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ACG 2071 > 14.2: Cost Concepts > Flashcards

14.2: Cost Concepts Flashcards

1
Q

The cost object is a finished bike. Are bicycle tires and wheels a fixed or variable cost?

A

Variable

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2
Q

The cost object is a finished bike. Are the wages of an assembly a fixed or variable cost?

A

Variable

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3
Q

The cost object is a finished bike. Is advertising a fixed or variable cost?

A

Fixed

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4
Q

The cost object is a finished bike. Is a production manager’s salary a fixed or variable cost?

A

Fixed

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5
Q

The cost object is a finished bike. Is office depreciation a fixed or variable cost?

A

Fixed

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6
Q

The cost object is a finished bike. Is factory depreciation (straight line) a fixed or variable cost?

A

Fixed

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7
Q

The cost object is a finished bike. Is the oil/grease applied to gears and chains a fixed or variable cost?

A

Variable

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8
Q

The cost object is a finished bike. Are sales commissions a fixed or variable cost?

A

Variable

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9
Q

The cost object is a finished bike. Are bicycle tires and wheels a direct or indirect cost?

A

Direct

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10
Q

The cost object is a finished bike. Are the wages of an assembly worker a direct or indirect cost?

A

Direct

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11
Q

The cost object is a finished bike. Is advertising a direct or indirect cost?

A

Indirect

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12
Q

The cost object is a finished bike. Is a production manager’s salary a direct or indirect cost?

A

Indirect

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13
Q

The cost object is a finished bike. Is office depreciation a direct or indirect cost?

A

Indirect

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14
Q

The cost object is a finished bike. Is factory depreciation (straight line) a direct or indirect cost?

A

Indirect

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15
Q

The cost object is a finished bike. Is the oil/grease applied to gears and chains a direct or indirect cost?

A

Indirect

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16
Q

The cost object is a finished bike. Are sales commissions a direct or indirect cost?

A

Indirect

17
Q

The cost object is a finished bike. Are bicycle tires and wheels a product or period cost?

A

Product

18
Q

The cost object is a finished bike. Are the wages of an assembly worker a product or period cost?

A

Product

19
Q

The cost object is a finished bike. Is advertising a product or period cost?

A

Period

20
Q

The cost object is a finished bike. Is a production manager’s salary a product or period cost?

A

Product

21
Q

The cost object is a finished bike. Is office depreciation a product or period cost?

A

Period

22
Q

The cost object is a finished bike. Is factory depreciation (straight line) a product or period cost?

A

Product

23
Q

The cost object is a finished bike. Is the oil/grease applied to gears and chains a product or period cost?

A

Product

24
Q

The cost object is a finished bike. Are sales commissions a product or period cost?

A

Period

25
Q

Is this direct material, direct labor, or overhead? Plastic board used to mount chips.

A

Direct Material

26
Q

Is this direct material, direct labor, or overhead? Factory maitinence workers’ salaries

A

Overhead

27
Q

Is this direct material, direct labor, or overhead? Real Estate paid on factory.

A

Overhead

28
Q

Is this direct material, direct labor, or overhead? Factory Supervisor Salary

A

Overhead

29
Q

Is this direct material, direct labor, or overhead? Depreciation on factory equipment.

A

Overhead

30
Q

Is this direct material, direct labor, or overhead? Assembly worker hourly pay to make chips.

A

Direct Labor

ACG 2071 (2 decks)

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