Which of the following is not an inventoriable cost

This preview shows page 33 - 35 out of 66 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Cornerstones of Cost Management
The document you are viewing contains questions related to this textbook.
Chapter 17 / Exercise 8
Cornerstones of Cost Management
Hansen/Mowen
Expert Verified
25) Which of the following is not an inventoriable cost of a manufacturer?A) Sales commissions paid to sales representatives who sell the products made by the manufacturerB) Wages paid to assembly-line workersC) Plant depreciation incurredD) Property taxes on plant Answer:
ADiff: 1Objective: 5AACSB: Analytical thinking26) Which of the following is a direct manufacturing cost?
CDiff: 1Objective: 5AACSB: Analytical thinking27) ________ are all manufacturing costs that are related to the cost object but cannot be traced to that cost object in an economically feasible way.
ADiff: 1Objective: 5AACSB: Analytical thinking28) Which of the following is not reported on the income statement of a manufacturing firm?
CDiff: 1Objective: 5AACSB: Analytical thinking29) The income statement of a service-sector firm reports ________.A) period costs only B) cost of goods soldC) both period costs and cost of of goods soldD) direct labor costs Answer:
ADiff: 1Objective: 5AACSB: Analytical thinking30) Which of the following is an inventoriable cost?
ADiff: 1
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Cornerstones of Cost Management
The document you are viewing contains questions related to this textbook.
Chapter 17 / Exercise 8
Cornerstones of Cost Management
Hansen/Mowen
Expert Verified
Objective: 5AACSB: Analytical thinking31) Inventoriable costs ________.
BDiff: 1Objective: 5AACSB: Analytical thinking32) Inventoriable costs are expensed on the income statement ________.
CDiff: 1Objective: 5AACSB: Analytical thinking33) Costs that are initially recorded as assets and expensed when goods sold are called ________.A) period costs B) inventoriable costs C) irrelevant costs D) research and development costs Answer:
BDiff: 1Objective: 5AACSB: Analytical thinking

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture