Which of the following accounts would appear on a balance sheet for a retailer but not a manufacturing company? C) Merchandise inventory (:3 Raw materials inventory (:3 WlPinventory (:3 Finished goods inventory L") All ofthese accounts would appear on a balance sheet for both a retailer and a manufacturer. Which of the following accounts would be used by a manufacturing firm that uses process costing but would not be used by a manufacturer who uses job order costing? O Raw materials inventory O WIP Inventory O Finished goods inventory O Cost of goods sold O All of these accounts would be used by a manufacturing firm regardless is it used process costing or job order costing.Which pair of cost listed below would both he considered a prime cost for a manufacturing company?r C3 Direct materials and direct labor C) Direct materials and manufacturing overhead f\\ L, Direct labor and manufacturing overhead , I \\ c, Indirect materials and direct materials , I \\ c, None of the above The journal entry to record the purchase of materials to be used in production would contain which of the following? O A debit to raw materials inventory O A credit to raw materials inventory O A debit to finished goods inventory O A credit to WIP inventory O None of the aboveWhich of the following costs would be considered an irrelevant {or sunk) and not be included in a differential analysis? Q The cost of direct materials (:3 The cost of variable overhead (:3 The avoidable portion of fixed overhead costs (:3 The unavoidable portion of fixed overhead costs D All ofthese costs are irrelevant 1Which of the following would be considered a period cost which can't be "inventoried"? (:3 The cost of direct materials used in production (:3 The hourly wages of direct laborers at the company's production facility C) The cost of utilities at the company's production facility (:3 The salary of the floor manager at the company's production facility (:3 None of the above If a company had a massively unfavorable direct materials cost variance, which party at the company would be the best person to talk to about the nature of this variance? O Purchasing manager O Production manager O Head of human resources O Head of the marketing department O All of the managers listed above have responsibility over the cost of direct materials purchasesWhich of the following employees at a manufacturing firm would most likely have the cost of their salary recorded under manufacturing overhead? O A machine operator at the company's production facility O A security guard at the company's executive offices O The company's chief financial officer O A securty guard at the company's production facility O All of the aboveQUESTION 32 The journal entry to transfer the costs of completed jobs to finished goods would include which of the following? O A credit to merchandise inventory O A credit to WIP inventory O A credit to raw materials inventory O A credit to cost of goods sold O None of the aboveThe journal entry to record salaries and wages paid to a manufacturing company's direct laborers would include which of the following? O A debit to salaries & wages expense O A debit to WIP inventory O A credit to salaries & wages expense O A debit to salaries & wages payable O None of the aboveQUESTION 34 Which of the following would most likely be considered a variable cost? O The cost of direct materials used in production O Insurance on the company's manufacturing facility O The fixed salary of the company's chief operating officer O The property taxes paid on the land which the company's headquarters sits on O None of the aboveQUESTION 34 Which of the following would most likely be considered a variable cost? O The cost of direct materials used in production O Insurance on the company's manufacturing facility O The fixed salary of the company's chief operating officer O The property taxes paid on the land which the company's headquarters sits on O None of the above