Robert Smith earns $16 per hour assembling products. For each hour over 40 he works in a week he is paid time-and-a- half. During a given week, he worked 40 hours for which 3 hours were idle time. How much of his weekly wages would be charged to direct labour? Multiple Choice $640. O $592 O $688. $48. O A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2,700 and is paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and 20% applies to selling and administrative activities. What amounts should be considered product costs and period costs respectively for the first year of coverage? A) B) Product Costs $2,700 $2,160 $1,440 $720 Period Costs $0 $540 $360 $180 Multiple Choice Option A Option B Option C For a lamp manufacturing company, the cost of the insurance on its vehicles that deliver lamps to customers is best described as a: Multiple Choice Prime cost. Manufacturing overhead cost. Period cost. Differential cost of a lamp. How would the wages of factory maintenance personnel usually be classified? Multiple Choice Direct labour and manufacturing overhead. Indirect labour and manufacturing overhead. Direct labour and period cost. Indirect labour and period cost The Target store in your home town is one of many Target department stores across the province. Some of the costs associated with the store in your home town last month appear below: Shoe Department Cost of Sales Other Department Salaries Store Managers Salary Shoe Department Sales Commissions Store Utilities Shoe Department Manager's Salary Store Lease Cost Store Janitorial Costs $80,000 62,000 14,000 8,000 13,000 9,000 11,000 11,000 98,000 Other Store Costs The Shoe Department is one of many departments in the home town store. The direct costs of the Shoe Department total: Multiple Choice $80,000 $88,000 $97,000 $108,000