Which of the following would be included as direct materials for a pizza manufacturer?

Q: Which of the following would be not classified as direct material for a furniture manufacturer?…

A: The costs incurred for the production are classified as direct costs and indirect costs. The direct…

Q: Required information Bunker makes two types of briefcases, fabric and leather. The company is…

A: The overhead allocation is a method of allocating indirect costs to the goods produced. It can be…

Q: Select all of the following industries that are likely to use process costing: Cement production…

A: Process costing is a crucial product costing technique for manufacturing firms that mass produce…

Q: Grace Jones was just hired as an accounting intern at your company. Can you assist Grace and…

A: Direct material is the costs directly associated with the product. Conversion costs are the costs…

Q: Strategy adopted for identifying the location of dairy factory[ Ex : load distances method etc. ]

A: Location of plants which is geographical positioning of the operations are important for…

Q: For which of the following products would a job-order costing system be appropriate? O a. steel…

A: JOB ORDER COSTING IS A SYSTEM FOR DETERMINING THE COST OF EACH INDIVIDUAL PRODUCT A COMPANY PROVIDES…

Q: customer level - group level - service level - facility level?

A: In the field of accounting, activity-based costing and traditional costing are two different methods…

Q: Required information Bunker makes two types of briefcases, fabric and leather. The company is…

A: Traditional costing In Traditional Costing the overhead costs are assigned based on single overhead…

Q: In a cost management system in a restaurant what would the resturant focus on when adding things to…

A: Cost management system can be defined as the method that is used to evaluate the result of decisions…

Q: Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has…

A: Direct material cost is the cost of raw material produced or purchased for producing the final…

Q: Delauder Enterprises makes a variety of products that it sells to other businesses. The company's…

A: ACTIVITY BASED COSTING Activity Based Costing is a powerful tool for measuring…

Q: Cost classifications College Carriers manufactures backpacks that are sold to students for use as…

A: a) Raw materials –The raw materials required for backpacks are Fabrics, zipper, shoulder traps etc.

Q: Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has…

A: ABC costing, or activity-based costing, is a cost accounting method that allocates indirect costs to…

Q: Question 35 A process costing system would most likely be used by: a cereal producer a doctor's…

A: Cost accounting is one of important branch of accounting being used in business. Under this branch,…

Q: With the different types of costing methods that a company can choose from, what type of company…

A: There are several types of costing methods that a company can use, and the choice of method would…

Q: Required information Bunker makes two types of briefcases, fabric and leather. The company is…

A: Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…

Q: Which one of this technique of coating c used in tourism firm and why that techn can be used?…

A: A tour operator incurs various costs such as transport, accommodation, meals, sight-seeing etc.…

Q: A process costing system would most likely be used for all of the following except Select one: a. a…

A: Process costing is a method of cost accounting used in industries where products are produced in…

Q: Pharoah Company manufactures bowling balls through two processes: Molding and Packaging. In the…

A: To calculate the equivalent units of production for materials and conversion costs, we need to…

Q: Process Costing can be rightly applicable in a Airline company b. Construction Industry…

A: Process Costing: Process costing is a method of costing used in the industries where the material…

Q: Instruction: Classify each cost as Direct Materials, Direct Labor, Manufacturing Overhead,…

A: Direct Material  These are the expenses associated with obtaining the materials and other components…

Q: Classify the following costs as productor period costs by selecting an "X" in the appropriate…

A: Product Costs Are The Costs That Directly Associated With The Production Process To Create a…

Q: Operation costing might be used to determine the cost of all of the following products except: 01.…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Classify each of the following costs as either unit-level, batch-level, product-level, or…

A: Activities that are completed every time a batch of goods or products is created, or a set of…

Q: TB MC Qu. 1-72 The cost of lubricants ... The cost of lubricants used to grease a production machine…

A: Costs which are directly attributable to the individual items produced are called direct cost.…

Q: A furniture shop has enumerated the following cost determine the classification of the following…

A: Manufacturing cost means the cost which is incurred in factory or related with production of goods.…

Q: The following data were taken from the records of Bramble Company for the fiscal year ended June 30,…

A: Cost of goods manufactured :— It is the total cost of completed finished goods transferred from work…

Q: Place an "X" in the appropriate column above to classify each of the costs as a period cost of…

A: The costs may be classified as a product cost or a period cost. The product cost is directly or…

Q: Which one is the direct Cost Select one: a. Raw Material b. Wages c. All the above d. wages to…

A: Solution: Wages to tailor for garments to be stitched is a direct cost because tailor is directly…

Q: Scholfield Enterprises makes a variety of products that it sells to other businesses. The company's…

A: ACTIVITY BASED COSTINGActivity Based Costing is a powerful tool for measuring…

Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…

A: Joint costs are the costs incurred in producing multiple products simultaneously from the same raw…

Q: Which costing method will be most suitable for an automobile garage workshop in Ibri? a. Job costing…

A: Job Costing - This method is applicable where work is to be performed as per specifications of…

Q: What are the benefits for a company, like Cold Stone Creamery, that products many different products…

A: Activity-based costing a method of assigning overheads based on usage of a particular activity.…

Q: Thomas Traders WLL provide you with the following cost items. Analyse the cost description in Column…

A: Direct material means the material used direct in production of any product. Direct labor means the…

Q: Thomas Traders WLL provide you with the following cost items. Analyse the cost description in Column…

A: Cost classification means  grouping costs according to their common features. Direct materials  are…

Q: Please classify the following cost: Oil used to lubricate sewing machines at an Ann Taylor…

A: Direct Materials are the materials that are directly used in the production. Direct labor is…

Q: Name: Year and Section: L MULTIPLE CHOICE: Select the letter of the correct answer. Write your…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Thomas Traders WLL provide you with the following cost items. Analyse the cost description in Column…

A: Cost accounting means where every cost of doing business is recorded in necessary account and cost…

Q: Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores.…

A: The customer margin is calculated as difference between revenue and expenses that related to the…

Q: Behavior Period Cost Product Cost Cost Variable Fixed Selling Admin Direct Indirect Ink used…

A: SOLUTION-   COST - IT REFERS TO THE MONETARY VALUE OF EXPENDITURES FOR RAW MATERIALS , EQUIPMENT ,…

Q: The following data from the just completed year are taken from the accounting records of Mason…

A: Cost of goods manufactured -The cost of Goods Manufactured is the total cost incurred for…

Q: For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as either a…

A: Product costs: The costs which are directly linked to the manufacturing of the product called as…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.