1. The cost of raw materials (direct materials) flow through all of the following accounts except:

work in process.

manufacturing overhead.

finished goods.

cost of goods sold.

2.

Company X manufactures 3-ring notebooks. All of the following are considered indirect costs except:

depreciation on manufacturing equipment.

factory utilities.

salaries for production supervisors.

cardboard used in production of notebooks.

3. Carolina Company placed $26,500 of raw materials into production. The recognition of this event will:

decrease cash flow from investing activities.

decrease net income.

not effect total assets.

increase revenue.

4. Hughes Company paid production workers $25,550 cash. These wages will be classified as:

cost of goods sold.

manufacturing overhead.

salary expense.

work in process.

5.

For 2014, Kelly Company's manufacturing overhead costs totaled $2,871,400. At the end of the period, manufacturing overhead had been underapplied by $5,310. As a result:

none of these.

cost of goods sold increases.

cost of goods sold decreases.

manufacturing overhead increases.