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6. Tech Computer manufactures tablets in its plant located in Toronto and then ships the computers directly to distributors and retailers. The company's accountant has
6. Tech Computer manufactures tablets in its plant located in Toronto and then ships the computers directly to distributors and retailers. The company's accountant has enlisted you to classify the following company's expenses: The delivery charges incurred when shipping the tablets to distributors and retailers. Oa. Fixed period cost. Ob. Fixed product cost. c. Variable product cost. Variable period cost. Cleara Type here to searchi Courses 9. Last month a manufacturing company had the following operating results: Beginning $74,000 finished goods inventory Ending finished $73,000 goods inventory Sales $464,000 Gross margin $52,000 What was the cost of goods manufactured for the month? a. $413,000. b. $411.000. c. 5463 000 d. $412.000. My Courses Utilities, retail 17,000 store Wages, retail staff 20,000 WIP inventory, 19,500 beginning WIP inventory, 21,500 ending What was the total manufacturing costs for the period? a. $47,000 b. $122.000 c. $102,000 5. Within the relevant range, the difference between variable costs and fixed costs is: O a. both total variable costs and total fixed costs fluctuate. b. variable costs per unit are constant and fixed costs per unit fluctuate. O c. variable costs per unit fluctuate and fixed costs per unit remain constant. O d. both total variable costs and total fixed costs are constant. Clear my choice 6. Tech Computer manufactures tablets in its plant located in Toronto and then ships the computers directly to distributors and retailers. The company's accountant has enlisted you to classify the following company's expenses: The delivery charges incurred when shipping the tablets to distributors and retailers. O a. Variable product cost. Ob. Fixed period cost. Variable period cost. Od. Fixed product cost. Clear my choice OL E B e D 0 4. The corporate controller's salary would be considered a : O a. manufacturing cost. b. administrative cost. O c. product cost. O d. selling expense. 2. The most common accounting treatment of underapplied manufacturing overhead is to transfer it to the Cost of Goods Sold. Select one: True False 3. In a job-order costing system, the amount of overhead cost that has been applied to a job that remains incomplete at the end of a period is: a. deducted on the Income Statement as overapplied overhead. b. part of the ending balance of the Work in Process inventory account. 1. The following journal entry would be made to apply overhead cost to jobs in a job-order costing system: Work in Process XXX Manufacturing Overhead XXX Select one: True False Courses To: The walls company uses presetem to jobs. The predetermined overhead rate is based on labour cost in Dept. A and on machine Perreaul rates to apply manorac formigovalo hours in Dept. B. At the beginning of the year, the company made the following estimates: Dept A Dept B Direct labour $30,000 $40,000 cost Manufacturing 60,000 50,000 overhead Direct labour 6,000 8,000 hours Machine hours 2,000 10,000 What predetermined overhead rates would be used in Dept A and Dept B, respectively? a. 200% and $5.00
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