Question
Which of the following is a product cost for a corporation that manufactures printers? Salary of corporate accountant. Wages of the assembly line workers Salary
Which of the following is a product cost for a corporation that manufactures printers?
Salary of corporate accountant. | ||
Wages of the assembly line workers | ||
Salary of the sales manager | ||
None of the above would be considered product costs. |
To record indirect labor utilized of $3200 in a journal entry you would
debit Manufacturing Overhead, $3,200; credit Accounts Payable, $3,200 | ||
debit Accounts Payable, $3.200; credit Manufacturing Overhead, $3.200 | ||
debit Manufacturing Overhead, $3.200; credit Wages Payable, $3.200. | ||
debit Wages Payable, $3.200; credit Manufacturing Overhead, $3.200 |
/This company allocates manufacturing overhead as a percentage of labor cost. What is the total cost of the following job?
Job 50 | |
Direct Materials | $600 |
Direct Labor cost per Hour | $22 |
Total hours for the job | 13 |
Manuf Overhead as % of Labor Cost | 25% |
$1681 | ||
$1431 | ||
$957 | ||
$886 |
A custom home builder would most likely us a job order costing system because
The cost of each job will probably be different based on the customer specifications. | ||
The direct costs incurred for each job are the same, only indirect costs vary. | ||
The raw materials used have already been accounted for using process costing. | ||
Custom manufacturers produce large quantities of similar products. |
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