Stion 4 Which type of company typically produces its own inventory? Merchandiser Manufacturer Retailer Service company The following costs are included in a recent summary of data for a company advertising expense. $90,500; depreciation expense - factory building, $138,500; direct labor, $255,500; direct material used, $305,500; factory utilities, $109,500; sales salaries expense $155,500, and indirect materials $1,000. Determine the dollar amount of conversion costs. O $504,500 $561.000 $810,000 $1.056,000 Sal's Co. had the following beginning and ending inventory balances for the year Beginning Raw Materials Inventory $10,000 Ending Raw Materials Inventory $8.000 Beginning WIP Inventory $18,000 Ending WIP Inventory $17,000 Beginning Finished Goods Inventory $21,000 Ending Finished Goods Inventory $16,500 In addition, direct labor costs of $30,000 were incred, applied overhead equaled $42,000, materials purchased were $27,000 and selling and administrative costs were $22,000. What was the amount of cost of goods manufactured for the year? O $101.000 $124.000 $102,000 $100,000 Question 11 6 pts Which of these documents accumulates the following product costs: traceable materials, traceable labor and applied overhead? Direct Labor Time Ticket Traditional Income Statement Materials Requisition Form Job Cost Sheet Question 7 6 pts Where one specific product from many is the cost object, the total cost of inexpensive lubricants used to make all of the products would most likely be classified as indirect and fixed indirect and variable direct and variable direct and foced Ziz Company has the following expenses: -Advertising costs: $7.900 -Indirect labor: $9,000 - Direct Labor: $31,000 - Indirect materials: $7.200 - Direct materials: $47.000 - Factory utilities: $3,000 -Factory supplies: $700 -Factory janitorial costs: $1.900 -Manufacturing equipment depreciation: $1,600 -Delivery vehicle depreciation: $790 -Administrative wages and salaries $19.000 What are the total period costs? $27,690 $19,790 $19.000 $7.900 A CPA Firm operates in two locations; East and West. The East location includes advertising and tax departments. The West location includes administrative and audit departments. Which of the following is true regarding classifying costs as direct or indirect, when cost objects are identified as either the Advertising department or the East location? Cost Being Cost Object A- Cost Object B.East Answer CHOICE: Analyzed: Advertising Dept: Location: 1 Indirect Indirect 2 Direct Indirect Company president's salary Advertising dept manager's salary Utilities for East location Supplies for Advertising dept ONLY 3 Direct Direct 4 Indirect Indirect Choice 2 Choice 3 Choice 4 Choice 1
