all manufacturing costs except direct labor and direct
materials
Materials used in a factory that are not an integral part of the final product, such as disposable
gloves to protect workers hands, should be classified as: - manufacturing overhead
A factory supervisors wages are classified as: - Yes-Indirect labor
Yes-Manufacturing overheads
Which of the following costs is classified as both a prime cost and conversion cost? -
Direct Labor
All of the following are examples of product costs expect: - depreciation on the company's
retail outlets
Which of the following statements is correct in describing manufacturing overhead? -
Manufacturing overhead consists of all manufacturing cost expect for prime cost
Perteet Corp. relevant range of activity is 3,000 units to 7,000 units. When ir produces and sells
5,000 units, its average costs per unit are as follows:
, If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: -
5,000(Fixed manufacturing overhead 3) + (Variable manufacturing overhead 1.60) 4,000=
21,400
Property Taxes on a company's factory building would be classified as an: - product cost
Overheads= - Utilities, factory
Indirect Labor
Depreciation of production equipment
Total Product Cost for listed above= - Direct materials
Utilities, factory
Indirect labor
Depreciation of production equipment
Direct labor
Rotonga Manufacturing Company leases a vehicle to deliver its finished products to customers.
Which of the following terms correctly describes the monthly lease payments made on the
delivery vehicle? - period and fixed cost
A variable cost remains constant if expressed on a unit basis - True
A decrease in production will ordinarily result in a decrease in fixed production costs per unit. -
False
The following costs were incurred in May:
