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QUIZ 1-5A - FOR STUDENTS - Microsoft Word References Malling Review View - 12 2-T AaBbCcDc AaBbc Dc AaBE T Normal T No Spaci... Headin X X Ax Font Paragraph 9 1.10 11.1.1 11:12:14 III:6 Ley are more manurturing Coss. 5) Manufacturing overhead includes A) corporate insurance cost. B) the executive officers' salaries. C) marketing costs. D) supplies used in the human resources department. E) plant utilities. 6) Which of the following is a fixed cost in a clothing store? A) store manager's salary B) electricity C) sales commissions D) inventory E) paper for the cash register BUSI 2083 - SA 7) Cost behaviour refers to ted States) DLL DLC AaBDCCLX AaBDCCDC ABDL T Normal 1 No Spaci... Heading 1 Heading 2 Paragraph St 3 1 4.-16.7 B 1 9 10 1 11 12 1 13.1. 14:15 BUSI 2083-5A 7) Cost behaviour refers to A) how costs react to a change in the level of activity. B) whether a cost is incurred in a manufacturing, merchandising, or service company. C) classifying costs as either inventoriable or period costs. D) whether a particular expense has been ethically incurred. E) how costs react to a change in selling price. 8) Which one of the following is a variable cost for an insurance company? A) rent B) president's salary C) sales commissions D) property taxes E) amortization on the office equipment 9) For a manufacturing company, direct material costs may be included in A) direct materials inventory only. B) merchandise inventory only. PH DOLL F6 FB F7 F9 F11 F10 F12 CANZ 1 - SA - FOR STUDENTS - Microsoft Word Ieview View Aalbo Abbccdx AaBbc Aabbcc AaBl Al T Normal 1 No Space.. Heading 1 Heading 2 Title Su Paragraph Styles 9 10 11.12.11.14 15 16 17 AM B) president's salary C) sales commissions D) property taxes E) amortization on the office equipment 9) For a manufacturing company, direct material costs may be included in A) direct materials inventory only B) merchandise inventory only. C) both work-in-process inventory and finished goods inventory. D) direct materials inventory, work-in-process inventory, and finished goods inventory accounts. E) period costs. 10) Finished goods inventory would normally include A) direct materials in stock and awaiting use in the manufacturing process. B) goods partially worked on but not yet fully completed. C) goods fully completed but not yet sold. D) products in their original form intended to be sold without changing their basic form. E) goods completed and sold. DOLL F10 F11 F12 F9 F7 F8