Chapter 18 quiz

Chapter 18 quiz - Selected Answer: Questio n 5 2 out of 2...

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Review Assessment: Quiz # 5 Chap 18 Questio n 1 2 out of 2 points Which of the following would be considered a staff department of a manufacturing company? Selected Answer: Questio n 2 2 out of 2 points The cost of goods manufactured is $245,000. The finished goods inventory increased from the beginning to the end of the period by $8,000, while the work in process inventory increased from the beginning to the end of the period by $3,000. What is the cost of goods sold? Selected Answer: Questio n 3 2 out of 2 points The total manufacturing costs added to production during the period is $110,000. The materials inventory increased from the beginning to the end of the period by $12,000, while the work in process inventory decreased from the beginning to the end of the period by $5,000. What is the cost of goods manufactured? Selected Answer: Questio n 4 2 out of 2 points Which of the following would not be considered a cost object?
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Unformatted text preview: Selected Answer: Questio n 5 2 out of 2 points Which of the following inventory classifications would be included in a Statement of Cost of Goods Manufactured? Selected Answer: Questio n 5 2 out of 2 points Questio n 6 2 out of 2 points Which of the following is not a characteristic of managerial accounting reports? Selected Answer: Questio n 7 2 out of 2 points Which of the following would not be considered part of factory overhead costs? Selected Answer: Questio n 8 2 out of 2 points Conversion costs consist of: Selected Answer: Questio n 9 2 out of 2 points A characteristic of managerial accounting is: Selected Answer: Question 10 2 out of 2 points Which phase of the management process is inherent to all the others? Selected Answer: Question 11 0 out of 2 points Which of the following items would be classified as a factory overhead cost? Correct answer : utility and power cost of a factory...
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This note was uploaded on 10/25/2010 for the course ACT 2292 taught by Professor Dr.eddyj.burks during the Fall '10 term at Troy.

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Chapter 18 quiz - Selected Answer: Questio n 5 2 out of 2...

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