Which of the following would probably properly classified as a step cost with respect to the volume of production ? Depreciation computed on an annual basis Total salaries paid to quality -control inspectors Real estate taxes President of the company's salary
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Which of the following would probably properly classified as a step cost with respect to the volume of production ?
Total salaries paid to quality -control inspectors
Real estate taxes
President of the company's salary
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- Which of the following is a product cost? A) Sales commissions B) CEO's salary C) Delivery van depreciation D) Depreciation on production equipmentWhich of the following is a period cost? a. Property taxes on the production facilities. b. The production supervisor's salary. c. Costs to ship the product to the customer. d. Depreciation of the factory equipment.Current year’s depreciation charge relating to Equipment used for designing products should be included as an expense in the current year’s Statement of Comprehensive Income, within which of the headings stated below: Within other operating expenses, Within Distribution cost or Within Administrative expenses or Within Cost of sales.
- How is the depreciation per hour calculated in the unit of production method?Property taxes on a company’s factory building would be classified as a(n): a. Product cost b. Opportunity cost c. Period cost d. Variable cost e. Administrative cost f. Selling costIn a manufacturing company, which of the following will affect gross profit? A change in the depreciation policy applied to production equipment Insurance paid on delivery vehicles Reduction in the overdraft interest rate Cost of training finance staff on the use of an accounting package
- In a manufacturing company, which of the following will affect gross profit?a. A change in the depreciation policy applied to production equipmentb. Insurance paid on delivery vehiclesc. Reduction in the overdraft interest rated. Cost of training finance staff on the use of an accounting packageWhich one of the following accounts is an asset similar to work-in-process inventory? Group of answer choices Construction in Progress Cost of Construction Billings in Excess of Cost Revenue from Long-Term ContractsWhich of the following costs would be considered a period rather than a product cost in a manufacturing company? Manufacturing equipment depreciation. Property taxes on corporate headquarters. Direct materials costs. Electrical costs to light the production facility.
- The net income before tax that the company would disclose on an absorption-costing income statement is:Which of the following is not likely to be treated as product cost? Depreciation on the factory Interest paid on notes payable Portion of the cost running the quality control department Wages paid to factory workersWhich can be considered a product cost in a manufacturing company? - corporate tax -sales commissions - property rate -equipment depreciation