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




Question;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#52105 | Written in 18-Jul-2015

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