11) Which of the following would appear as a line item on the income statements of both, a merchandiser and a manufacturer? A) Direct Labor B) Cost of Goods Manufactured C) Direct Materials D) Cost of Goods Sold 12) Period costs are the A) current assets and liabilities reported on the balance sheet. B) costs that are incurred and expensed during the same accounting period. C) costs related to production of products the company purchases and sells. D) same as manufacturing overhead costs. 13) Manufacturing overhead is also referred to as: A) indirect manufacturing costs. B) direct costs. C) prime costs. D) period costs. 14) For a manufacturing firm, which of the following is a product cost? A) Salary of administrative staft B) Wages paid to factory janitor C) Commissions paid to sales staff D) Depreciation on corporate building 15) Fireox Company's selected cost data for 2015 are shown below: What is the total of manufacturing costs incurred by Fireox Company in 2015? A) $149,200 B) $158,300 C) $139,800 D) $117,100 16) Samson Inc. reported the following information for the year 2015 How much was the unit cost per service? 16) Samson Inc. reported the following information for the year 2015 How much was the unit cost per service? A) $1.56 B) $3.20 C) $2.25 D) S3.81 17) Crabapples Inc. purchases and sells dry fruit boxes. The following information summarizes its operating activities for 2015 If Crabapples sold 5,000 boxes of dry fruits during the year, what is the cost per box of dry fruits? A) $72.28 B) S32.75 C) $10.55 D) $19.75 18) Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company has provided the following information: What is the cost per unit sold? A) S20.29 B) $15.00 C) $23.88