Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pick correct answer, number: 1. Which of the following is an example of direct labor? 1. Chef in a restaurant 2. Janitor in a production

Pick correct answer, number: 1. Which of the following is an example of direct labor? 1. Chef in a restaurant 2. Janitor in a production plant 3. Security guard for the factory 4. Management accountant 2. Overhead includes: 1. Indirect labor 2. Indirect materials 3. Supplies 4. All of these 3. The unit cost: 1. Is the total product costs divided by the number of units produced. 2. Includes period costs 3. Is the total prime costs divided b the number of units produced 4. Is the total conversation costs divided by the number of units produced 4. Prime Cost is: 1. Indirect materials cost and indirect labor cost 2. Direct materials cost and direct labor cost 3. Direct labor cost and overhead cost 4. Selling cost and administrative cost 5. Conversion cost is the sum of: 1. Direct materials cost and direct labor cost 2. Indirect labor cost and overhead cost 3. Product costs and period costs 4. Direct labor cost and overhead cost 6. Which is an example of period cost? 1. Research and development 2. Selling and marketing 3. General accounting 4. All of these 7. The cost of the partially completed goods at the end of the period would be: 1. Beginning work in process inventory 2. Cost of goods manufactured 3. Ending work in process inventory 4. Ending finished goods inventory 8. Which of the following would be found on the Balance Sheet of a manufacturer? 1. Cost of goods sold 2. Cost of goods manufactured 3. Factory building 4. All of these

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

Payroll Management 2020 Edition

Authors: Steven M. Bragg

1642210366, 978-1642210361

Students also viewed these Accounting questions