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charter oak acc102 week 2 test part 1

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Question;?;1;5 out of 5 points;1. When goods are completed and come off the;assembly line;Answer;?;Question 2;5 out of 5 points;2.Costs that are traceable to a;particular unit and are inventoriable are called;Answer;?;Question 3;5 out of 5 points;3..Goods that are still in the;production process would be in which account?;Answer;?;Question 4;5 out of 5 points;4. The salaries;paid to employees working directly on a company's products would be shown as;a;Answer;?;Question 5;5 out of 5 points;5.Determine the amount of manufacturing;overhead given the following information;a.;Depreciation;on a factory building;$1,200;b.;Telephone;expense in factory office;375;c.;Telephone;expense in sales showroom;425;d.;Factory;foreman?s salary;2,500;e.;Maintenance;for factory`;400;f.;Maintenance;for sales showroom;340;Answer;?;Question 6;0 out of 5 points;6.The cost of the employee who computes;total manufacturing costs would be considered;Answer;?;Question 7;5 out of 5 points;7.Which of the following is not a;period costs?;Answer;?;Question 8;5 out of 5 points;8.A product cost is deducted from;revenue in the period in which;Answer;?;Question 9;0 out of 5 points;9.The following information is;available about the August transactions of the Ace Tool Co.;Invoices;for product costs paid during the month.....................;$415,000;Product;costs charged to work in process...............................;620,000;Cost;of finished goods manufactured......................................;604,000;Cost;of goods sold................................................................;622,000;The product costs;to be deducted from revenue in August amount to;Answer;?;Question 10;0 out of 5 points;10.When a manufacturing company;purchases raw materials or component parts to be used in manufacturing;finished goods, these costs are initially debited to;Answer;?;Question 11;0 out of 5 points;11.The accountant for Complete Plumbing;Equipment Company recently made a journal entry consisting of a debit to Work;in Process and a credit to Materials Inventory. This entry recorded;Answer;?;Question 12;5 out of 5 points;12.Direct labor costs in a paint factory;would include wages of employees who;Answer;?;Question 13;5 out of 5 points;13.Manufacturing overhead is best;described as;Answer;?;Question 14;5 out of 5 points;14.In the year-end financial statements;the Manufacturing Overhead account should have;Answer;?;Question 15;0 out of 5 points;15.In a manufacturing company, the cost;of finished goods manufactured is equal to;Answer

 

Paper#42616 | Written in 18-Jul-2015

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