Number 61 please

Cost Flows and Cost Terminology 58. In a typical production process, the physical flows for a manufacturer are Work-in-Process inventory Material inventory Finished Goods inventory-cost of Goods Sold Material Inventory->Cost of Goods Sold->Finished Goods. Material Inventory Work-in-Process inventory->Finished Goods Inventory A. >Cost of Goods D. E. Sold. Finished Goods Inventory->Cost of Goods Sold->Material Inventory None of the above. 04-C 59. Attributes that we can measure for each cost object is referred to as: ) Cost Driver. Cost Pool. D Both A and B. Allocation Basis. C. A, B, and C 60. Which of the following includes all the components of conversion costs? A. Direct materials and direct labor. B. Prime costs plus fixed overhead. Variable overhead and fixed overhead. 7 D. Direct labor plus capacity costs LO4- Post-test-D 61. Billings Company's plant manager is trying to better understand his plant's inventory workflow. H etermined that $10 million was spent on raw materials, $2 million on direct labor and $3 million manufacturing overhead. If raw materials beginning and ending inventories are $2 million and $1 million, respectively, and work-in-process beginning and ending inventories are $6 million and $4 million respectively, how much is cost of goods manufactured? A. $17 million B. $16 million. C. $15 million. D. $18 million. L04-Post-test-D 62. Which of the following is the best example of prime costs for Sharp Edge Mowers? A. Sales commissions and maintenance on the machine that tightens bolts on lawn mowersc production. B. Assembly line wages and the cost of tires to be installed on newly assembled lawnmower The general manager's salary and the janitorial expense for executives' offices D. The interest cost on the manufacturing building and the wages paid for the quality contr assembly line dt