An example of a nonproduction cost is   a.wages paid to assembly-line employees. b.manufacturing supplies. c.the treasurer's salary. d.insurance on manufacturing facilities.

Q: Which of the following would most likely be a product cost? O A. Salary of VP of sales O B.…

A: Product cost includes all those costs which are directly attributable to the process of converting…

Q: Which of the following is NOT included in material handling cost at a warehouse? O A. Labor O B.…

A: Material handling costs are a form of indirect costs being incurred in production activity. It means…

Q: Which of the following is not classified as a factory overhead cost? a. Electricity to run factory…

A: Factory overhead are those costs which are incurred at Factory premises during manufacturing…

Q: Which one of the following is an example of a committed cost? The cost of annual end of year…

A: Committed costs are that fixed cost which is incurred due to past commitments. Management commits…

Q: Which of the following is not likely to be treated as product cost? Depreciation on the factory…

A: Product cost means the cost of producing one unit of finished goods. Period cost means the cost that…

Q: Which of the following is not a period cost? Group of answer choices Sales commissions. Public…

A: Cost can be divided in to different groups including period cost, product cost etc. Period cost are…

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

A: Cost: It can be defined as the total amount that is spent by a business in manufacturing a product

Q: Which of the following would not be classified as manufacturing overhead? Select one: a. property…

A: The profitability position of the company can be arrived from the income statement of the company…

Q: which one of the following is not an example of a committed fixed cost

A: The fixed cost which incurred due to the past commitments of the organisations is called the…

Q: Which of the following is not charged to the factory overhead control account?

A: Factory overhead comprises of manufacturing overhead costs i.e. indirect expenses like indirect…

Q: Below is a table showing the various costs incurred by various companies. In each column, indicate…

A: Solution: Classification and explanation of each cost are as under:

Q: Determine whether each of the following costs should be classified as product costs or period costs.…

A: Product costs are those costs that are associated with the process of manufacture and period costs…

Q: Depreciation of Machinery would not be an element of factory overhead? Select one: a. True b. False

A: Factory overheads include all the indirect expenses incurred in the production process.

Q: Wages paid to laborers working in the manufacturing department is treated as an expense of?…

A: Wages: It can be defined as the amount that is paid to the laborers as remuneration for the work…

Q: Which of the following would not be an element of factory overhead?

A: Factory Overhead are not direct cost like direct materials and direct labor however they are helpful…

Q: The salary foregone by a person who quits a job to start a business is an example of a(n) ________.…

A: Answer: Option (a) Opportunity Cost is the Correct Answer

Q: Who of the agreed in advance is not a cost of the product? The cost of the factory's fuel The…

A: Product cost:- Product cost is the cost which incurred to manufacture a product. It means it is a…

Q: Identify the following as fixed costs (F), variable costs (V), or mixed costs(M). insurance on…

A: Variable cost: A variable cost is an expense that rises or falls in direct proportion to the amount…

Q: Which of the following is not a product cost? O a. Insurance on the plant O b. Raw materials used O…

A: Product cost means the cost of producing one unit of finished goods. Period cost means the cost that…

Q: Identify whether the following items should be included in Direct Materials (DM), Direct Labor (DL),…

A:

Q: Which one of the following is an example of a committed cost? a. The salary of the marketing manager…

A: Committed cost refers to the cost which has not yet been incurred but already contracted /committed…

Q: Which of the following Overhead cost of a company is likely to have the least control a. Machine…

A: The overhead cost includes total indirect costs incurred in the production process.  It includes…

Q: An example of labor-related costs is:   bonus pay factory labor fringe benefits operating expense

A: The labor costs include the wages and salaries paid to employees.

Q: Which of the following costs would not be inventoriable?  Indirect labor cost Office rent factory…

A: Inventoriable cost means the cost which will be considered while valuing the inventories. Only the…

Q: Below is a table showing the various costs incurred by various companies. In each column, indicate…

A: Solution:- Indication of  the proper classification of these costs as follows:- Manufacturing costs…

Q: Royalty on production is classified as?   a. Selling overheads   O b. Factory overheads…

A: Royalty is a payment made to the owner or third party for using a particular product or patent and…

Q: An example of a period cost isa. the salary of a production supervisor.b. the raw materials used in…

A: Period cost: It can be defined as the cost that is not directly related to the process of…

Q: fixed costs (F), variable costs (V), or mixed costs(M).

A: Fixed cost - Fixed cost remains constant irrespective of the level of activity. It is an unavoidable…

Q: Granger Cards is a manufacturer of greeting cards. Classify its costs by matching the costs to the…

A: Direct material refers to the material used in the manufacturing of a product that is directly…

Q: Which one of the following is not an example of a committed fixed cost? O a. None of the given…

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

Q: Which of the following would not be classified as manufacturing overhead?   a.indirect labor…

A: Product costs are the cost associated with the making of a product. They include direct materials…

Q: Which one of the following is not an example of a committed fixed cost? O a. The property taxes of…

A: Option c is correct.

Q: If actual overhead is greater than applied manufacturing overhead, then manufacturing overhead is:…

A: Overhead costs are the costs which are indirectly involved in the production process. These costs…

Q: Beginning work in process is equal to a.cost of goods manufactured plus ending work in process…

A: Beginning  work in process inventory  is process that helps in ascertaining the value of the…

Q: Which statement is NOT true? a. Business activities begin with the acquisition of materials,…

A:

Q: Insurance expense incurred on a factory building would be treated as a Group of answer choices…

A: Cost is the value spent to make or buy a product. Value spent can be in the form of raw materials,…

Q: The cost paid to a laborer to assemble a desk is recorded as an expense. Why is this false?

A: Labor cost: Cost of labor refers to the compensation in the form of wages made to labor for their…

Q: Manufacturing costs would not include a. Sales salaries expense b. Indirect materials used c.…

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

Q: ow is a table showing the various costs incurred by various companies. In each column, indicate the…

A: Manufacturing overheads refers to all the indirect cost which is made in order to manufacture the…

Q: Which of the following is an example of a variable cost? a.Insurance on the production equipment…

A: Variable cost are those cost which changes according to the level of Production. In other words in…

Q: Consider the following costs that were incurred during the current year and determine whether the…

A: Product costs are the costs incurred in manufacturing the product. So, this include direct…

Q: Which one of the following would not be classified as manufacturing overhead? a Indirect labor b…

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

Q: Insurance expense incurred on a factory building would be treated as a a.period cost b.selling cost…

A: Introduction: The sum paid by a corporation to get an insurance contract, as well as any additional…

Q: Q4. Which one of the following cost of a computer manufacturer will not be included in the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which one of the following is an example of a discretionary fixed cost? O a. The property taxes of…

A: Discretionary fixed cost means that cost which is up to our discretion whether to spent it or not .…