For manufacturing firms, inventoriable costs include ________.   a. plant supervisor salaries.   b. depreciation motor vehicles – sales staff.   c. advertising costs.   d. distribution costs.

Q: For each of the following costs, check the type that most likely apply (both variable and fixed…

A: VARIABLE COST: A variable cost is an expense that rises or falls in direct proportion to production…

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: Use a / to categorize each of the following costs. You may have more than one / for each item.…

A: There are majorly three types of costs such as variable costs, fixed costs and semi-variable costs.…

Q: Cost classifications For each of the following costs, check the column(s) thatmost likely apply:Cost…

A: Fixed cost: A fixed cost is a cost incurred by a company that remains fixed irrespective of the…

Q: Which of the following is a product cost? A) Sales commissions B) CEO's salary C) Delivery van…

A: Product costs are related to manufacturing and are part of cost of inventory.

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 statements is true? a. Indirect materials and indirect labor are included in…

A: The true statement is "Indirect materials and indirect labor are included in the manufacturing…

Q: Which of the following costs would be considered a period rather than a product cost in a…

A: The product costs are the costs that are directly or indirectly related to the production process.…

Q: IDENTIFY THE FOLLOWING COST FOR THE PRODUCTION AND SALE OF A LAWN MOWER COMPANY WHETHER DIRECT…

A: Cost of production is the total cost incurred by the producer for the manufacturing of goods or for…

Q: Which of the following costs would be included in the cost of a manufactured product according to…

A: Under variable costing method, only variable cost considered and included in production cost and…

Q: How do we calculate factory cost? Prime cost + Opening WIP- Closing WIP+ Factory Overhead b. Total…

A: Factory cost includes the cost incurred on the factory on the goods that are meant to sold.

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: Indicate whether each of the following should be considered a product cost or a period cost. If you…

A: Direct  product cost is the cost incurred  to manufacture  a product  that can be directly…

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: Manufacturing overhead costs would include:a. Marketing costs related to selling the product.b. The…

A:

Q: Indicate whether the following costs of P r oct er & Gamb le , a maker of consumer products, would…

A:

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

A: Variable costs: These costs are incurred in conjunction to the volume of goods produced or sold. It…

Q: Which of the following costs may be classified as non-manufacturing costs? į Fuel costs of the…

A: Non manufacturing costs are the costs that are not related to manufacturing. The following costs may…

Q: Production costs are inclusive of the following EXCEPT:   Selling and Distribution costs…

A: Production costs refer to the expenses that are directly associated with the process of production.…

Q: For each cost item, indicate whether it would be variable or fixed with respect to the number of…

A: Variable cost represents the cost that is directly related to the output whereas the fixed costs…

Q: Indicate whether each of the following costs incurred by a manufacturer would be considered a…

A: There are two type of cost-Product cost and period cost Product cost-these cost are directly related…

Q: Which ONE of the following statements concerning costing is correct? a) The procedures used to…

A: The system of process costing is suitable for industries involving continuous production of the same…

Q: Select and "X" in the column that corresponds to the cost classification for each of the following…

A: Sunk cost: In accounting and business, a sunk cost is a cost that has already been incurred and that…

Q: Which one of the following represents a period cost? a. Fringe benefits associated with factory…

A: Financial statements are statements which states the business activities performed by the company .…

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: In a make or buy decision, the relevant costs include variable manufacturing costs as well as A.…

A: The only costs that are relevant in a make or buy decision are those which are affected by the…

Q: Which of the following is not considered a cost of manufacturing a product? Group of answer choices…

A: Total manufacturing cost, or simply the cost of producing the things that will be sold to customers,…

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

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

Q: Classifying Costs The following is a list of costs incurred by several manufacturing companies.…

A: PLEASE LIKE THE ANSWER     S. No  Cost  Classification  a  Bonus for Vice President…

Q: Support department costs are applied to products as a part of a.fixed manufacturing costs b.fixed…

A: Support department costs are the costs incurred in the support department which are allocated to the…

Q: Indicate with a check mark whether each of the following would be a product cost or a period cost…

A: Product cost is any cost incurred for the production of the products , thus all costs up to the time…

Q: Which of the following costs at a manufacturing company would be treated as a product cost under…

A: The product costs are the costs which are directly related to the production. The variable costing…

Q: Which of the following manufacturing costs is an indirect cost of producing a product? a.commissions…

A: Indirect cost refers to the expenses which are unrelated to the production of goods or services…

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: For each of the following costs incurred in a manufacturing operations, indicate whether the costs…

A: Following is the answer to the given question

Q: Which of the following are examples of a mixed cost? I - A building that is used for both…

A: The costs incurred in the production, can be classified as variable cost, fixed cost and mixed…

Q: 2 Which of the following is least likely to be classified as a facility level activity in an…

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

Q: Which of the following production operations would be most likely to employ a process cost system?…

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

Q: Which of the following is a period cost? a. direct materials   b. indirect materials   c. factory…

A: The question is based on the concept of Cost Accounting.

Q: Indicate whether each of the following should be considered a product cost or a period cost. I you…

A: Direct costs: Costs which are directly traceable to the product called direct cost. Example : Direct…

Q: hich of the following measures is appropriate as cost driver for personnel administration costs? a.…

A: Cost drivers are the factors which have a direct impact on the overall cost structure of the…

Q: Which of the following is a prime cost? A.Factory maintenance expenses B.Administrative labor…

A: Prime cost of the business means cost of direct material and direct labour. Direct material and…

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.