Q : What type of cost looks has a cost graph like this below:

Fixed cost

Variable cost

Mixed cost

Step cost

Question:- When comparing product versus period costs, which of the below costs would be an example of a product cost?

Advertising

Accounting salaries

Paper towels in the break room inside the factor for the direct labor workers.

Sales commissions

Question:- What cost listed below is an example of a variable cost?

Raw materials used in production

Straight line depreciation on factory equipment

Production supervisor salary

Factory rent

Question:- An example of a product type manufactured using a Job Order cost system would be which of the following:

Signs

Toys

Folding tables

Buffet restaurants

Question- All of the below are new inventory accounts in the manufacturing business, except for one. Which one is not an inventory account?

Raw materials

Manufacturing Overhead

Finished Goods

Work in Process (WIP)

Question:- If overhead applied is less than actual overhead incurred, it is:

Expected

Underapplied

Full applied

Overapplied

Question:- Manufacturing overhead costs may include all of the following except:

Selling costs

Factory rent

Indirect material costs

Indirect labor costs

Level of Activity Cost in Dollars