Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

manager that is establishing objectives is performing which management function? Planning Constraining Controlling Directing In determining whether planned goals are being met, a manager is

manager that is establishing objectives is performing which management function?

Planning

Constraining

Controlling

Directing

In determining whether planned goals are being met, a manager is performing the function of

follow-up.

planning.

controlling.

directing.

Multiple Choice Question 63

Directing includes

coordinating a company's diverse activities and human resources to produce a smooth-running operation.

providing a framework for management to have criteria to terminate employees when needed.

developing a complex performance ranking system to give certain high performers good raises.

running a department under quality control standards universally ac

Both direct materials and indirect materials are

raw materials.

sold directly to customers by a manufacturing company.

manufacturing overhead.

merchandise inventory.

The work of factory employees that can be physically and directly associated with converting raw materials into finished goods is

direct labor.

indirect labor.

manufacturing overhead.

indirect materials.

Which one of the following would not be classified as manufacturing overhead?

Direct materials

Indirect materials

Indirect labor

Insurance on factory building

Manufacturing costs include

direct materials and direct labor only.

direct labor and manufacturing overhead only.

direct materials and manufacturing overhead only.

direct materials, direct labor, and manufacturing overhead

Multiple Choice Question 68

Which one of the following is not a direct material?

Steel used in the manufacturing of steel-radial tires

A tire used for a lawn mower

Plastic used in the covered case for a home PC

Lubricant for a ball-bearing joint for a large crane

Multiple Choice Question 69

Which one of the following is not a cost element in manufacturing a product?

Manufacturing overhead

Direct materials

Office salaries

Direct labor

manufacturing process requires small amounts of glue. The glue used in the production process is classified as a(n)

direct material.

indirect material.

miscellaneous expense.

period cost.

Which of the following is not a manufacturing cost category?

Direct materials

Cost of goods sold

Manufacturing overhead

Direct labor

As current technology changes manufacturing processes, it is likely that direct

labor will decrease.

labor will increase.

materials will increase.

materials will decrease

For the work of factory employees to be considered as direct labor, the work must be conveniently and

materially associated with raw materials conversion.

promptly associated with raw materials conversion.

periodically associated with raw materials conversion.

physically associated with raw materials conversion.

Which of the following is not another name for the term manufacturing overhead?

Burden

Indirect manufacturing costs

Factory overhead

Pervasive costs

The product cost that is most difficult to associate with a product is

direct materials.

advertising.

direct labor.

manufacturing overhead

Manufacturing costs that cannot be classified as either direct materials or direct labor are known as

selling and administrative expenses.

nonmanufacturing costs.

manufacturing overhead.

period costs.

Which one of the following is an example of a period cost?

A box cost associated with computers

A manager's salary for work that is done in the corporate head office

A change in benefits for the union workers who work in the New York plant of a Fortune 1000 manufacturer

Workers' compensation insurance on factory workers' wages allocated to the factory

Which one of the following costs would not be inventoriable?

Indirect labor costs

Period costs

Factory insurance costs

Indirect materials

Sales commissions are classified as

product costs.

indirect labor.

overhead costs.

period costs.

Product costs consist of

direct materials, direct labor, and manufacturing overhead.

selling and administrative expenses.

direct materials and direct labor only.

period costs.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

GAO Yellow Book Government Auditing Standar

Authors: Comptroller General United States Government

2011edition

1479245577, 978-1479245574

More Books

Students also viewed these Accounting questions