Question 6 Many firms use two overhead accounts: Factor overhead control and factory overhead applied. During the period, which account receives numerous debits and credits? A. Factor overhead applied B. Factor overhead control C. Both D. Neither

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Question 6
Many firms use two overhead accounts: Factor overhead control and factory overhead applied. During the period,
which account receives numerous debits and credits?
A. Factor overhead applied
B. Factor overhead control
C. Both
D. Neither

 

7.In cost terminology, conversion costs consist of:
A. Indirect labor and variable factory overhead
B. Direct labor and factory overhead
C. Direct and indirect labor
D. Direct labor and direct materials

 

8.Which of the following items is not included in or not charged to factory overhead?
A. Costs of marketing department
B. Factory depreciation and supplies
C. Costs of service department
D. Costs of maintenance department

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