ACCT 203 Exam “1A” Name _____Ngan Nguyen__________ Date: ____/____/____Your Student Number:990_____Your Email: [email protected]I. Cost Classifications:Fleet Company manufactures shoes. Label each item as tothe type of cost:DM, DL, MO or P(direct material, direct labor, mfg overhead orperiod cost)__DL__1. Cost of wages of workers who assemble the shoes.__MO__2. Depreciation on the factory in which the shoes are built.___MO__3. The cost of leather used in the shoes.__DL___4. Wages of the cleanup crew at the factory.__P___5. Research costs for a new type of shoe under development.__MO___6. Depreciation on the sewing machines in the factory.___MO__7. Indirect materials such as shoe polish, used to condition the leather.__MO___8. Factory supervisor’s salary.__MO___9. Salary of the night watchman at the factory.__MO__10. Depreciation on the robotic machine used to build the shoe boxes.____11. Direct Materials cost is debited to:a. Raw Materials Inventoryb.Manufacturing Overhead c. Cost of Goods Sold d. Direct Materials e. Work inProcess____12. Beginning Finished Goods Inventory + X – Ending Finished Goods Inventory =
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