I-17.03 Click in the boxed areas below to launch a pick list icon. Use the pick list's drop-down menu to select an appropriate title for that location in the statement of cost of goods manufactured. A correct selection will cause an amount(s) to appear in the statement. Continue until the statement is complete and all dollar amounts are visible. Direct materials: ACE COMPANY Schedule of Cost of Goods Manufactured For the Year Ending December 31, 20XX Indirect materials Indirect labor Factory utilities Factory maintenance 465,000 L Question 1 1 pts How much Raw materials were transferred to production for the year ending December 31. 20XX for ACE Company? Question 2 1 pts How much Direct labor was used in the production for the year ending December 31, 20XX for ACE Company? Question 3 1 pts How much Factory Overhead was applied to production for the year ending December 31. 20XX for ACE Company? Question 4 1 pts How much Total Manufacturing Cost was calculated for the production for the year ending December 31, 20XX for ACE Company? Question 5 1 pts How much Cost of Goods Manufactured were completed and transferred to Finished Goods Inventory account for the year ending December 31, 20XX for ACE Company? Question 6 Prime Costs Direct Labor + Direct Material True False 1 pts I-17.03 Click in the boxed areas below to launch a pick list icon. Use the pick list's drop-down menu to select an appropriate title for that location in the statement of cost of goods manufactured. A correct selection will cause an amount(s) to appear in the statement. Continue until the statement is complete and all dollar amounts are visible. Direct materials: ACE COMPANY Schedule of Cost of Goods Manufactured For the Year Ending December 31, 20XX Indirect materials Indirect labor Factory utilities Factory maintenance 465,000 How much Raw materials were transferred to production for the year ending December 31. 20XX for ACE Company? Question 2 1 pts How much Direct labor was used in the production for the year ending December 31. 20XX for ACE Company? D Question 3 1 pts How much Factory Overhead was applied to production for the year ending December 31. 20XX for ACE Company? Question 4 1 pts How much Total Manufacturing Cost was calculated for the production for the year ending December 31, 20XX for ACE Company? Question 5 1 pts How much Cost of Goods Manufactured were completed and transferred to Finished Goods Inventory account for the year ending December 31, 20XX for ACE Company? D Question 6 Prime Costs Direct Labor + Direct Material O True False 1 pts Question 7 Conversion Costs = Direct Material + Manufacturing Overhead True O False Question 8 1 pts 1 pts Period costs are any costs that are not product costs like Commission Expense, Office rent Expense, Advertisement Expense, Office Salary Expense. O True O False Question 9 1 pts Manufacturers have three unique inventory categories: Raw Materials, Work in Process. and Finished Goods. But retailers have only an Inventory account. O True False Question 10 1 pts In a manufacturing company: Beginning Inventory + Purchases Cost of Goods Available for Sale O True O False I-17.03 Click in the boxed areas to the right of each item below. A pick list will launch. Click on the pick list icon to reveal a drop-down menu of choices. Select the correct choice to turn the boxed area green. A company has total fixed costs of $1,000,000. If production decreases, what happens to total fixed costs? A company has total fixed costs of $1,000,000. If production increases, what happens to fixed cost per unit? A company has per unit variable cost of $10. If production increases, what happens to total variable costs? A company has per unit variable cost of $10. If production decreases, what happens to variable cost per unit? A fixed costs is only fixed over the >>>> Fixed costs that make periodic "jumps" with incremental changes in volume are known as >>>> Which type of fixed cost may be subject to general adjustment over time? Question 1 A company has tuta hd com of $1.000.000 duc ones what happens to led con? O 17 Question 2 A company costs of $1,000,000 to increases what happens to fed cost per D O Deve O O Ushigey One of the a Question 3 A company has per unit variable cost of $30. production increases what happens to total variable costs? O Increase O Deoxne O Unichunge O None of the above 1 pes Question 4 A company has per unit variable cost of $10. #production decisives what happens to variable cost per un O unchanged O O None of the be 1 at 1 pts 1 pts D Question 5 A fixed costs is only fixed over the >>>> O Relevant Range O Economy of the Scale O Longer Operating Period. O None of the Above. D Question 6 Fixed costs that make periodic "jumps" with incremental changes in volume are known as >>>> O Step Costs O Committed Costs O UnCommitted Costs O Period Costs Question 7 Which type of fixed cost may be subject to general adjustment over time? O Discretionary O Committed O relevant O Relevant 1 pts 1 pts 1 pts