Quiz 9_CH15_Solution

Quiz 9_CH15_Solution - X X 5. Raw materials used in the...

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Name ______ Solution __________________________ Rec Sec _________________ MGA 201 – Fall 2008 QUIZ #9 (CHAPTER 15) REQUIRED: Accuracy Electronics, Inc. manufactures calculators. For each cost listed below, place a check mark indicating whether the cost is a period or product cost for the company. For only those that are product costs , place a check mark indicating whether the cost would be classified as direct materials, direct labor, or manufacturing overhead. Cost Period Cost Product Cost Direct Materials Direct Labor Manufacturing Overhead 1. Depreciation on production plant X X 2. Depreciation on the corporate offices X 3. Miscellaneous supplies for the office copy machines X 4. Wages of production-line employees
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Unformatted text preview: X X 5. Raw materials used in the production of calculators X X 6. Wages of the corporate headquarters administrative staff X 7. Maintenance costs on the production equipment X X 8. Advertising costs X 9. Outgoing shipping costs for products sold X 10 . Salaries for plant supervisors X X 11 . Interest on bank loans X 12 . Property tax on the production plant X X 13 . Property tax on the corporate offices X 14 . Commissions paid to sales personnel X 15 . Salaries for corporate executives X 16 . Utilities for the corporate offices X 17 . Glue used (minimal) for product labels on calculators X X 18 . Training seminar for marketing staff X...
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This note was uploaded on 04/18/2009 for the course MGA 201 taught by Professor Anderson during the Fall '08 term at SUNY Buffalo.

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Quiz 9_CH15_Solution - X X 5. Raw materials used in the...

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