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7.14 pts Pebbles Flintstone is trying to decide which field of accounting that she want to have a career in. If she wants to work
7.14 pts Pebbles Flintstone is trying to decide which field of accounting that she want to have a career in. If she wants to work in the field that produces information used primarily by managers within an organization, she would choose O External auditing O Internal auditing Financial accounting O Management accounting 71 1nto Question 3 7.14 pts Mr. Slate is working on classifying different types of costs at Bedrock Quarrel and Gravel. The sales force's salaries would be classified as when determining the cost of a manufactured product. O a direct cost none of these an indirect cost O a period cost Question 4 7.14 pts Bedrock Quarrel and Gravel produces different types of stone. The product costs associated with these are O expensed only when the inventory is sold. none of these O always remain part of the inventory. O always recorded as an expense. George Jetson just requisitioned 5 sheets of metal to be used to manufacture sprockets. The costs associated with the metal will flow directly into O finished goods inventory. work in process inventory. O manufacturing overhead. O cost of goods sold. MacBook Pro estion 9 Overapplied manufacturing overhead results when O actual overhead is less than applied overhead. O actual overhead is greater than budgeted. O production is greater than budgeted. O actual overhead is less than budgeted. D Question 10 In an activity-based costing system: o Overhead cannot be overapplied. O Overhead cannot be overapplied or under applied. O Overhead can be overapplied or under applied. o Overhead cannot be underapplied. Question 11 7.14 How would Bedrock Quarrel and Gravel classify rock that is only partially ground and not yet bagged for sale? O Finished goods Work in process O Raw materials O Supplies Question 12 7.14 pts Nergal Heavy Industries' work in process inventory on June 1 has a balance of $22,400 representing Job No. 301. During June, $50,000 of direct materials were requisitioned for Job No. 301 and $35,000 of direct labor cost was incurred on Job No. 301. Manufacturing overhead is allocated at 125% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,000. No new jobs were started during June. Job No. 301 is completed on June 28. What is the total cost assigned to Job No. 301? $43,750 O $151,150 O $148,400 O $135,400 Question 13 7.14 pts J.J. Granite is thinking about replacing a rock crusher at Slate Rock and Gravel Company. In regards to this decision, the cost of old crusher purchased five years ago is: O a direct materials cost. O a differential cost. O a sunk cost. O an opportunity cost. MacBook Pro Question 15 7.14 pts Bill's Candy Shop reported the following results for 2019: Sales $433,000 Cost of goods sold (all variable) $173,000 Total variable selling expense $18,000 Total fixed selling expense $9,900 Total variable administrative expense $10,000 Total fixed administrative expense $25,600 The contribution margin for 2019 is: O $232,000 O $196,500 $260,000 O $369,500
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