Ch16-1 Problems to Ponder v1

Ch16-1 Problems to Ponder v1 - Chapter 16 Part 1 Problems...

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Chapter 16 Part 1 Problems to Ponder
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1. Equipment depreciation is an example of a direct product cost in a manufacturing company. [A] True [B] False
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1. Equipment depreciation is an example of a direct product cost in a manufacturing company. [A] True [B] False
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2. Because it is invisible, direct labor cannot be traced to products. [A] True [B] False
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2. Because it is invisible, direct labor cannot be traced to products. [A] True [B] False
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3. Accounting personnel utilize estimates when deriving product unit costs in order to determine product pricing. [A] True [B] False
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3. Accounting personnel utilize estimates when deriving product unit costs in order to determine product pricing. [A] True [B] False
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4. Total manufacturing costs and the change in Finished Goods Inventory are used to compute cost of goods sold. [A] True [B] False
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change in Finished Goods Inventory are used to compute cost of goods sold. [A] True
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This note was uploaded on 02/02/2012 for the course ECON 125 taught by Professor Ho during the Summer '10 term at San Diego State.

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Ch16-1 Problems to Ponder v1 - Chapter 16 Part 1 Problems...

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