The salary of the president of a manufacturing

Info icon This preview shows pages 2–3. Sign up to view the full content.

View Full Document Right Arrow Icon
5. The salary of the president of a manufacturing company would be classified as which of the following? A. Product cost. B. Direct labour. C. Manufacturing overhead. D. Period cost. 6. Manufacturing overhead consists of which of the following? 7. Which of the following costs is often important in decision making, but is omitted from conventional accounting records? 8. Which of the following companies is most likely to use a job-order costing system rather than a process costing system? 9. In a job-order costing system, when a job remains incomplete at the end of a period, how is the amount of overhead cost that has been applied to that job treated? A. It is deducted on the Income Statement as overapplied overhead. B. It is part of the ending balance of the Work in Process inventory account C. It is closed out to Cost of Goods Sold. D. It is transferred to Finished Goods. 10. What is a cost driver?
Image of page 2

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern