1.Which of the following is NOT a period cost? Multiple Choice Depreciation of factory maintenance equipment. Salary of a clerk who handles customer billing. Insurance on a company showroom where customers can view new products. Cost of a seminar concerning tax law updates that was attended by the companys controller.

2. A factory supervisors wages are classified as:

	Indirect labor	Fixed manufacturing overhead
A)	No	No
B)	Yes	Yes
C)	Yes	No
D)	No	Yes

Multiple Choice

Choice A

Choice B

Choice C

Choice D

3. Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours		40,000
Total fixed manufacturing overhead cost	$	344,000
Variable manufacturing overhead per machine-hour	$	3.90

Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

$750

$516

$984

$234