Depreciation on a personal computer used in the marketing department of a manufacturing company would be classified as: a. a product cost that is fixed with respect to the company's output. b. a period cost that is fixed with respect to the company's output. c. a product cost that is variable with respect to the company's output. d. a period cost that is variable with respect to the company's output.

Which of the following costs would be considered a period rather than a product cost in a manufacturing company? a. Direct materials cost. b. Property tax on the corporate headquarters. c. Electric cost to light the factory. d. Depreciation expense on manufacturing equipment.

Statement 1: Manufacturing overhead is an indirect cost with respect to units of product. Statement 2: Depreciation on office equipment would be included in the cost of goods manufactured. Statement 3: Rent on factory building used in the production process would be classified as a period cost and as a fixed cost. Statement 4: The amount that a manufacturing company could earn by renting out unused portion of its warehouse is an example of an opportunity cost. Statement 5: Internal failure costs result from identification of defects during the appraisal process such as scrap, rejected products, rework and downtime. a. All statements are true b. Statements 1, 3 and 5 c.Statements 1, 2 and 4 are true are true d. Statements 1, 4 and 5 are true e.Statements 2, 4 and 5 are true f. Statements 2, 3 and 4 are true

In a make or buy decision, the relevant costs include variable manufacturing costs as well as A. Depreciation costs  B. General office cost C. Avoidable fixed costs  D. Factory management cost

Provide cost account answer

Why are product costs sometimes called inventoriable costs? Describe the flow of such costs ina manufacturing company from the point of incurrence until they finally become expenses on theincome statement.

Which of the following costs is NOT capitalized as inventory?     a. Rent on Head Office building   b. Costs of delivering finished goods   c. Manufacturing overhead cost    d. Factory amortization

Which of the following is an example of a variable cost? a.Insurance on the production equipment b.Direct materials c.The production supervisor's salary d.Depreciation of the factory building e.None of these

For a manufacturing company, which of the following is an example of a period cost rather than a product cost? a. Depreciation on factory equipment b. Advertising expense c. Wages of machine operators d. Insurance on factory equipment

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