Hello! I am in need of assistance with these questions, and help is appreciated.

QUESTION 1

Fresh Wreath Corporation manufactures wreaths according to customer specifications and ships them to customers using United Parcel Service (UPS). Which two terms below describe the cost of shipping these wreaths?

• A. Variable costs and product costs
• B. Variable costs and period costs
• C. Fixed costs and product costs
• D. Fixed costs and period costs

QUESTION 2

Bell Company's manufacturing overhead is 20% of its total prime costs. If direct labor is $38,000 and direct materials are $23,000, the manufacturing overhead is:

• A. $12,200.
• B. $152,000.
• C. $5,750.
• D. $15,250.

QUESTION 3

When making business changes in the short run, management sometimes gets locked in to certain costs arising from previous decisions. This is type of cost is best known as:

• A. controllable.
• B. differential.
• C. uncontrollable.
• D. sunk.

QUESTION 4

The following costs were incurred in August:

Direct Materials$18,000

Direct Labor $21,000

Manufacturing Overhead $33,000

Selling Expenses $14,000

Administrative Expenses $19,000

Conversion costs during the month of August totaled:

• A. $39,000.
• B . $105,000.
• C. $54,000.
• D. $51,000.

QUESTION 5

An accounting firm would be classified as a:

• A. manufacturing company.
• B. merchandising company.
• C. simple company.
• D. service company.

QUESTION 6

A __________ company's balance sheet reports just one inventory called inventory.

• A. service
• B. merchandising
• C. manufacturing
• D. simple

QUESTION 7

Inventoriable costs are known as:

• A. variable costs.
• B. conversion costs.
• C. product costs.
• D. fixed costs.

QUESTION 8

All of the following would be classified as product costs except:

• A. property taxes on production equipment.
• B. insurance on factory machinery.
• C. salaries of the marketing staff.
• D. wages of machine operators.

QUESTION 9

Teshoka Corporation makes computer chips. Teshoka Corporation would be classified as a:

• A. merchandising company.
• B. manufacturing company.
• C. service company.
• D. simple company.

QUESTION 10

Which type of company has three categories of inventory?

• A. Manufacturing company
• B. Merchandising company
• C. Simple company
• D. Service company

QUESTION 11

A partial listing of costs incurred at SueBelle Corporation during October appears below:

Direct Materials

$195,000

Utilities, Factory

$9,000

Sales Commission

$75,000

Administrative Salaries

$113,000

Indirect Labor

$30,000

Advertising

$119,000

Depreciation of Production Equipment

$28,000

Direct Labor

$105,000

Depreciation of Administrative Equipment

$44,000

Based on the information provided, answer the following questions:

What is the total amount of product cost listed above? Show your work.

What is the total amount of period cost listed above? Show your work.