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QuizCh2Bus21Buck - would be A indirect [email protected]

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Managerial Accounting Quiz Chapter 2 .l* Qnversion cost is the sum of direct labor and manufacturing overhead. i True) False 2. Prime cost is the sum True Fiise-i / of direct labor and manufacturing overhead. - bt*.. Yes No Yes No 3. A variable cost is constant if expressed on a per unit basis but the total dollar amount changes as the number ofunits increases or decreases. qD Fatse 4. The cost of the cushions that are used to manufacture sofas is best described as a: A. manufacturing overhead cost. B. period cost. (d.yvariable cost. Y. conversion cost. 5. Chezpere Company manufactures and sells washing machines. In order to make assembly of the machines faster and easier, some of the metal parts in the machines are coated with grease. How should the cost of this grease be classified? Direot Material Cosl Fixed Cost A. B. C. @ 6. Materials used in the operation of a factory, such as cleaning supplies, that are not an integral part of the final product should be classified as: A. direct materials. B. a period cost. 7 .
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Unformatted text preview: would be: A. indirect material. @direct labor. C. direct material. D. indirect labor. Yes Yes No No @. *r Z € tnP74r4 2 8. The annual insurance premium for the factory building would be a: A. fixed cos! period cosl and indirect cost with regard to units of product. B. fixed cost, product cost, and direct cost with regard to units of product. t. variable cost, product cost, direct cost with regard to units of product. Q) fixed cost, product cost, indirect cost with regard to units of product. 9. Inventoriable (i.e., product) costs that have become expenses can be found in: A. period costs. B. selling expenses. (C,)ort of goods sold. D. administrative expenses. 10. Within the relevant range, as the number of units produced increases: A. the variable cost per unit remains the same. B. fixed costs in total remain the same. C. variable costs increase in total. @df of these....
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