68323 Multiple Choice (20 thanks) part 1 which one of the following is an example of a period cost? A change in benefits for the union workers who work in the Bombardier plant in Thunder Bay Workers' compensation insurance on factory workers wages allocated to the B. factory C. A processor used to produce computers A manager's salary for work performed in the corporate head office 2. Which of the following would most likely be viewed as indirect materials? a. Ball bearings associated with an industrial tractor wheel b. Axle grease associated with the suspension of a new car C. New tires for a commercial truck d. Cost of boring (lathing) a cylinder in assembly 3. Fees for office cleaning and maintenance are: a. Neither direct nor indirect b . Fixed product costs C . Variable product costs d. Mixed product costs ATOT 4. Spice Simmers provided the following information from its accounting records for 2018: Expected production....30,000 labour hours Actual production.........28,000 labour hours Budgeted overhead.....$1,500,000 Actual overhead...........$1,450,000 How much is the overhead application rate if Spice Simmers bases the rate on direct labour hours? a. $53.57 per hour b . $48.33 per hour C . $50.00 per hour d. $51.79 per hour 5. A company expected its annual overhead costs to be $750,000 and machine hours to equal 100,000 hours. Actual overhead was $745,000 and actual machine hours totalled 97,000 hours. How much overhead was over- or under-applied? a. $17,500 under-applied b. $22,500 under- applied c. $23,000 over-applied d. $28,190 over-applied