Managerial Accounting for Managers Edition 6 by Noreen
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CORRECT ANSWERS ARE LOCATED IN THE 2ND HALF OF THIS DOC.
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MULTIPLE CHOICE - Choose the one alternative that best completes the
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statement or
p p p
answers the question. p p p
1) Which of the following statements are true?
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1. A factory supervisor's salary would be classified as an indirect cost
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with respect to a unit
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of product.
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2. A direct cost is a cost that can be easily traced to the particular cost
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object under
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consideration. p
3. A cost can be direct or indirect. The classification can change if the
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cost object changes.
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A) Only statement I is true.
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B) Statements I and II are true.
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C) All of the statements are true.
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D) None of the statements are true.
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p
2) Which of the following statements are true?
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1. Wages paid to production supervisors would be classified as
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manufacturing overhead.
p p p
2. Indirect costs, such as manufacturing overhead, are variable costs.
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,3. Selling costs are indirect costs.
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4. Administrative costs are indirect costs.
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A) Only statement I is true.
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B) Statements I and III are true.
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C) All statements are true.
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D) None of the statements are true.
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p
3) Which of the following statements are true?
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1. The sum of all manufacturing costs except for direct materials and
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direct labor is called
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manufacturing overhead. p p
2. The three cost elements ordinarily included in product costs are
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direct materials, direct
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labor, and manufacturing overhead.
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A) Only statement I is true.
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B) Only statement II is true.
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C) Both of the statements are true.
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D) Neither of the statements are true.
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p
ACCESS Test Bank for Managerial Accounting for Managers 6th Edition
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mynursytest.store
Managerial Accounting for Managers Edition 6 by Noreen
p p p p p p p p
Version 1 p p
p
p
p
p
p
p
p
p
p
p
2 p
, 4) Which of the following statements are true?
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1. Depreciation is always considered a period cost for external financial
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reporting purposes
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in a manufacturing company.
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2. Depreciation on equipment a company uses in its selling and
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administrative activities
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would be classified as a period cost.
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A) Only statement I is true.
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B) Only statement II is true.
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C) Both of the statements are true.
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D) Neither of the statements are true.
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p
5) Which of the following statements are true?
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1. Conversion cost is the sum of direct labor cost and manufacturing
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overhead cost.
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2. Conversion cost is the same thing as manufacturing overhead.
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3. Conversion cost equals product cost less direct materials cost.
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A) Only statement I is true.
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B) Statements I and III are true.
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C) All statements are true.
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D) None of the statements are true.
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p
6) Which of the following statements are true?
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1. In a manufacturing company, all costs are period costs.
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2. Selling and administrative expenses are period costs under generally
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accepted accounting
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principles. p
3. The cost of shipping parts from a supplier is considered a period cost.
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p p p p p p p p
,Version 1 p p
p
p
p
p
p
p
p
p
p
p
1 p
CORRECT ANSWERS ARE LOCATED IN THE 2ND HALF OF THIS DOC.
p p p p p p p p p p p
MULTIPLE CHOICE - Choose the one alternative that best completes the
p p p p p p p p p p
statement or
p p p
answers the question. p p p
1) Which of the following statements are true?
p p p p p p p p
1. A factory supervisor's salary would be classified as an indirect cost
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with respect to a unit
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of product.
p p
2. A direct cost is a cost that can be easily traced to the particular cost
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object under
p p p
consideration. p
3. A cost can be direct or indirect. The classification can change if the
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cost object changes.
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A) Only statement I is true.
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B) Statements I and II are true.
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C) All of the statements are true.
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D) None of the statements are true.
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p
2) Which of the following statements are true?
p p p p p p p p
1. Wages paid to production supervisors would be classified as
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manufacturing overhead.
p p p
2. Indirect costs, such as manufacturing overhead, are variable costs.
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,3. Selling costs are indirect costs.
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4. Administrative costs are indirect costs.
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A) Only statement I is true.
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B) Statements I and III are true.
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C) All statements are true.
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D) None of the statements are true.
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p
3) Which of the following statements are true?
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1. The sum of all manufacturing costs except for direct materials and
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direct labor is called
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manufacturing overhead. p p
2. The three cost elements ordinarily included in product costs are
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direct materials, direct
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labor, and manufacturing overhead.
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A) Only statement I is true.
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B) Only statement II is true.
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C) Both of the statements are true.
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D) Neither of the statements are true.
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p
ACCESS Test Bank for Managerial Accounting for Managers 6th Edition
p p p p p p p p p
pppppppppppppppppppppppppppppp Noreen
mynursytest.store
Managerial Accounting for Managers Edition 6 by Noreen
p p p p p p p p
Version 1 p p
p
p
p
p
p
p
p
p
p
p
2 p
, 4) Which of the following statements are true?
p p p p p p p p
1. Depreciation is always considered a period cost for external financial
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reporting purposes
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in a manufacturing company.
p p p p
2. Depreciation on equipment a company uses in its selling and
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administrative activities
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would be classified as a period cost.
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A) Only statement I is true.
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B) Only statement II is true.
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C) Both of the statements are true.
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D) Neither of the statements are true.
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p
5) Which of the following statements are true?
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1. Conversion cost is the sum of direct labor cost and manufacturing
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overhead cost.
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2. Conversion cost is the same thing as manufacturing overhead.
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3. Conversion cost equals product cost less direct materials cost.
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A) Only statement I is true.
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B) Statements I and III are true.
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C) All statements are true.
p p p p p
D) None of the statements are true.
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p
6) Which of the following statements are true?
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1. In a manufacturing company, all costs are period costs.
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2. Selling and administrative expenses are period costs under generally
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accepted accounting
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principles. p
3. The cost of shipping parts from a supplier is considered a period cost.
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