Which of the following costs may be classifiedas non-manufacturing costs?į Fuel costs of the delivery vehiclesii Indirect materialsiii Rent of the office buildingiv Carriage costs on materials purchasesSelect one:O A. i and ivB. i and iiiO C. iii and ivO D. ii and iii Which account is debited when the net wages ofthe employees are paid?Select one:O A. WagesB. BankO C. Net wagesD. Creditors for wages

Non manufacturing costs are the costs that are not related to manufacturing. The following costs may…

Which of the following costs may be classified as non-manufacturing costs? į Fuel costs of the delivery vehicles ii Indirect materials iii Rent of the office building iv Carriage costs on materials purchases

Which of the following costs may be classified as non-manufacturing costs? į Fuel costs of the delivery vehicles ii Indirect materials iii Rent of the office building iv Carriage costs on materials purchases

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter13: Accounting For Payroll And Payroll Taxes

Section13.1: Recording A Payroll

Problem 1AYU

See similar textbooks

Related questions

Q: Which of the following is part of factory overhead cost? a.depreciation of sales person's vehicle…

A: Cost accounting system: Cost accounting system of an organization consists of procedures and…

Q: Which of the following costs is considered as an example of manufacturing overheads?. Question 2…

A: Cost accounting is one of useful branch being used in business. Under this, different type of costs…

Q: The following may be included in the cost of inventories, except: a. Selling costs b. Wasted…

A: Inventoriable cost means the cost incurred to manufacture the product and included in inventory.…

Q: Which of the following is a product cost? A) Sales commissions B) CEO's salary C) Delivery van…

A: Product costs are related to manufacturing and are part of cost of inventory.

Q: Which of the following statements is true? a. Indirect materials and indirect labor are included in…

A: The true statement is "Indirect materials and indirect labor are included in the manufacturing…

Q: Identify each of the following costs as either a product cost or a period cost. Factory maintenance…

A: Period costs: These costs are not related to inventory, hence, they are not added to inventory…

Q: 1. Which of the following are period costs? Raw materials Direct materials and direct labor Direct…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Which of the following is a conversion cost?A. raw materialsB. direct laborC. sales commissionsD.…

A: Conversion costs seem to be the expenses of converting raw resources into finished goods. In cost…

Q: Which of the following is not a product cost? O a. Indirect labour O b. Insurance on the plant Oc.…

A: Product costs are manufacturing costs that are related to production.

Q: Direct Material Used Factory Overhead Prime Cost

A: Prime cost means the addition of direct material and direct labor and other direct expenses.…

Q: for lamp manufacturing company the cost lamp stack describe ? a)conversion cost b)manufacturing…

A: Product Cost Product cost is a cost that is used to manufacture or produce a product. Product cost…

Q: Which of the following is an example of a cost that varies in proportion to changes in the activity…

A: Packaging costs is the variable cost which varies with the total output. It will increase with the…

Q: Indirect costs in the construction business are also calle a. Total money earned b. Gross profit c.…

A: Indirect Cost -Any expense incurred by the company that cannot be directly attributed to a specific…

Q: State and classify the items as per Theory of constraints: 1.Depreciation of a machinery 2.Rental…

A: Theory of constraints is a method which was used to identify the constraints which is a key limiting…

Q: 41) The cost of interest, insurance, taxes, depreciation, breakage, warehousing, opportunity costs…

A: Inventory of the business is essential assets of the business. Ordering cost and carrying costs are…

Q: Classify each of the following costs as either unit-level, batch-level, product-level, or…

A: Activities that are completed every time a batch of goods or products is created, or a set of…

Q: For manufacturing firms, inventoriable costs include ________. a. plant supervisor salaries.…

A: All the production costs become part of the inventory. It includes raw material, labor expenses,…

Q: Which of the following would be both a prime cost and a conversion cost? direct labor direct…

A: Process costing: Process costing is included costs like labor, material, and overhead which…

Q: Which of the following is an indirect cost? 1. labor 2. materials 3. maufacturing supplies 4. office…

A: Direct cost is the cost incurred to manufacture the product or provide the services and is included…

Q: Which of the following costs may be classified as fixed costs? i Direct labour ii Depreciation…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Identify whether each of the following costs should be classified as product costs or period costs.…

A: Product Costs: Product Costs means the direct costs incurrend for production of a product. Product…

Q: Identify each of the following costs as either a product cost (PROD) or a period cost (PER).…

Q: Match one or more of the following terms with each definition below: a. Direct labour e.…

A: Introduction: The expenditures spent to sustain your company's day-to-day operations are referred to…

Q: Question Content Area Which of the following would be included in the cost of a product…

A: The objective of the question is to identify which of the given costs would be included in the cost…

Q: Manufacturing costs would not include a. Sales salaries expense b. Indirect materials used c.…

A: Manufacturing cost is the cost incurred to manufacture goods. It is the cost incurred at factory.

Q: Match one or more of the following terms with each definition below: a. Direct labor b. Direct…

A: According to generally accepted accounting principles manufacturing overhead must be included in the…

Q: Which of the following is not a manufacturing cost category? a)Cost of goods sold b)Direct materials…

A: MANUFACTURING COSTS INCLUDE - - direct material - direct labor - manufacturing overheads.

Q: 2 Which of the following is least likely to be classified as a facility level activity in an…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Which of the following costs may be classified
as non-manufacturing costs?
į Fuel costs of the delivery vehicles
ii Indirect materials
iii Rent of the office building
iv Carriage costs on materials purchases
Select one:
O A. i and iv
B. i and iii
O C. iii and iv
O D. ii and iii

Which account is debited when the net wages of
the employees are paid?
Select one:
O A. Wages
B. Bank
O C. Net wages
D. Creditors for wages

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Non Manufacturing Costs

VIEW

Part-1

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Who among the following uses accounting information to know the possible wage increments? a. Bankers Ob. Customers O c. Employees O d. Owners
What is the difference between Wages Payable and Wages Expense? What statement do they appear on? What account are they on? Do they carry a DR or CR balance? Please provide the same for Salary Expense
Nn.156. Subject :- Account
Salaries Expense is debited to record the employer's FICA contributions and the FUTA and SUTA taxes. a. True b. False Is this statment true or false?
For financial institutions, wages and staff benefits are considered part of which type of the following: a. Interest expenses. b. Non-interest income. c. Non-interest expenses. d. Net Interest income.
What is the difference between: Salaries and wages expense on the income statement And Salaries and wages payable in the balance sheet? Thank you!
Question 1: What should an employer use to complete Form W-3? Answer: А. Employee earnings records В. O Payroll registers C. Form 1096 D. O Form W-2s Question 2: How is self-employment income calculated? Answer: А. O Self-employment income = Revenue В. Self-employment income = Revenue + Expenses С. Self-employment income = Revenue - Expenses D. Self-employment income = Expenses Question 3: A flexible spending account is a common type of Answer: А. cafeteria plan В. medical plan С. retirement plan D. mandatory deduction
Which function should distribute paychecks?a. personnelb. timekeepingc. paymasterd. payroll
which of the following items does accounts receivable include a. money paid for labor and received for services b. accounts receivable aging report c. state unemployment insurance d. overhead should include costs directly associated with a particular project, such a material and specific projects payroll
Which type of debit account is balanced in the income statement columns of a work sheet? Liabilities, salaries and wages expense, stockholders equity, revenue
How to calculate salaries payable
What is the maximum contribution that an employer can make to an employees SIMPLE account?