Choose the option that has the most accurate list of elements of a manufacturing cost. Direct material, direct labor, overhead, and depreciation of office equipment Direct materials, direct labor, overhead and indirect labor Direct material, direct labor and general expenses Direct materials, direct labour, overhead and delivery

Choose the option that has the most accurate list of elements of a manufacturing cost. Direct material, direct labor, overhead, and depreciation of office equipment Direct materials, direct labor, overhead and indirect labor Direct material, direct labor and general expenses Direct materials, direct labour, overhead and delivery

Name: Choose the option that has the most accurate list of elements of a ma
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Choose the option that has the most accurate list of elements of a manufacturing cost.Direct material, direct labor, overhead, and depreciation of office equipmentDirect materials, direct labor, overhead and indirect laborDirect material, direct lab

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Prime cost is the (Total )summation of Select one: a. Direct material +Direct Labour +Direct Expenses b. Direct material +Direct Labour + Selling Overheads c. Direct material +Direct Labour +Factory overheads d. Direct material +Direct Labour +Office Overheads
Total manufacturing costs are composed of the following, except: * a. Direct Materials b. Labor union c. Direct Labor d. Factory Overhead
Which of the following quantities is an example of an activity cost driver in activity-based costing? O A. number of direct labour hours O B. number of labour transactions O C. number of machine hours O D. all of the above
1.The overhead absorption rate used to allocate manufacturing overhead is calculated by: Select one: a.dividing the total estimated manufacturing overhead costs by the total estimated quantity of the allocation base b.dividing the total estimated manufacturing overhead by the total actual quantity of the cost driver c.dividing the total actual manufacturing overhead costs by the total estimated quantity of the cost driver d.dividing the total estimated quantity of the cost driver by the total estimated manufacturing overhead costs
b. List and explain in your own words the of product costs(manufacturing overhead)
Which of the following is the correct flow of manufacturing costs? Oa. work in process, finished goods, raw materials, cost of goods sold Ob. raw materials, finished goods, cost of goods sold, work in process Oc. raw materials, work in process, finished goods, cost of goods sold Od. cost of goods sold, raw materials, work in process, finished goods
When using a normal costing system direct material and direct labor are recorded at standard cost and overhead is treated as a period cost. direct material and direct labor are recorded at actual cost and overhead is treated as a period cost. direct material and direct labor are recorded at standard cost and overhead is applied to products using a predetermined overhead rate. direct material and direct labor are recorded at actual cost and overhead is applied to products using a predetermined overhead rate.
Total manufacturing cost in a job-sheet for job-order costing, includes: a. Actual direct materials costs b. None of the given costs in the answers. С. Actual direct labor costs d. All of the given costs in the answers. e. Applied manufacturing overhead costs
Total manufacturing costs for a period consist of the cost of direct materials used, the cost of direct labour incurred, and the actual manufacturing overhead cost incurred during the period. True O False
Factory or Manufacturing Overhead costs would include all of the following except: A) Indirect materials B) Direct materials C) Depreciation expense D) Insurance expense
Which of the following are categories of costs that are found in the Manufacturing account? A. Factory over heads and prime costsB. Selling and Distribution and prime costsC. Factory overheads and Admin costsD. Selling and distribution and Financial charges
Which of the following is the correct formula to compute the predetermined overhead rate? a. Estimated total manufacturing overhead costs divided by actual total units in the allocation base. b. Estimated total manufacturing overhead costs divided by estimated total units in the allocation base. C. Actual total manufacturing overhead costs divided by estimated total units in the allocation base. O d. Estimated total units in the allocation base divided by estimated total manufacturing overhead costs.