Homework Answers
1 Maintainance supervision are direct labour cost?
Ans-False.
Maintainance & Supervision are indirect labour cost because indirect labour cost are those cost which incurred during a service or production process but are not directly traceable to a cost object.
2-Material used on a job are written on which of the following
Ans-Bill of material
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Question 3 1 pts maintenance, supervision are direct labor costs O True O False DQuestion 4...
Question 3 1 pts maintenance, supervision are direct labor costs True ︵ False D Question 4...
Question 3 1 pts maintenance, supervision are direct labor costs True ︵ False D Question 4 2 pts materials used on a job are written on which of the following bill of materials material requisition form production order O
Product costs include direct materials, direct labor, and selling costs. True False Period costs are all...
Product costs include direct materials, direct labor, and selling costs. True False Period costs are all costs that are not product costs, such as office supplies. True False A cost object is any item such as products, customers, departments, regions, and so on, for which costs are measured and assigned. True False The valve chain is the set of activities that increase the value of an organization's product and services. True False Direct costs can be economically and easily traced...
Question 4 4 pts 1. The following data pertains to activity and maintenance costs for two...
Question 4 4 pts 1. The following data pertains to activity and maintenance costs for two recent years: Year 2 Year 1 Activity level in units... 12.000 8,000 Maintenance Cost............... $15,000 $12,000 Using the high-low method, the cost formula for maintenance would be $4.000 plus $1.50 per unit $3,000 plus $1.50 per unit $6,000 plus $0.75 per unit $6,000 plus $1.25 per unit Question 5 3 pts In a job-order system, direct labor cost is ordinarily debited to:
Need help with question 17 & 18! c. Direct materials and direct manufacturing labor are included...
Need help with question 17 & 18!
c. Direct materials and direct manufacturing labor are included in total manufacturing costs. d. Manufacturing overhead costs incurred is used to determine total manufacturing costs. 4-17 Sturdy Manufacturing Co. assembled the following cost data for job order 823: Direct manufacturing labor $80,000 Indirect manufacturing labor 12,000 Equipment depreciation 1,000 Other indirect manufacturing costs 1,500 Direct materials 95,000 Indirect materials 4,000 Manufacturing overhead overapplied 2,000 What are the total manufacturing costs for job order...
this quiz is worth 20 points. w-Hill Con- D Question 1 1 pts The three manufacturing...
this quiz is worth 20 points. w-Hill Con- D Question 1 1 pts The three manufacturing costs are direct labor, material and mfg overhead Atte 23 ○True O False D Question 2 2 pts What is used to record costs assigned to a job O job cost sheet O material order sheet O excel spreadsheet
Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages...
Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages Payable is debited and Work in Process Inventory is credited O Work in Process Inventory is debited and Factory Wages Payable is credited Cost of Goods Manufactured is debited and Direct Labor is credited ODirect Labor and Indirect Labor are debited and Factory Wages Payable is credited O Work in Process Inventory is debited and Factory Overhead is credited costs How much overhead Question...
Operation costing uses which of the following costing systems? Process Costing Standard Costing Job Costing A)...
Operation costing uses which of the following costing systems? Process Costing Standard Costing Job Costing A) Yes Yes No B) Yes No Yes C) No Yes Yes D) Yes Yes Yes Option A Option B Option C Option D Which one of the following documents records and summarizes the costs of direct materials, direct labor, and factory overhead for a particular job? Purchase order. Material requisition form. Job product cost document. Bill of materials. Job cost sheet. Which of the...
True or False: direct material and direct labor are called conversion costs
True or False: direct material and direct labor are called conversion costs
Phone chargers Custom jewelry 2pts Question 21 A job cost sheet includes: Direct materials, direct labor,...
Phone chargers Custom jewelry 2pts Question 21 A job cost sheet includes: Direct materials, direct labor, and operating costs Direct materials, estimated overhead, and administrative costs Direct labor, actual overhead, and selling costs Direct material, direct labor, and applied overhead Direct materials, direct labor, and selling costs Question 22 Customization Separate manufacturing from other products Question 20 A company that makes which of the following types of products would best be suited forajo costing system? Fruit juice Swimming suits Snack...
please slove both O False DQuestion 7 1 pts An endothermic reaction can be spontaneous. O...
please slove both
O False DQuestion 7 1 pts An endothermic reaction can be spontaneous. O True O False D Question 8 1 pts Consider liquid water boiling at 1 atm of pressure. Liquid water and water vapor are at at 100°C. O True ○ False 1 pts Question 9
Question 3 1 pts maintenance, supervision are direct labor costs True ︵ False D Question 4 2 pts materials used on a job are written on which of the following bill of materials material requisition form production order O
Question 4 4 pts 1. The following data pertains to activity and maintenance costs for two recent years: Year 2 Year 1 Activity level in units... 12.000 8,000 Maintenance Cost............... $15,000 $12,000 Using the high-low method, the cost formula for maintenance would be $4.000 plus $1.50 per unit $3,000 plus $1.50 per unit $6,000 plus $0.75 per unit $6,000 plus $1.25 per unit Question 5 3 pts In a job-order system, direct labor cost is ordinarily debited to:
Need help with question 17 & 18!
c. Direct materials and direct manufacturing labor are included in total manufacturing costs. d. Manufacturing overhead costs incurred is used to determine total manufacturing costs. 4-17 Sturdy Manufacturing Co. assembled the following cost data for job order 823: Direct manufacturing labor $80,000 Indirect manufacturing labor 12,000 Equipment depreciation 1,000 Other indirect manufacturing costs 1,500 Direct materials 95,000 Indirect materials 4,000 Manufacturing overhead overapplied 2,000 What are the total manufacturing costs for job order...
this quiz is worth 20 points. w-Hill Con- D Question 1 1 pts The three manufacturing costs are direct labor, material and mfg overhead Atte 23 ○True O False D Question 2 2 pts What is used to record costs assigned to a job O job cost sheet O material order sheet O excel spreadsheet
Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages Payable is debited and Work in Process Inventory is credited O Work in Process Inventory is debited and Factory Wages Payable is credited Cost of Goods Manufactured is debited and Direct Labor is credited ODirect Labor and Indirect Labor are debited and Factory Wages Payable is credited O Work in Process Inventory is debited and Factory Overhead is credited costs How much overhead Question...
Phone chargers Custom jewelry 2pts Question 21 A job cost sheet includes: Direct materials, direct labor, and operating costs Direct materials, estimated overhead, and administrative costs Direct labor, actual overhead, and selling costs Direct material, direct labor, and applied overhead Direct materials, direct labor, and selling costs Question 22 Customization Separate manufacturing from other products Question 20 A company that makes which of the following types of products would best be suited forajo costing system? Fruit juice Swimming suits Snack...
please slove both
O False DQuestion 7 1 pts An endothermic reaction can be spontaneous. O True O False D Question 8 1 pts Consider liquid water boiling at 1 atm of pressure. Liquid water and water vapor are at at 100°C. O True ○ False 1 pts Question 9
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