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Managerial Accounting > #3 > Flashcards

#3 Flashcards

1
Q

Wages of assembly line workers for a factory

A

Product cost
direct labor
prime and conversion cost

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2
Q

Wages of the office receptionist In an administrative office

A

Only Period cost

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3
Q

Property taxes on the factory

A

Product cost
manufacturing overhead
conversion cost

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4
Q

Sugar and flour to make cookies

A

Product cost
direct materials
prime cost

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5
Q

Salary of the factory maintenance supervisor

A

Product cost
manufacturing overhead
conversion cost

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6
Q

Salary of the sales manager

A

Only Period Cost

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7
Q

Which of the following accounts does a manufacturing company have that a service company does not have?


A

Cost of good sold

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8
Q

Which of the following is a direct cost of manufacturing a sport boat?
A. Salary of an engineer who rearranges plant layout
B. Depreciation on a plant and equipment
C. Cost of a boat engine
D. Cost of a customer service hotline 

A

C. Cost of boat engine

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9
Q

Which of the following is not a part of manufacturing overhead for producing a computer?
A. Manufacturing plant property
B. Manufacturing plant Utilities
C. Depreciation on delivery trucks
D. Insurance on plant and equipment


A

Depreciation on delivery trucks

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10
Q

Artist wages
Indirect labor or direct

A

Direct labor

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11
Q

Grainger cards in a manufacturing of greeting cards
Wages of materials handling warehouse workers

A

Indirect labor

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12
Q

Greeting cards in a manufacturing of greeting cards
Paper

A

Direct materials

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13
Q

Grainger cards in a manufacturing of greeting cards
Depreciation on manufacturing equipment

A

Other manufacturing overhead

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14
Q

Grainger cards in a manufacturing of greeting cards
Manufacturing plant manager salary

A

Indirect labor

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15
Q

Grainger cards in a manufacturing of greeting cards
Property taxes on manufacturing plant

A

Othermanufacturing overhead

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16
Q

Grainger cards in a manufacturing of greeting cards
Glue for envelopes

A

Indirect materials

17
Q

salaries of scientist studying ways to speed force growth 
Product or period

A

Period costs

18
Q

Cost of computer software to track WIP inventory
Product or Period

A

Product cost

19
Q

Cost of electricity at the paper mill
Product or Period

A

Product cost

20
Q

Salaries of the companies top executives
Product or Period

A

Period costs

21
Q

Cost of chemicals to treat paper
Product or period

A

‘Product cost

22
Q

Cost of TV ads
Period or Product

A

Period costs

23
Q

Depreciation on manufacturing plant
Product or Period

A

Product costs

24
Q

Cost to purchase wood pulp
Product or Period

A

Product costs

25
Q

Life-insurance on the CEO

A

Period costs

26
Q

Wheels Inc. Manufactures wheels for bicycles tricycles and scooters
Metal used for rims

A

direct materials
 Prime cost

27
Q

Wheels Inc. Manufactures wheels for bicycles tricycles and scooters
Sale salaries

A

Selling cost

28
Q

Wheels Inc. Manufactures wheels for bicycles tricycles and scooters
Rent on factory

A

Manufacturing overhead
conversion cost

29
Q

Wheels Inc. Manufactures wheels for bicycles tricycles and scooters
Wages of assembly workers

A

Direct labor
prime cost and conversion cost

30
Q

Wheels Inc. Manufactures wheels for bicycles tricycles and scooters
Salary of production supervisor

A

Manufacturing overhead
conversion cost

31
Q

Wheels Inc. Manufactures wheels for bicycles tricycles and scooters
Depreciation on office equipment

A

Administrative cost

32
Q

Wheels Inc. Manufactures wheels for bicycles tricycles and scooters
Salary of CEO

A

Administrative cost

33
Q

Wheels Inc. Manufactures wheels for bicycles tricycles and scooters
Delivery expense

A

Selling costs

Managerial Accounting (18 decks)

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