Mgmt_201_(Ganguly)_Pop_Quiz_1

Mgmt_201_(Ganguly)_Pop_Quiz_1 - 13. Which of the following...

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13. Which of the following would not be classified as a product cost? A) Direct materials. B) Direct labor. C) Indirect materials. D) Insurance on the manufacturing plant. E) Sales commissions. 1. Selling and administrative expenses would likely appear on the balance sheet of: A) The Gap. B) Texas Instruments. C) Sprint Corporation. D) all of the above firms. E) none of the above firms. Some of these questions were used in class as a pop quiz. Others are being posted to help you with your review. Please note the following “practice” materials posted to help you with your exam preparation: (1) Sample Quiz1 from last semester, and solutions (see recitation section) (2) Sample exam from last semester, and solutions (3) Actual Quiz 1 from this semester, and solutions (see recitation section) (4) 10 Multiple choice questions from which some were selected for a pop quiz in class (this document) Page 1
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7. Which of the following statements is true? A) Product costs affect only the balance sheet. B) Product costs affect only the income statement. C)
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Mgmt_201_(Ganguly)_Pop_Quiz_1 - 13. Which of the following...

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