1.Direct materials costs and also indirect materials prices are production overhead.2.All manufacturing expenses that can not be share as straight materials or straight labor are classified as production overhead.3.The total cost that a perfect product generally includes equal amounts of materials, labor, and overhead costs.4.Both straight labor cost and indirect labor expense are product costs.5.Period costs include selling and administrative expenses.6.Period prices are not inventoriable costs.7.Product prices are also called inventoriable costs.8.Direct materials become a price of the finished goods manufactured once they room acquired, not once they space used.9.The sum of the straight materials costs, straight labor costs, and also beginning job-related in procedure is the total manufacturing expenses for the year.10.The work of manufacturing facility employees that deserve to be physically and directly connected with convert raw materials into finished products isa.manufacturing overhead.b.indirect materials.c.indirect labor.d.direct labor.11.Which one of the adhering to would no be share as production overhead?a.Indirect laborb.Direct materialsc.Insurance on factory buildingd.Indirect materials12.Which among the following is not a straight material?a.A tire supplied for a lawn mowerb.Plastic provided in the covered case for a home PCc.Steel offered in the production of steel-radial tiresd.Lubricant because that a ball-bearing joint for a large crane13.Which one of the complying with is no a cost facet in manufacturing a product?a.Manufacturing overheadb.Direct materialsc.Office salariesd.Direct labor14.A manufacturing process requires little amounts the glue. The glue supplied in the production procedure is classified as a(n)a.period cost.b.indirect material.c.direct material.d.miscellaneous expense.15.Which the the adhering to is no a manufacturing expense category?a.Cost of goods soldb.Direct materialsc.Direct labord.Manufacturing overhead16.For the work of factory employees come be thought about as straight labor, the work need to be conveniently anda.materially associated with raw materials conversion.b.periodically connected with raw materials conversion.c.physically associated with raw materials conversion.d.promptly connected with raw materials conversion.17.Which the the following is not classified as direct labor?a.Bottlers of beer in a breweryb.Copy device operators in ~ a copy shopc.Wages the supervisorsd.Bakers in a bakery18.Which the the complying with are duration costs?a.Raw materialsb.Direct materials and also direct laborc.Direct labor and also manufacturing overheadd.Selling expenses19.Product prices consist ofa.direct materials and direct labor only.b.direct materials, straight labor, and also manufacturing overhead.c.selling and also administrative expenses.d.period costs.20.For inventoriable costs to end up being expenses under the matching principle,a.the product need to be finished and also in stock.b.the product have to be expensed based on its percentage-of-completion.c.the product come which they attach must it is in sold.d.all accounts payable should be settled.21.What is “balanced” in the well balanced scorecard approach?a.The variety of products producedb.The emphasis on financial and non-financial power measurementsc.The amount of prices allocated to productsd.The variety of defects discovered on every product22.Many companies now emphasis on reducing defects in finished commodities with the score of zero defects. This is calleda.Activity-based costing.b.Balanced scorecard.c.Value chain.d.Total high quality management.23.Which one of the adhering to is not thought about as material costs?a.Partially completed engine engines because that a motorcycle plantb.Bolts provided in production the compressor of one enginec.Rivets because that the wings of a brand-new commercial jet aircraftd.Lumber offered to construct tables24.Samson company reported full manufacturing costs of $300,000, manufacturing overhead totaling $52,000, and direct products totaling $64,000. Just how much is straight labor cost?a.Cannot be figured out from the info provided.b.$416,000c.$416,000d.$184,000#16 … TRUE-FALSE STATEMENTS25.When raw products are received, over there is no effort at this suggest to combine the expense of products with details jobs.26.When raw products are purchased, the occupational in procedure Inventory account is debited.27.Direct materials requisitioned from the storeroom have to be fee to the occupational In process Inventory account and the job price sheets for the individual work on i m sorry the products were used.28.Actual manufacturing overhead prices are assigned to each job by tracing every overhead price to a certain job.29.The formula because that the predetermined overhead rate is estimated annual overhead expenses divided by an expected annual operating activity.30.Finished products Inventory is charged because that the price of jobs completed throughout a period.

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Vikas Janswered on January 01, 2021
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Answerr: Question-1 direct materials costs and indirect materials prices are manufacturing overhead. Answer: : only the indirect material is group under manufacturing Overhead cost due to the fact that it is nor associated with respect come cost center in organization. Because that example price of rent for structure used by assorted department and cannot be directly allocate to...