Question
Below is a list of cost classifications and some descriptions. Match the cost classifications with the descriptions. There may be more than one cost classification
Below is a list of cost classifications and some descriptions. Match the cost classifications with the descriptions. There may be more than one cost classification that fits with a description. However, select the cost classification that fitsbest.
Group of answer choices
That's How Eye Roll estimated that the cost of metal for the frame, wages of the staff member producing the lens, and overhead totalled $50 per pair of glasses.
[ Choose ]
Period Cost
Irrelevant Cost
Product Cost
Conversion Cost
Selling Cost
Mixed Cost
Prime Cost
Fixed Cost
Opportunity Cost
Manufacturing Overhead Cost
Variable Cost
Direct Materials Cost
Direct Labour Cost
Ayma Moron couldn't decide whether to go back to school or not. He had concerns that he'd be forced to give up his salary on his existing job as a sign spinner for the next four years.
[ Choose ]
Period Cost
Irrelevant Cost
Product Cost
Conversion Cost
Selling Cost
Mixed Cost
Prime Cost
Fixed Cost
Opportunity Cost
Manufacturing Overhead Cost
Variable Cost
Direct Materials Cost
Direct Labour Cost
Tom Morrow is a warehouse manager for a manufacturer. The warehouse he supervises houses the company's finished goods. Tom is paid a salary of $100,000 per year.
[ Choose ]
Period Cost
Irrelevant Cost
Product Cost
Conversion Cost
Selling Cost
Mixed Cost
Prime Cost
Fixed Cost
Opportunity Cost
Manufacturing Overhead Cost
Variable Cost
Direct Materials Cost
Direct Labour Cost
All factory floor costs that are not direct materials or direct labour.
[ Choose ]
Period Cost
Irrelevant Cost
Product Cost
Conversion Cost
Selling Cost
Mixed Cost
Prime Cost
Fixed Cost
Opportunity Cost
Manufacturing Overhead Cost
Variable Cost
Direct Materials Cost
Direct Labour Cost
An engineer totalled direct materials and direct labour costs for a new product and is wondering what to call this cost.
[ Choose ]
Period Cost
Irrelevant Cost
Product Cost
Conversion Cost
Selling Cost
Mixed Cost
Prime Cost
Fixed Cost
Opportunity Cost
Manufacturing Overhead Cost
Variable Cost
Direct Materials Cost
Direct Labour Cost
Joe signs a rental car agreement that requires a payment of $10 per day plus $0.05 per kilometre driven.
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Accounting For Value
Authors: Stephen Penman, S Penman
1st Edition
0231151187, 9780231151184
