Question 8

A stakeholder of a company might include

1. All answers are correct.
2. Supplier.
3. Customer.
4. Shareholder.

Question 9

0.5 Points

Manufacturing overhead includes:

1. all manufacturing costs except direct labor.
2. all manufacturing costs except direct labor and direct materials.
3. all direct material, direct labor and administrative costs.
4. all selling and administrative costs.

Question 10

0.5 Points

Which of the following is NOT a period cost?

1. Cost of a seminar concerning tax law updates that was attended by the company's controller.
2. Salary of a clerk who handles customer billing.
3. Insurance on a company showroom where customers can view new products.
4. Depreciation of factory maintenance equipment.

Question 11

0.5 Points

In the standard cost formula Y = a + bX, what does the "X" represent?

1. the level of activity
2. total cost
3. variable cost per unit
4. total fixed cost

Question 12

0.5 Points

WhichofthefollowingdoesNOTdescribemanagementaccounting?

1. detailedinformation
2. externallyfocused
3. emphasisonthefuture
4. evaluationofsegmentsorproductswithinthefirm

Question 13

0.5 Points

Comparingactualqualitycostswithplannedqualitycostsisanexampleof

1. Supervising
2. controlling.
3. checking.
4. planning.

Question 14

0.5 Points

The cost of lubricants used to grease a production machine in a manufacturing company is an example of a(n):

1. opportunity cost.
2. indirect material cost.
3. period cost.
4. direct material cost.

Question 15

0.5 Points

Which of the following would most likely NOT be included as manufacturing overhead in a furniture factory?

1. The amount paid to the individual who stains a chair.
2. The factory utilities of the department in which production takes place.
3. The workman's compensation insurance of the supervisor who oversees production.
4. The cost of the glue in a chair.