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Accounting 202 Final

Multiple Choice

QuestionAnswer
Conversion costs consist of direct labor combined with: a) direct materials b) manufacturing overhead c) indirect materials d) cost of goods manufactured b) manufacturing overhead
Process costing would be appropriate for each of the following except: a) oil refining b) soda bottling c) custom swimming pool manufacturing d) newspaper production c) custom swimming pool manufacturing
Cost of Goods Sold is: a) an expense account b) included in inventory on the balance sheet c) the total dollar amount of goods available for sale in the period d) another term for managerial accounting a) an expense account
Within the relevant range, the difference between variable costs and fixed costs is: a) variable costs per unit fluctuate and fixed costs per unit remain constant b) variable costs per unit are constant and fixed costs per unit fluctuate b) variable costs per unit are constant and fixed costs per unit fluctuate
Which two terms below describe the salary paid to janitors who clean a factory facility every evening? a) variable cost and direct cost b) fixed cost and direct cost c) variable cost and indirect cost d) fixed cost and indirect cost d) fixed cost and indirect cost
Created by: mpiontek