Which of the following is a period cost?a. Raw materials costb. Depreciation on factory equipmentc. Insurance for the factoryd. Rent for the headquarters office building

the correct answer is d. Rent for the headquarters office building, we need to distinguish between…

Answered: Which of the following is a period…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3MC: Which of the following is a prime cost? A. indirect materials B. direct labor C. administrative...

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Similar questions

Assign each of the following expenses to either the machine cost pool or the factory cost pool: A. property taxes B. heat and air-conditioning C. electricity, machines D. plant depreciation E. electricity, plant F. machine maintenance wages
Which of the following is a prime cost? A. direct labor B. work in process inventory C. administrative labor D. factory maintenance expenses
Which of the following is a conversion cost? raw materials direct materials administrative expenses factory depreciation expenses
Conversion costs include all of the following except: A. wages of production workers B. depreciation on factory equipment C. factory utilities D. direct materials purchased
Which of the following costs would be included in the cost of a manufactured product according to the variable costing concept: (A) rent on factory building, (B) direct materials, (C) property taxes on factory building, (D) electricity purchased to operate factory equipment, (E) salary of factory supervisor, (F) depreciation on factory building, (G) direct labor?
In a job order cost system, utility expense incurred is debited to which account? A. work in process inventory B. finished goods inventory C. manufacturing overhead D. cost of goods sold
Which of the following is a conversion cost? A. raw materials B. direct labor C. sales commissions D. direct material used
How do the manufacturing costs incurred during a period differ from the cost of goods manufactured for a period?
What are factory overhead expenses, and what distinguishes them from other manufacturing costs? What other terms are used to describe factory overhead expenses?
Which of the following is a period cost? a. Property taxes on the production facilities. b. The production supervisor's salary. c. Costs to ship the product to the customer. d. Depreciation of the factory equipment.
Which of the following is an example of a period cost for a manufacturing company? A. Property taxes for the factory B. Advertising expense C. Depreciation on factory equipment D. Indirect materials
Insurance expense incurred on a factory building would be treated as a a.period cost b.selling cost c.direct cost d.product cost

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Which of the following is a period cost? a. Raw materials cost b. Depreciation on factory equipment c. Insurance for the factory d. Rent for the headquarters office building