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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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