14. Electricity costs that were incurred by a company's production processes should be debited to: a. Utilities Expense. b. Accounts Payable. C. Cash. d. Manufacturing Overhead.
14. Electricity costs that were incurred by a company's production processes should be debited to: a. Utilities Expense. b. Accounts Payable. C. Cash. d. Manufacturing Overhead.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:14. Electricity costs that were incurred by a company's production processes
should be debited to:
Utilities Expense.
b. Accounts Payable.
C. Cash.
d. Manufacturing Overhead.
a.
15. Which of the following would most likely be a period cost?
a. Depreciation on factory lunchroom furniture.
b. Salary of telephone receptionist in the sales office.
C. Salary of a security guard for the factory parking lot.
d. Computer chips used by a computer manufacturer.
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