Recent Question

Which of the following costs is an indirect product cost 1. Whichofthefollowingcostsincurredbyafurnituremanufacturerwouldbeaproductcost? a. officesalaries b. lumber c. commissionspaidtosalesstaff d. controller'ssalary 2. Whichofthefollowingcostsisaproductcost? a. leasepaymentsoncarsusedbysalespersons b. president'ssalary c. propertytaxesonfactorybuilding d. depreciationonofficeequipment 3. Whichofthefollowingcostsisaperiodco ...

Other / Other 27 May 2016

Which of the following costs is an example of product costs 1. Value-chainproductcostsincludewhichofthefollowing? a. customerservicecosts b. marketingcosts c. researchanddevelopment d. alloftheabove 2. WhichofthefollowingcostswouldNOTbeincludedinoperatingproductcosts? a. production b. marketing c. researchanddevelopment d. alloftheabove 3. Whichofthefollowingcostswouldbeincludedintraditionalproductcostsusedforexternalreporti ...

Other / Other 27 May 2016

Whichofthefollowingcostswouldbeconsideredadirectmaterial 1. Ifthetotalwarehousingcostfortheyearamountsto$450,000,and40percentofthewarehousingactivityisassociatedwithfinishedgoodsand60percentwithdirectmaterials,howmuchofthecostwouldbechargedasaproductcost? a.$90,000 b.$180,000 c.$270,000 d.$450,000 2. Whichofthefollowingcostswouldbeincludedaspartofdirectmaterialsintheproductionofanautomobile? a. glueforastickerappliedtotheautomob ...

Other / Other 27 May 2016

Wagespaidtoajanitorinthefactorywouldbeclassifiedas 1. Whichofthefollowingcostswouldbeincludedaspartofdirectlabor? a. amaterialshandler b. acutterintheproductionofshelving c. anassembly-linesupervisor d. ajanitor 2. Whichofthefollowingcostswouldbeincludedaspartoffactoryoverhead? a. depreciationofplantequipment b. directlabor c. depreciationonthecorporation'sofficebuilding d. paperusedintheproductionofbooks 3. Whichofthefollowi ...

Other / Other 27 May 2016

Which of the following costs would be included in value- chain product costs 1. Withregardtoservices,inseparabilitymeansthat a. productscannotbestored. b. directcontactmusttakeplaceforanexchange. c. productshaveaphysicalpresence. d. noneoftheaboveapplytoinseparability. 2. Anexampleofaservice,ratherthanatangibleproduct,wouldbe a. medicalexams. b. cloths. c. trucks. d. radios. 3. Whichofthefollowingisaserviceorganization? a. ...

Other / Other 27 May 2016

Whichofthefollowingcostsisaperiodcost 1. Sellingandadministrativecostsareclassifiedas a. productcosts. b. conversioncosts. c. periodcosts. d. factoryoverhead. 2. WhichofthefollowingcostsisNOTaperiodcost? a. receptionist'ssalary b. steelusedinsteelrailings c. depreciationonsalesstaffs'cars d. salescommission 3. Whichofthefollowingcostsisaperiodcost ? a. depreciationoffactoryequipment b. transportation-informaterialshipments ...

Other / Other 27 May 2016

ThefollowingcostswereincurredbytheAwesomeCompany 1. ThefollowingcostswereincurredbytheAwesomeCompany: Directlabor $600,000 Directmaterialpurchases 555,000 Depreciationonplant 30,000 Factorysupervisor'ssalary 75,000 Plantmaintenance 15,000 Plantutilities 27,000 Sales 1,950,000 Sellingandadministrativeexpenses 300,000 Beginningdirectmaterialsinventory 51,000 Beginningwork-in-processinventory 24,000 Beginningfinishedgoodsinventor ...

Other / Other 27 May 2016

Which costs will the production manager collect from the value chain 1. BigFootAthleticsdesignsandmanufacturesrunningshoes.Anewmodelofshoes,FastTrack,hasbeendevelopedandisreadyforproduction. Required: Which costs will the production manager collect from the value chain, and how would these costs be used in different decisions? a. traditionalproductcosts b. operatingproductcosts c. value-chainproductcosts Business Management ...

Other / Other 27 May 2016

What are the prime costs, conversion costs, and period costs 1. ThecostofgoodssoldfortheImmaculateCorporationforthemonthofApril2016was$450,000.Work-in-processinventoryattheendofAprilwas95percentofthework-in-processinventoryatthebeginningofthemonth.Overheadis80percentofthedirectlaborcost.Duringthemonth,$110,000ofdirectmaterialswerepurchased.RevenuesforImmaculatewere$600,000,andthesellingandadministrativecostswere$70,000. Otherinformationa ...

Other / Other 27 May 2016

In a cost management system, the cost view does NOT include Figure2-16 Asmallenginerepairshoppurchasedmaterialscosting$9,000inJuly.Thebeginninginventoryofmaterialpartswas$4,500andtheendinginventoryofmaterialpartswas$4,000.PaymentsfordirectlaborforJulytotaled$27,000,secretarialcostswere$2,000,andoverheadof$5,000wasincurred.Inaddition,$5,000wasspentonadvertisingand$2,000forthefranchisename.RevenueforJulywas$50,000. 1. RefertoFigure2-16. ...

Other / Other 27 May 2016