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7. Which of the following item is typically an example of an indirect cost of a cost object? a. Courier charges for shipment delivery b. Manufacturing plant electricity C . Direct manufacturing labor d. Wood used for furniture manufacturer 8. If there is a change in the level of the cost driver a. Total fixed costs and total variable costs will change b . Total fixed costs and total variable costs will be the same C. Total fixed costs will be the same and total variable costs will change d. Total variable costs will be the same and total fixed costs will change. 9. If there is a change in the level of the cost driver a. Fixed and variable unit cost will change b. Fixed and variable costs per unit will be the same Fixed costs per unit will be the same and variable costs per unit will change d. Variable costs per unit will be the same and fixed costs per unit will change. 10. Which of the following statements would be INCORRECT in a manufacturing plant? a. Completed goods are included in the finished goods inventory b. Partially completed goods are part of the work in process C. Work in process may also be called goods in process d. Materials put into product are included in the direct materials inventory 11. Manufacturing overhead costs are also known as all of the following EXCEPT: a. Indirect manufacturing costs b. Factory overhead costs C. Processing costs d. Factory burden costs 12. Which of the following costs incurred by an automobile manufacturer would NOT be directly attributable to the finished product? a. Wages paid to assembly line production workers b. Automobile tires and windshieldsC. Automobile mufflers d. Maintenance costs of manufacturing equipment 13. Which of the following costs is an indirect product costs? a. Property taxes on plant facilities b. Raw materials used Wages of assembly workers d. General Manager's salary 14. Which of the following costs is a period cost? a. Depreciation of factory equipment b. Transportation in for material shipments C . Amortization of patent for the company's product d. Utilities used in the office 15. Product costs are converted to expired costs when a. Units are completed b. Materials are purchased and used in production C . Units are sold Units are moved to the warehouse 16. Which of the following statements is true about fixed and variable costs? a. Both costs are constant when considered on per unit basis b. Both costs are constant when considered on total basis C. Fixed costs are constant in total and variable costs are constant per unit d. Variable costs are constant in total and fixed costs are constant per unit e. Fixed costs per unit increases as the volume of activity increases. 17. If production volume increases from 8,000 to 10,000 units a. Total costs will increase by 20% b. Total costs will increase by 25% C. Total variable costs will increase by 20% d. Total variable costs will increase by 25% 18. When the number of units manufactured increases, the most significant change in unit costs will be reflected as a (an) a. Increase in the fixed element b. Decrease in the variable element C. Increase in the mixed element d. Decrease in the fixed element19. The term prime costs refers to a. All manufacturing costs incurred to produce the units of output b. All manufacturing costs other than labor and raw material costs C. Raw materials used and direct labor costs paid d. Raw materials used and direct labor costs incurred 20. Manufacturing costs include: a. Depreciation of machinery used inside the factory b. Depreciation of office equipment used by secretary C. Depreciation of delivery truck used by warehouse d. All of the above are correct
