Answered: 1. Property taxes on a manufacturing…

1. Property taxes on a manufacturing plant is an element of: a. Conversion cost b. Prime cost c. Period cost d. Fixed cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 7MC: Conversion costs include all of the following except: A. wages of production workers B. depreciation...

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Question

1. Property taxes on a manufacturing plant is an element of:

a. Conversion cost

b. Prime cost

c. Period cost

d. Fixed cost

2. Factory supplies for manufacturing plant are generally

a. Prime cost

b. Fixed cost

c. Period cost

d. Variable cost

3. Wages paid to timekeeper in a factory is a

a. Prime cost

b. Direct Material

c. Conversion cost

d. Direct labor

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