Accounting Quiz Chapter 2

# Accounting Quiz Chapter 2 - Accounting Quiz Chapter 2 1...

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Accounting Quiz Chapter 2 1. Which of the following combinations of costs make up conversion cost?  Direct labor cost and manufacturing overhead cost. 2. All of the following can be differential costs except  sunken costs . 3. During the month of April, direct labor cost totaled \$19,000 and direct labor  cost was 30% of prime cost. If total manufacturing costs during April were  \$79,000, the manufacturing overhead was  \$15,667 . Note: Prime cost is direct labor plus direct material. 4. During May, the cost of goods manufactured was \$69,00. The beginning  finished goods inventory was \$14,000 and the ending finished goods inventory  was \$21,000. What was the cost of goods sold for the month? \$62,000 5. Using the following data for April, calculate the cost of goods manufactured: Direct materials…………………………………. .\$23,000 Direct labor…………………………………………\$21,000

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Accounting Quiz Chapter 2 - Accounting Quiz Chapter 2 1...

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