Which of the following costs would not be part of productinventory costs for a manufacturer such as Harley Davidson? A. Costs to advertise the newest model B. Kickstands purchased for use in manufacturing themotorcycles C. The factory manager’s salary and benefits D. The wages and benefits of an employee in the weldingdepartment

Which of the following costs would not be part of productinventory costs for a manufacturer such as Harley Davidson? A. Costs to advertise the newest model B. Kickstands purchased for use in manufacturing themotorcycles C. The factory manager’s salary and benefits D. The wages and benefits of an employee in the weldingdepartment

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 3DQ: Which of the following costs would be included in the cost of a manufactured product according to...

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Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or period cost. Wages of administrative staff Shipping costs on merchandise sold Wages of workers assembling computers Cost of lease on factory equipment Insurance on factory Direct materials used in production of lamps Supervisor salary, factory Advertising costs Property taxes, factory Health insurance cost for company executives Rent on factory
Which of the following manufacturing costs is an indirect cost of producing a product? a.commissions for sales personnel b.memory chips for a microcomputer manufacturer c.oil lubricants used for factory machinery d.hourly wages of an assembly worker
Which of the following manufacturing costs is an indirect cost of producing a product? Oa. hourly wages of an assembly worker Ob. memory chips for a microcomputer manufacturer Oc. oil lubricants used for factory machinery Od. commissions for sales personnel
Which of the following is an “indirect labor” cost? Wages paid to factory janitors and factory security guards. Salaries paid to human resources (HR) personnel. All of the listed choices are correct. Wages paid to factory employees who convert raw materials into work-in-process and finished goods. Sales salaries and commissions paid to salespeople.
Who of the agreed in advance is not a cost of the product? The cost of the factory's fuel The manufacturing foreman's office's power costs Depreciation on factory-installed equipment The price of delivering completed goods to clients.
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Who among the following is not a cost of a product? The expense of the company's fuel. The cost of power at the manufacturing foreman's office Depreciation on the company's installed plant The price of delivering finished goods to clients.
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Which of the following statements related to job cost sheets is FALSE? a. None of the given answers is FALSE. O b. Actual manufacturing overhead costs are included in job cost sheets. c. Job cost sheets normally do not include the selling price of the job completed. O d. Ajob cost sheet does not include selling and administrative costs. Individual job cost sheets are used by companies which produce customized furniture. O e.
Which of the following statements related to job cost sheets is TRUE? Job cost sheets do not normally include the selling price of the job completed. a. b. Actual manufacturing overhead costs are included in job cost sheets. O c. None of the given answers is TRUE. O d. Individual job cost sheets are used by companies which produce socks. O e. Ajob cost sheet includes selling and administrative costs.
Which business would most likely use a job-costing system? A) concrete block producer B) antique automobile restorer C) custom saddle maker D) companies B and C only E) all of these businesses are likely to use job-costing 2. The cost of direct manufacturing labor will be treated as an expense on the income statement when resulting: A) payroll costs are paid B) payroll costs are incurred C) products are completed D) products are sold 3. Actual manufacturing overhead costs are first recorded in the A) Work-in-Process Control account B) Finished Goods Control account C) Manufacturing Overhead Control account D) Cost of Goods Sold account 4. The advantage of using normal costing of actual costing is A) indirect costs are assigned at the end of the year when they are known B) the job cost is more accurate under normal costing C) indirect costs are assigned to jobs on a timelier basis D) normal costing provides a higher gross profit margin
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