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- Which is not a step in analyzing the cost driver for manufacturing overhead? A. Identify the cost B. identify non-value-added costs C. analyze the effect on manufacturing overhead D. identify the correlation between the potential driver and manufacturing overheadWhich of the following is a prime cost? A.Factory maintenance expenses B.Administrative labor C.Direct labor D.Work in process inventoryIndirect materials and indirect labour are classified as: O a. manufacturing overhead and product costs O b. operating costs and product costs O c operating costs and period costs O d. manufacturing overhead and period costs
- The cost of a manufactured product (product cost) generally consists of which of the following? Group of answer choices selling and administrative expenses direct material, direct labor, applied factory overhead direct labor and applied factory overhead direct material and direct laborWhen will cost of goods sold will equal the cost of goods manufactured? when work-in-process inventories in the beginning and ending remains the same. when materials inventories in the beginning and ending remains the same. when work-in-process beginning is higher than the work-in-process ending when finished goods inventories in the beginning and ending remains the same. Group of answer choices 1 2 3 4QUESTION 16 The application of estimated manufacturing overhead to jobs is: An asset use transaction. An asset exchange transaction. A claims exchange transaction. An asset source transaction.
- 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 - MOHb. List and explain in your own words the of product costs(manufacturing overhead)The object of the manufacturing account it ? reached to cost of goods sold. prime cost. cost of raw material purchased. cost of goods manufactured no one
- Which one of the following is not a cost element in manufacturing a product? Office salaries Manufacturing overhead Direct materials Direct laborDirect labor is included in the computation for the cost classified as Group of answer choices A product cost A period cost A prime cost Both a product cost and a prime cosConversion cost refers to: O direct raw material cost and direct labour cost direct labour cost and factory overhead". O direct raw material cost and factory overhead direct raw material cost, direct labour cost and factory overhead O O O 0