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practice test review
accounting 202 product/period and what type?
| Question | Answer |
|---|---|
| glue in a chair | product and manufacturing |
| the amount paid to the individual who stains the chair | product and direct labor |
| the workman's compensation insurance of the supervisor who oversees production | product and manufacturing overhead cost |
| depreciation of manufacturing equipment | product and manufacturing overhead cost |
| clerical wages paid in the president's office | period cost |
| wages paid to factory machine operators of a manufacturing plant | product and direct labor cost |
| property taxes on the company's headquarters | period cost |
| the commission paid to the sales man who sold the table | period cost |
| the cost of the wood used in the table | product and direct material cost |
| the factory utilities of the department in which production takes place | product and manufacturing overhead cost |
| which of the following costs could be included both as part of prime cost and as part of conversion costs | direct labor |
| the manufacturing operation that would be most likely to use a job order costing system is: | home remodeling jobs |
| when using the high-low method, the variable rate is equal to the | change in cost divided by the change in activity |
| in describing the cost equation, Y= b + aX, "b" is: | the total fixed costs |
| an increase in the variable cost rate | decreases the per-unit contribution margin |
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