I. 1 2 w 4 5 6 7 00 8 9 10 Classify the ff.a is to: Direct Material (DM), Direct Labor (DL), Manufacturing Overhead (MOH), (AD) and Selling (SE) Expense. Pick your answer in the drop down list Description Administrative Classification Wages of Company Officials other than plant supervisors Sales Personnel Salaries Electricity used by a manufacturing company's administrative office Paper used by Printing Company Depreciation of plant and machineries Factory Supplies Lumber used by a furniture manufacturing company Inventory control clerks salaries Wage of a baker in a bakeshop Factory maintenance personnel

I. 1 2 w 4 5 6 7 00 8 9 10 Classify the ff.a is to: Direct Material (DM), Direct Labor (DL), Manufacturing Overhead (MOH), (AD) and Selling (SE) Expense. Pick your answer in the drop down list Description Administrative Classification Wages of Company Officials other than plant supervisors Sales Personnel Salaries Electricity used by a manufacturing company's administrative office Paper used by Printing Company Depreciation of plant and machineries Factory Supplies Lumber used by a furniture manufacturing company Inventory control clerks salaries Wage of a baker in a bakeshop Factory maintenance personnel

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the following costs is best classified as a fixed cost with respect to volume of activity? (See your Chapter 20 notes, page 5) Direct labor Electricity used to heat, light, and cool a factory Cleaning supplies used in an automobile assembly plant Straight-line depreciation expense of a machine used in a factory Total cost of salaries paid to quality inspectors in a manufacturing plant Tires used in an automobile manufacturing plant
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Use the information provided for Darwin Company to answer the question that follow. Darwin Company Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor Factory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials Darwin Company's period costs are Oa. $35,000 Ob. $30,300 Oc. $29,200 Od. $24,500 $76,500 7,300 4,700 5,900 10,500 4,200 1,200 15,600 8,900 1,200
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For ABC Company, the most common treatment of under- or overapplied factory overhead is to close it to; a.Work in process. b.Cost of goods sold. c.Finished goods. d.Retained Earnings
Which of the following journal entries would be used to record direct labor c cost in a company having two processing departments ( department a and department b)