9. Wages paid to machine operators on an assembly line are classified as a:     direct material cost     manufacturing overhead cost     period cost     direct manufacturing labor cost

What is an overhead application rate? Question 11 options: Average cost of actual direct labor Actual direct material costs Estimated amount of overhead costs in an efficient operation applied to work in process Estimated amounts of administrative costs to be applied to work in process

Based on the below data, compute for the Degree of Financial Leverage: Sales                                                100,000,000 Variable Cost                                  40,000,000 Fixed Cost                                          40,000,000 Capital employed of the company                80,000,000 Debts        (carries 10% interest)                40,000,000

When direct labor cost are incurred, (but not yet paid) in manufacturing: _______ is debited and _____ is credited -wages payable -Cost of good sold -Work in process inventory -Finish goods inventory -Cash -manufacturing overhead control  When units are sold: Cost associated with units are debited to which account? -Wages payable -Finish goods inventory -Manufacturing overhead control -Completed units payable -Work in process inventory -Cost of sold Call associated with units are credited to which account? -Manufacturing overhead control -Finish goods inventory -Cost of good sold -Cash -Work and process inventory -Completed units payable