Homework Answers
Question 5 - False because manufacturing overhead cost includes cost other than on direct material and direct labour so it is indirect cost.
Question 6 - True the given statement is perfectly correct.
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D Question 5 2 pts manufacturing overhead is a direct cost True False D Question 6...
Fixed Factory and Variable Factory Overhead Cost : A. True or False / Fixed factory overhead changes...
Fixed Factory and Variable Factory Overhead Cost : A. True or False / Fixed factory overhead changes in total over the relevant range, based on production. B.True or False / Fixed factory overhead per unit does not change over the relevant range. C. True or False / Variable factory overhead does change in total over the relevant range. D. True or False / Activity based costing is used to allocate overhead cost pools based on single basis such as direct labor hours or machine...
1-The sum of all manufacturing costs except for direct materials and direct labor is called manufacturing...
1-The sum of all manufacturing costs except for direct materials and direct labor is called manufacturing overhead. a) True b) False 2- If the fixed cost per unit is $15 and the variable cost per unit is $0.5, and the units produced are 10,000 units. Then what is the total cost if the units produced are 20,000? a)$160,000 b)$150,000 c)$310,000 d)$155,000 3- Conversion cost equals product cost less direct materials cost. a) True b) False 4- During the month of...
True or False: The term full cost refers to the cost of manufacturing and selling a...
True or False: The term full cost refers to the cost of manufacturing and selling a unit of product and includes both fixed and variable costs. True or False: The fixed cost per unit is considered constant despite the changes in volume of activity within the relevant range
QUESTION 2 The following are types of costs that react to changes in activity except: A....
QUESTION 2 The following are types of costs that react to changes in activity except: A. Fixed B. Step C. Unexpired D. Mixed QUESTION 3 Which of the following is true about Variable Cost: A. The variable total cost remains constant throughout the relevant range. B. The variable unit cost is varies through the relevant range. C. The variable unit cost varies inversely with changes in the activity the relevant range. D. The variable unit cost is constant through...
Direct material = $7 Direct Labor = $4 Variable Manufacturing Overhead = $2 Fixed Manufacturing Overhead...
Direct material = $7 Direct Labor = $4 Variable Manufacturing Overhead = $2 Fixed Manufacturing Overhead = $3 Fixed Selling Expense = $3 Fixed Admin Expense = $2 Sales commission = $1 Variable Admin Expense $.50 (Costs are when 10,000 units are produced and sold) Relevant range is 7,500-12,500 units 1) If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? 2) If 12,500 units are produced, what is the average fixed manufacturing cost per...
Which of the following costs is classified as a period cost under variable costing? O a....
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
5 pts U Question 25 Average manufacturing overhead cost per unit usually varies from one period...
5 pts U Question 25 Average manufacturing overhead cost per unit usually varies from one period to the next because: O fixed manufacturing overhead changes in total when production levels vary the makeup of manufacturing overhead changes from period to period fixed manufacturing overhead remains the same in total when production levels vary variable overhead costs per unit vary when production levels vary Question 26 5 p Which of the following statements is true regarding over-applied manufacturing overhead? over-applied overhead...
11) True or False: As activity decreases within the relevant range, fixed costs remain constant on...
11) True or False: As activity decreases within the relevant range, fixed costs remain constant on a per unit basis. 13) True or False: Within the relevant range, a change in activity results in a change in variable cost per unit and total fixed cost.
$8.000 $235.000 5 pts Question 6 Which of the following accounts represents the accumulated costs of...
$8.000 $235.000 5 pts Question 6 Which of the following accounts represents the accumulated costs of jobs that are incomplete? Work in process inventory Finished goods inventory O Cost of goods sold Raw materials inventory Question 7 5 pts In a job order system a company would only apply the manufacturing overhead to the job when it is completed and at no other time during the accounting period. True False Question 8 5 pts s regarding cost behavior, the concept...
how to solve 5678？ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling...
how to solve 5678？
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense A-ount per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and...
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
5 pts U Question 25 Average manufacturing overhead cost per unit usually varies from one period to the next because: O fixed manufacturing overhead changes in total when production levels vary the makeup of manufacturing overhead changes from period to period fixed manufacturing overhead remains the same in total when production levels vary variable overhead costs per unit vary when production levels vary Question 26 5 p Which of the following statements is true regarding over-applied manufacturing overhead? over-applied overhead...
$8.000 $235.000 5 pts Question 6 Which of the following accounts represents the accumulated costs of jobs that are incomplete? Work in process inventory Finished goods inventory O Cost of goods sold Raw materials inventory Question 7 5 pts In a job order system a company would only apply the manufacturing overhead to the job when it is completed and at no other time during the accounting period. True False Question 8 5 pts s regarding cost behavior, the concept...
how to solve 5678？
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense A-ount per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and...
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