For a manufacturing sector company the cost of

This preview shows page 8 - 12 out of 26 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Managerial Accounting
The document you are viewing contains questions related to this textbook.
Chapter 1 / Exercise BE1-2
Managerial Accounting
Warren/Tayler
Expert Verified
16) For a manufacturing-sector company, the cost of factory depreciation is classifiedas a ________.A) direct material cost B) direct manufacturing labor cost C) manufacturing overhead cost
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Managerial Accounting
The document you are viewing contains questions related to this textbook.
Chapter 1 / Exercise BE1-2
Managerial Accounting
Warren/Tayler
Expert Verified
D) period cost Answer:
A17) Which of the following cost is included in cost of goods sold?
18) Manufacturing overhead costs in an automobile manufacturing plant most likely include ________.
C19) Manufacturing overhead costs are also referred to as ________.
B
20) Target reports ________.A) only merchandise inventory B) only finished goods inventory C) direct materials inventory, work-in-process inventory, and finished goods inventoryaccounts D) no inventory accounts Answer:
A21) Direct materials inventory would normally include ________.
C22) Work-in-process inventory would normally include ________.
A
23) Finished goods inventory would normally include ________.
C24) Which of the following is a period cost?A) sales promotion expensesB) direct material cost C) direct labor costD) indirect manufacturing costs like plant insuranceAnswer:
B25) ________ are the acquisition costs of all materials that eventually become part ofthe cost object and can be traced to the cost object.
C

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture