QUESTION 11 Indicate whether each of the following costs incurred by a manufacture would be considered an (Inventoriable) Product Cost or a Period Cost. If the cost is identified as a Product costs, indicate whether it would be considered Direct Material, Direct Labor, or Manufacutring Overhead (MOH). A Product - Direct Labor V The wages of the security personnel in the factory B. Product - MOH V The cost of depreciation on the equipment in the sales office C. Period V The insurance costs for the factory building D. Product - Direct Materials

QUESTION 11 Indicate whether each of the following costs incurred by a manufacture would be considered an (Inventoriable) Product Cost or a Period Cost. If the cost is identified as a Product costs, indicate whether it would be considered Direct Material, Direct Labor, or Manufacutring Overhead (MOH). A Product - Direct Labor V The wages of the security personnel in the factory B. Product - MOH V The cost of depreciation on the equipment in the sales office C. Period V The insurance costs for the factory building D. Product - Direct Materials

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 1SEQ: Which 01 the following is not considered a cost of manufacturing a product A. Direct materials cost...

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QUESTION 4 Indicate whether each of the following costs incurred by a manufacture would be considered an (Inventoriable) Product Cost or a Period Cost. If the cost is identified as a Product costs, indicate whether it would be considered Direct Material, Direct Labor, or Manufacutring Overhead (MOH). А. Product - MOH The cost to deliver finished product to customers В. Period The insurance costs for the factory building C. Product - Direct Materials The wages of the assembly workers D. Product - Direct Labor
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QUESTION 5 Indicate whether each of the following costs incurred by a manufacturer would be considered a Product Cost or a Period Cost. If the cost is identified as a Product Cost, indicate whether it would be considered Direct Material, Direct Labor, or Manufacutring Overhead (MOH). The salary of the accounting manager A. Product - Direct Labor The wages of the assembly workers assembling tables B. Period The production supervisor's salary C. Product - Direct Materials D. Product - MOH
Question 2
1 For a manufacturing company, which of the following is an example of a period cost rather thana product cost? a. Depreciation on factory equipment b. Wages of salespersons c. Wages of machine operators d. Insurance on factory equipment
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Question#1 1. Identify whether each of the following is classified as a product cost or a period cost.______________ 1. Direct labor______________ 2. Direct materials______________ 3. Factory utilities______________ 4. Repairs to office equipment______________ 5. Property taxes on factory building______________ 6. Sales salaries Question#2 Indicate whether each of the following costs of a pencil manufacturer would be classified as direct materials (DM), direct labor (DL), or manufacturing overhead (MO).a. ____ Depreciation of pencil painting machineryb. ____ Lead inserted into pencilsc. ____ Factory utilitiesd. ____ Wages of assembly line workere. ____ Salary of supervisorf. ____ Factory machinery maintenanceg. ____ Woodh. ____ Eraser compound Question#3 Raynor Company has the following data:Direct labor $76,000Direct materials used 84,000Total manufacturing overhead 65,000Ending work in process 30,000Beginning work in process 45,000InstructionsCompute (a) total manufacturing costs…