quiz's - 1. Question: The nursing station on the fourth...

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1. Question: The nursing station on the fourth floor of Central Hospital is responsible for the care of patients who have undergone orthopedic surgery. The costs of drugs administered by the nursing station to patients would be classified as: Your Answer: direct costs of the patients. CORRECT indirect costs of the patients. overhead costs of the nursing station. period costs of the hospital. Points Received: 1 of 1 Comments: 2. Question: The costs of staffing and operating the accounting department at Central Hospital would be considered by the Department of Surgery to be: Your Answer: direct costs. indirect costs. CORRECT ANSWER incremental costs. opportunity costs. INCORRECT Points Received: 0 of 1 Comments: 3. Question: Aable Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is $45,000 and if direct materials are $53,000, the manufacturing overhead is: Your Answer: $11,250 CORREC T $13,250 $180,000 $24,500 Points Received: 1 of 1 Comments: 4. Question: A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $3,000 and is paid at the beginning of the first year. Three-fourths of the premium applies to factory operations and one-fourth applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? Your Answer: Item A Item B Item C INCORRECT
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Item D CORRECT ANSWER Points Received: 0 of 1 Comments: 5. Question: Last month a manufacturing company had the following operating results: What was the cost of goods manufactured for the month? Your Answer: $371,000 CORREC T $459,000 $383,000 $377,000 Points Received: 1 of 1 Comments: 6. Question: Gabert Inc. is a merchandising company. Last month the company's merchandise purchases totaled $68,000. The company's beginning merchandise inventory was $17,000 and its ending merchandise inventory was $13,000. What was the company's cost of goods sold for the month? Your Answer: $72,000 CORREC T $68,000 $98,000 $64,000 Points Received: 1 of 1 Comments: 7. Question: The following information is taken from the records of CL Company for last year: Your Answer: Item A Item B Item C Item D CORREC T Points Received: 1 of 1 Comments: 8. Question: Using the following data for February, calculate the cost of goods manufactured: The cost of goods manufactured was: Your Answer:
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$78,000 $85,000 $72,000 CORREC T $75,000 Points Received: 1 of 1 Comments: 9. Question: Clyde Company has provided the following data for the month of November: The ending raw materials inventory was: Your Answer: $11,000 CORRECT ANSWER $23,000 $10,000 INCORRECT $12,000 Points Received: 0 of 1 Comments: 10. Question: If the net operating income was $40,000, then the beginning finished goods inventory was: Your Answer: $22,000 $9,000 INCORRECT $42,000 $1,000 CORRECT ANSWER Points Received: 0 of 1 Comments: 11. Question:
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quiz's - 1. Question: The nursing station on the fourth...

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