1. Which of the following is not a component of factory overhead?a. Payroll taxes share of the employerb. Payroll taxes share of the employee-laborerc. Indirect labord. Supervision2. Which of the following is not a component of factory overhead?Utilities expenseb. Depreciation expensec. Accumulated depreciationd. Food purchases by cafeteria service departmenta.3. Which of the following is part of a regular year-end adjustment to factory overhead?a. Indirect materialsb. Factory suppliesc. Loss from reprocessing defective units.d. Deprecation4. What account is credited at year-end adjusting entry for insurance premiums under theso-called "asset method" of accounting?а. Cashb. Prepaid Insurancec. Factory Overhead Controld. Applied Factory Overhead5. What account is debited at year-end adjusting entry for insurance premiums under theso-called "expense method" of accounting?a. Applied Factory Overheadb, Factory Overhead Controlc. Prepaid Insuranced. Insurance Expense6. Which of the following is not a "fixed cost"?a. Depreciation expense (SYD)b. Salesmen's salariesc. Property taxesd. Legal & audit fees7. Which of the following is not a "variable cost"?a, Repairs to machineryb. Shipping suppliesc. Salesmen's commissiond. Handling cost of materials

* As per bartleby guidelines, in case of different question answer first only Factory overhead are…

Answered: 1. Which of the following is not a…

1. Which of the following is not a component of factory overhead? a. Payroll taxes share of the employer b. Payroll taxes share of the employee-laborer c. Indirect labor d. Supervision

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 9E: Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

1. Which of the following is not a component of factory overhead?
a. Payroll taxes share of the employer
b. Payroll taxes share of the employee-laborer
c. Indirect labor
d. Supervision
2. Which of the following is not a component of factory overhead?
Utilities expense
b. Depreciation expense
c. Accumulated depreciation
d. Food purchases by cafeteria service department
a.
3. Which of the following is part of a regular year-end adjustment to factory overhead?
a. Indirect materials
b. Factory supplies
c. Loss from reprocessing defective units.
d. Deprecation
4. What account is credited at year-end adjusting entry for insurance premiums under the
so-called "asset method" of accounting?
а. Cash
b. Prepaid Insurance
c. Factory Overhead Control
d. Applied Factory Overhead
5. What account is debited at year-end adjusting entry for insurance premiums under the
so-called "expense method" of accounting?
a. Applied Factory Overhead
b, Factory Overhead Control
c. Prepaid Insurance
d. Insurance Expense
6. Which of the following is not a "fixed cost"?
a. Depreciation expense (SYD)
b. Salesmen's salaries
c. Property taxes
d. Legal & audit fees
7. Which of the following is not a "variable cost"?
a, Repairs to machinery
b. Shipping supplies
c. Salesmen's commission
d. Handling cost of materials

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