Accounting 231 Chapter 4 Question
and answers rated A+ 2025/2026
Which of the following items would not be classified as direct material for Dole Food Company? - correct
answer ✔Stainless steel pots
Which of the following items would be classified as direct material for Dole Food Company? - correct
answer ✔Pineapple
Sugar
Glass jars
Which of the following is an example of direct labor for Dole Food Company? - correct answer ✔fruit
picker
Which of the following is an example of direct labor for Toyota Motor Company? - correct answer
✔assembly line worker
Oil to keep the factory machinery lubricated is an example of: - correct answer ✔Indirect Material: Yes
& Overhead: Yes
Wages of sewing machine operators making baseball jerseys is an example of: - correct answer ✔Direct
Labor: Yes & Period Cost: No
Janitorial supplies used in the factory restrooms is an example of: - correct answer ✔Direct Material:
No & Product Cost: Yes
Which of the following is not associated with period costs? - correct answer ✔Creation of overhead
, Wages of the president of the company is an example of: - correct answer ✔Indirect Labor: No &
Period Cost: Yes
The cost of storing finished goods inventory is an example of - correct answer ✔Period Cost: Yes &
Overhead: No
Any costs that a company incurs to acquire raw materials and convert them to finished goods ready for
sale are referred to as - correct answer ✔manufacturing costs
Manufacturing costs are first recorded as an asset on the balance sheet and then expensed on the
income statement at the time - correct answer ✔they are sold
Costs a company incurs that are not product costs are referred to as - correct answer ✔period costs
Period costs are expensed when they are - correct answer ✔incurred
Finished Goods Inventory includes which of the following costs? - correct answer ✔Direct material
Direct labor
Overhead
Which of the following is not classified as a variable product cost? - correct answer ✔sales commission
Which of the following are classified as a variable product cost? - correct answer ✔Indirect materials
Direct materials
Electricity
Which of the following is not classified as a fixed product cost? - correct answer ✔Electricity
and answers rated A+ 2025/2026
Which of the following items would not be classified as direct material for Dole Food Company? - correct
answer ✔Stainless steel pots
Which of the following items would be classified as direct material for Dole Food Company? - correct
answer ✔Pineapple
Sugar
Glass jars
Which of the following is an example of direct labor for Dole Food Company? - correct answer ✔fruit
picker
Which of the following is an example of direct labor for Toyota Motor Company? - correct answer
✔assembly line worker
Oil to keep the factory machinery lubricated is an example of: - correct answer ✔Indirect Material: Yes
& Overhead: Yes
Wages of sewing machine operators making baseball jerseys is an example of: - correct answer ✔Direct
Labor: Yes & Period Cost: No
Janitorial supplies used in the factory restrooms is an example of: - correct answer ✔Direct Material:
No & Product Cost: Yes
Which of the following is not associated with period costs? - correct answer ✔Creation of overhead
, Wages of the president of the company is an example of: - correct answer ✔Indirect Labor: No &
Period Cost: Yes
The cost of storing finished goods inventory is an example of - correct answer ✔Period Cost: Yes &
Overhead: No
Any costs that a company incurs to acquire raw materials and convert them to finished goods ready for
sale are referred to as - correct answer ✔manufacturing costs
Manufacturing costs are first recorded as an asset on the balance sheet and then expensed on the
income statement at the time - correct answer ✔they are sold
Costs a company incurs that are not product costs are referred to as - correct answer ✔period costs
Period costs are expensed when they are - correct answer ✔incurred
Finished Goods Inventory includes which of the following costs? - correct answer ✔Direct material
Direct labor
Overhead
Which of the following is not classified as a variable product cost? - correct answer ✔sales commission
Which of the following are classified as a variable product cost? - correct answer ✔Indirect materials
Direct materials
Electricity
Which of the following is not classified as a fixed product cost? - correct answer ✔Electricity
