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a which one of the following statements regarding product costing is false? a glue is usually considered an indirect material b rent expense on administrative
a which one of the following statements regarding product costing is false?
a glue is usually considered an indirect material
b rent expense on administrative offices should be included in manufacturing overhead
c a manufacturing floor supervisor's salary is a product cost
d manufacturing overhead costs are always considered product costs
b if a company uses a predetermined overhead rate to apply overhead costs to production, a DEBIT balance in the manufacturing overhead account will require an adjusting entry, which includes which one of the following?
a. debit to finished goods inventory
b debit to work in progress inventory
c credit to cost of goods sold
d debit to cost of goods sold
e credit to finished goods inventory
f credit to work in process inventory
c. which one of the following will most likely NOT be involved in an adjusting journal entry?
a interest expense
b bad devt expense
c accounts payable
d unearned revenue
e prepaid insurance
f accumulated depreciation
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