Cost Accounting
Not what you're looking for?
1. Wages paid to the factory manager are considered an example of;
A. Direct labor-ye, Period cost yes
B. Direct labor yes Period cost yes
C. Direct labor no, period cost-yes
D. Direct labor- no, period cost no
2. Property taxes on a manufacturing plant are an element of
A. Conversion cost- yes, period cost no
B. Conversion cost- yes, period cost yes
C. Conversion cost=-no, period cost yes
D. Conversion cost-no, period cost-no
3. The following data (in thousand of dollars have been take from the accounting records of Karman Corporation for the just completed year;
Sales.........................950.00
Raw materials inventory, beg..................10.00
Raw material ending.........................30.00
Purchase of raw materials.........................120.00
Direct labor...........................200.000
Manufacured overhead...........................230.00
Admin. Expenses..........................................100.00
Selling expenses................................140.00
Work in process, inventory, beginning.......................70.00
Work in process, inventory, ending...............................40.00
Finished goods, inventory, beginning..........................100.00
Finished goods inventory, ending.............................80.00
1. The cost of goods manufactured (finished) of the year (in thousands dollars) was?
2. The cost of goods sold for the year (in thousands of dollars) was?
4. Evaluate the following statement: " The scheduled of cost of goods manufactured and scheduled of cost of goods sold show the flow of product cost in a manufacturing company"
Purchase this Solution
Solution Summary
The solution has questions in cost accounting.
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.