Transcribed Image Text:Which of the adhering to would mostlikely be a product cost?O A. Salary of VP of salesB. Depreciation of office buildingC. Salary of manufacturing facility supervisorD. Depreciation of manufacturing facility equipmentO E. Both C & D

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1 Financial Statements And Company Decisions2 Investing And Financing Decisions And The Accounting System3 Operating Decisions And The Accounting System4 Adjustments, Financial Statements, And The Quality Of Earnings5 Communicating And Interpreting Accounting Information6 Reporting And Interpreting Sales Revenue, Receivables And Cash7 Reporting And Interpreting Cost Of Goods Sold And Inventory8 Reporting And Interpreting Property, Plant And Equipment; Intangibles; And Natural Resources9 Reporting And Interpreting Liabilities10 Reporting And Interpreting Bond Securities11 Reporting And Interpreting Stockholders' Equity12 Statement Of Cash Flows13 Assessing Financial StatementsA Reporting And Interpreting Investments In Other Corporationsexpand_more
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You are watching: Which of the following is most likely to be a product cost?


Q: Which of the adhering to would certainly mostlikely be a product cost?O A. Salary of VP of salesB.…

A: Product Costs are the costs incurred that relate to production of a product (like Direct…


Q: Which of the complying with would certainly mostmost likely be a product cost?O A. Salary of VP of salesB.…

A: Product price contains all the straight expenses and overheads came to with the product. For example…


Q: Which of the adhering to accounts would be a duration expense rather than a product cost? Production…

A: Period cost consists of expenses which can’t be included in product cost per unit such as advertisement…


Q: Which of the following accounts would certainly be a period expense fairly than a product cost?a Freight out.…

A: Variable costs: These expenses are incurred in conjunction to the volume of items produced or offered. It…


Q: Which of the adhering to is component of factory overhead cost?a.depreciation of sales person's vehicle…

A: Cost audit system:Cost bookkeeping system of an organization consists of measures and…


Q: Classify each of the following as a variable, fixed cost or mixed expense.a. Direct labourb.…

A: Variable cost is such kind of cost which alters via the changes in devices developed.Fixed cost…


Q: For production firms, inventoriable expenses encompass ________. a.plant supervisor salaries.…

A: All the manufacturing costs end up being part of the inventory. It has raw product, labor costs,…


Q: Which of the cost below is not classified as fixed cost? a) Depreciation of machineb)…

A: Fixed cost is the cost which remains solved ircorresponding of actual production .


Q: Which of the following items is an indirect cost?A. The rent of the factory in which commodities are…

A: explacountry :A. The rent of the factory in which commodities are madeB. The wages of the production…


Q: Which of the adhering to is an indirect cost?a.Raw product costb.Manufacturing suppliesc.…

A: Introduction:Indirect costs:Costs which are not directly pertained to the manufacturing of the…


Q: Which of the following is an instance of a cost that varies in proportion to transforms in the activity…

A: Packaging expenses is the variable expense which varies through the total output. It will boost via the…


Q: 1 For a manufacturing company, which of the adhering to is an example of a duration price rather than a…

A: Cost Accounting: It is the procedure of collecting, recording, analyzing the price, summarizing cost,…


Q: Which of the following prices would certainly be had in the price of a manufactured product according to…

A: Under variable costing strategy, just variable cost thought about and contained in production expense and…


Q: Which of the complying with is a part of Prime Cost?a.Direct Labourb.Indirect Wagesc.Rent of…

A: Prime expense has all the direct costs such as direct product, direct labor, and direct expenses.…


Q: Which of the following is not a product cost?O a. Insurance on the plantO b. Raw products usedO…

A: Product cost indicates the cost of developing one unit of finiburned products.Period expense implies the cost that…


Q: An instance of a duration expense isa. the salary of a manufacturing supervisor.b. the raw materials offered in…

A: Period cost: It have the right to be identified as the cost that is not directly related to the procedure of…


Q: Indicate whether each of the complying with have to be considered a product price or a duration cost. Iyou…

A: Direct costs:Costs which are straight traceable to the product referred to as direct price.Example : Direct…


Q: which of the complying with is a product cost for a manufacturing agency :a- insurance on the…

A: Product cost includes all the costs associated to develop a product i.e direct product, direct labour…


Q: Manufacturing expenses would certainly not encompass a. Sales salaries price b. Instraight materials used c.…

A: Manufacturing price is the expense incurred to manufacture goods.It is the expense incurred at factory.


Q: Which of the complying with costs is not a product cost? *1 pointa. Depreciation on the plant installed…

A: Production or product costs point to the expenses acquired by a company from assembling a product…


Q: Determine whether each of the following prices need to be classified as product prices or duration prices.…

A: Product cost implies the expense of developing one unit of finiburned goods.Period cost implies the price that…


Q: Which of the adhering to prices is a direct expense for a made product?A) Depreciation Expense…

A: The direct expense is cost that deserve to be straight traceable to particular product.


Q: Identify each of the complying with expenses as either a product expense or a duration cost.Factory maintenance…

A: Period costs: These expenses are not regarded inventory, hence, they are not included to inventory…


Q: Which of the adhering to statement(s)is/are correct? I. Non-manufacturingprices are expensed as…

A: Solution:1. True, non manufacturing prices are expensed as incurred.2. False, Direct labor is an…


Q: Which of the complying with represents the cost of work completed however not yetsold?O a.Raw Materials…

A: The answer is as follows:-


Q: How do we calculate manufacturing facility cost?Prime price + Opening WIP- ClosingWIP+ Factory Overheadb.Total…

A: Factory expense has the expense incurred on the factory on the goods that are supposed to marketed.

See more: Which Is A Method For Evaluating Performance Of Engagement Ads


Q: Which one of the following is not an instance of a committedsolved cost?a. The salary of the deputy…

A: Fixed expense describes those price which carry out not readjust through increase or decrease in production…


Q: Which one of the following is not an instance of a committed fixed price ? a. The cost of the…

A: Introduction:Committed cost:The cost which incurred and also cannot recoup ago called as committed…


Q: Which one of the complying with is not an example of a committed solved cost?O a.Namong the given…

A: Introduction:-Fixed costs incurred ircorresponding of the production or sales level. Costs such as…


Q: Which among the complying with is not an instance of a committed resolved cost?O a. The property taxes of…

A: Option c is correct.


Q: assify each of the costs as either a product or period expense. Then, classify each of the product…

A: Product cost is included within the inventory valuation, that is sindicate oppowebsite in the case of…


Q: What is the impact on the cost of items sold and net operating income, if the expense of factory…

A: If expense of factory overhead used are higher than the price actual manufacturing facility overhead, cost of goods…


Q: ich one of the following is not an instance of acommitted addressed cost?a. None of the provided answers.…

A: Committed Fixed Cost:- These are that solved expense which does not readjust or mold easily and have the right to not be…


Q: Which of the following expenses is not a product cost? Depreciation on the plant mounted in the…

A: Hey, since tbelow are multiple questions posted, we will answer the initially question. If you want any…


Q: Which of the complying with is correct? a. Total manufacturing expenses plus enhanced in job-related in…

A: Cost of goods sold = Cost of items produced + Increase in finished products inventoryTotal…


Q: Which one is a manageable cost?Select one:O a. Office salaryO b. Cost of Raw materialO c. Rent…

A: Click to watch the answer


Q: Which among the following is an example of a discretionary addressed cost?O a. The residential or commercial property taxes of…

A: Discretionary solved cost implies that price which is as much as our discretion whether to spent it or not .…


Q: Which among the complying with discretionary fixed cost? The salary of the deputy manager of the factory…

A: Discretionary price is the expense can be removed or reduced without at the discretion of the…


Q: When factory overheads are added to prime expense then the outcome will be.a.Cost of material consumed…

A: Prime expense = Direct product + Direct laborConvariation costs = Direct labor + manufacturing facility overheadsCost…


Q: Classify the complying with items as Direct products, Selling and also governmental price, Factory…

A: Direct materials:Direct materials are the raw materials that are straight linked via the…


Q: otal utilities, 80% relates to the manufacturing framework & 20% relates to the office location.…

A: Direct Materials refers to the raw materials offered to manufacture a product. Normally all the direct…


Q: Which of the adhering to effectively describes the term cost driver?a.The inflation rate which causes…

A: Cost driver are the compotents that are straight pertained to the product that recognize the price of…


Q: What is the inventoriable product costsSelect one:a. Are the direct and indirect expenses of…

A: Product expenses are the cost incurred in making the product and also it has showed up in the financial…


Q: Identify the following as solved prices (F), variable prices (V), or combined costs(M).price of goods…

A: Fixed costs are those costs which do not adjust via adjust in level of activity. Variable costs…


Q: For manufacturing costs to become expenses:O The product have to be finimelted.The product should be…

A: Manufacturing price is the total expense incurred in manufacturing the product. It contains the material…


Q: 1. Which of the adhering to are duration costs?Raw materialsDirect products and also direct laborDirect…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing expense,…


Q: 1. Which of the complying with are duration costs?Raw materialsDirect products and straight laborDirect…

A: Cost Accounting: It is the procedure of collecting, recording, analyzing the price, summarizing cost,…