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Which of the following costs is not part of manufacturing overhead?




Which of the following costs is not part of manufacturing overhead? (Points: 4);Electricity for the factory;Depreciation of factory equipment;Salaries for the production supervisors;Health insurance for sales staff;Question 6.6. (TCO 1) Which of the following is a period cost? (Points: 4);Rent on a factory building;Depreciation on production equipment;Raw materials cost;Commissions paid on each unit sold;Question 7.7. (TCO 1) If the balance in the Finished Goods Inventory account increased by $30,000 during the period and the cost of goods manufactured was $220,000, how much is cost of goods sold? (Points: 4) $110,000 $190,000 $220,000 $250,000;Question 8.8. (TCO 2) BCS Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for August follows. Estimated Actual Overhead cost $174,000 $171,000 Direct labor hours 5,800 5,900 Direct labor cost $87,000 $89,975 How much overhead should be applied in total during August? (Points: 4);177,000;179,950;171,100;168,200;Question 9.9. (TCO 2) During 2011, Madison Company applied overhead using a job-order costing system at a rate of $12 per direct labor hours. Estimated direct labor hours for the year were 150,000, and estimated overhead for the year was $1,800,000. Actual direct labor hours for 2011 were 140,000, and actual overhead was $1,670,000. What is the amount of under- or overapplied overhead for the year? (Points: 4);$10,000 underapplied;$10,000 overapplied;$130,000 underapplied;$130,000 overapplied;Question 10.10. (TCO 3) Which of the following describes the differences between job-order and process costing? (Points: 4);Job-order costing is used in financial accounting, whereas process costing is used in managerial accounting.;Job-order costing can only be used by manufacturers, service enterprises must use process costing.;Job-order costing is voluntary, whereas process costing is mandatory.;Job-order costing traces costs to jobs, whereas process costing traces costs to departments and averages the costs among the units worked on during the period.;Question 11.11. (TCO 3) The blending department began the period with 20,000 units. During the period, the department received another 80,000 units from the prior department, and at the end of the period, 30,000 units remained, which were 40% complete. How much are equivalent units in the blending department?s Work In Process Inventory at the end of the period? (Points: 4);12,000;28,000;40,000;52,000;Question 12.12. (TCO 3) Ranger Glass Company manufactures glass for French doors. At the start of May, 2,000 units were in process. During May, 11,000 units were completed and 3,000 units were in process at the end of May. These in-process units were 90% complete with respect to material and 50% complete with respect to conversion costs. Other information is as follows. Work in process, May 1: Direct material $36,000 Conversion costs $45,000 Costs incurred during May: Direct material $186,000 Conversion costs $255,000 How much is the cost per equivalent unit for direct materials? (Points: 4) $24.00;$16.20;$15.86;$13.58;Question 13.13. (TCO 4) Total costs were $75,800 when 30,000 units were produced and $95,800 when 40,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units. (Points: 4) $80,115 $76,000 $79,800 $91,800;Question 14.14. (TCO 4) Which of the following will have no effect on the break-even point in units? (Points: 4);The selling price increasing;The variable cost per unit increasing;The sales volume increasing;Total fixed costs increase;Question 15.15. (TCO 4) Allen Company sells homework machines for $100 each. Variable costs per unit are $75 and total fixed costs are $62,000. Allen is considering the purchase of new equipment that would increase fixed costs to $84,000 but decrease the variable costs per unit to $60. At that level, Allen Company expects to sell 3,000 units next year. Which is Allen?s break-even point in units if it purchases the new equipment? (Points: 4);2,480 units;36,000 units 2,100;units 3,650 units;Question 16.16. (TCO 4) Randy Company produces a single product that is sold for $8


Paper#19451 | Written in 18-Jul-2015

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