Period costs are the E> [ji- A. product costs that must be paid in the accounting period in which they are incurred. {:2- B. costs related to production of products. {:0} C. operating costs that are expensed in the accounting period in which they are incurred. C? D. same as manufacturing overhead costs. Manufacturing overhead is also referred to as . . . O A. period costs O B. prime costs O C. direct manufacturing costs O D. indirect manufacturing costsWhich of the following is a product cost for a manufacturing company? {'22- A. wages paid to factory janitor if} B. salary of administrative staff if} C. commissions paid to sales staff {-22- D. depreciation on corporate building Which of the following is a part of manufacturing overhead? . . . O A. depreciation on office furniture O B. factory insurance O C. wages of assembly line workers O D. cost of raw materialsWhich of the following describes the cost of goods manufactured? CI} '12:) A. the total cost of all goods that were completed, or partially completed during the period (:2) B. the cost of the goods that were sold during the period if} C. the total costs in inventory at the end of the period if} D. the cost of those goods that were completed during the period Argento Supplies, Inc. selected cost data for the year are shown below: Work - in - Process Inventory, Jan. 1 $5,790 Direct Materials Used 104,000 Work- in - Process Inventory, Dec. 31 2,840 Cost of Goods Manufactured 193,000 Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the year? (E {j} A. $131,800 1:32-13. $190,050 .:;j;:- c. $58,250 {3) D. $61,200 Selected data for Lemon Grass, Inc. for the year are provided below: Factory Utilities $3,000 Indirect Materials Used 37,500 Direct Materials Used 281,000 Property Taxes on Factory Building 6,700 Sales Commissions 82,000 Indirect Labor Incurred 24,000 Direct Labor Incurred 147,000 Depreciation on Factory Equipment 6,500 What is the total manufacturing overhead? @ cg} A. $428,000 1:3:32- B. $61,500 {32. c. $16,200 {32- D. $77,700 For a manufacturing company, which of the following is a period cost? . . . O A. indirect materials used O B. office rent O C. wages expense of factory workers O D. direct materials used