Depreciation on a personal computer used in the marketing departmentof 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.

Depreciation on a personal computer used in the marketing department is considered a period cost…

Answered: Depreciation on a personal computer…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 2EA: For the following descriptions state whether the cost is controllable or uncontrollable by...

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Similar questions

Which of the following is a manufacturing product cost? a. Depreciation on factory equipment b. Sales commissions c. Cost to repair manufacturing machinery d. All are product costs. e. Both a and c are product costs.
Which of the following is an example of a cost that varies in proportion to changes in the activity base? Depreciation on machinery Packaging cost Factory rent Insurance cost
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
Direct manufacturing costs include: A. B. C. D. Depreciation, Raw Materials and Maintenance of manufacturing equipment. Premium portion of overtime wages, raw materials and rent on the manufacturing building. Direct Labor, Variable Manufacturing overhead and Raw Materials. None of the above. What are Prime Costs? A. B C. D. The major cost used to produce a product. Costs that are reduce the profit of a product. Raw Materials and Direct Labor Direct Labor and Manufacturing Overhead. What are differential Revenues? A. B. C. D. Differential Revenues are the differences in revenues between any competing alternatives to the solution of a problem. They are Costs that increase the revenue a Product Line. Any Revenue that increases when costs go down. A Revenue the moves in the opposite direction of a Cost. The linear equation method of determining breakeven in units is superior to other methods of calculating the breakeven because: A. ABCD C. D. it uses algebra to calculate the breakeven…

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