13. _____. In most business organizations, the chief accountant is called the: A. chief accounting officer B. controller C. chairman of the board D. chief executive officer E. None of the above

14. _____. What term is used to identify a cost that can be traced directly to a cost object within the enterprise? A. Variable cost B. Opportunity cost C. Direct cost D. Indirect cost E. None of the above

15. _____. The cost of a manufactured product generally consists of which of the following costs? A. Direct materials cost and factory overhead cost B. Direct labor cost and factory overhead cost C. Direct labor cost, direct materials cost, and factory overhead cost D. Direct materials cost and direct labor cost E. None of the above

16. _____. Which of the following is an example of direct materials cost for an automobile manufacturer? A. Cost of oil lubricants for factory machinery B. Cost of wages of assembly worker C. Salary of production supervisor D. Cost of interior upholstery E. None of the above

17. _____. The cost of wages paid to employees directly involved in the manufacturing process in converting materials into finished product is classified as: A. factory overhead cost B. direct labor cost C. wages expense D. direct materials cost E. None of the above

18. _____. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as: A. factory overhead cost B. miscellaneous expense C. product costs D. other manufacturing costs E. None of the above

19. _____. Which of the following is an example of a factory overhead cost? A. Repair and maintenance cost on the administrative building B. Factory heating and lighting cost C. Insurance premiums on salespersons automobiles D. Presidents salary E. None of the above

20. _____. Which of the following costs is referred to as prime cost? A. Direct labor cost and factory overhead cost B. Direct materials cost and direct labor cost C. Factory overhead cost D. Direct materials cost and factory overhead cost E. None of the above

21. _____. For a manufacturing enterprise, the manufacturing costs for the period are summarized in the: A. statement of cash flow B. statement of cost of goods sold C. statement of cost of goods manufactured D. statement of costs E. None of the above

22. _____. The document authorizing the issuance of materials from the storeroom is the: A. materials requisition B. purchase requisition C. receiving report D. purchase order E. None of the above

23. _____. The source of the data for debiting Work in Process for direct materials is the: A. purchase order B. purchase requisition C. materials requisition D. receiving report E. None of the above

24. _____. The amount of time spent by each employee and the labor cost incurred for each individual job or for factory overhead are recorded on: A. clock cards B. in-and-out cards C. time tickets D. employees earnings records E. None of the above

25. _____. The amount of time spent by an employee in the factory is usually recorded on: A. time cards B. job order cost sheets C. employees earnings records D. clock cards E. None of the above