Which of the following is not true in regards to direct materials for a bakery? oil to lubricate factory machines would not be a direct material. Eggs would probably be a direct material. Flour and sugar would probably be direct materials. Paper cupcake liners, that become part of the product, must be accounted for as direct materials. Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Do not round your intermediate calculations. Cost January February March April $52,200 75,000 57.000 64.000 Machine Hours 20,000 29,000 22,000 24,500 a $1,533 b. $22,800 c. $2,530 d. $50,600 In a job order cost accounting system, the entry to record the flow of direct materials into production is to debit Factory Overhead, credit Materials debit Materials, credit Work in Process debit Work in Process, credit Materials debit Work in Process, credit Supplies At the end of July, the first month of the current fiscal year, the factory overhead account had a debit balance. Which of the following describes the nature of this balance and how it would be reported on the interim balance sheet? underapplied, deferred debit overapplied, deferred credit overapplied, deferred debit underapplied, deferred credit Department R had 5,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period; 30,000 units of direct materials were added during the period; 32,000 units were completed during the period; and 3,000 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was a 31,950 b. 26,000 c. 32,450 d. 29,450