hoose the correct letter in each item. Kindly answer all items. NO EXPLANATION NEEDED 1. Wages for factory assembler and production superintendent are: a. Prime cost b. Conversion cost c. Direct labor d. Manufacturing cost 2. The cost of insurance for manufacturing plant is a a. Product cost d. Prime cost c. Conversion cost d. Period cost 3. Factory supplies for manufacturing plant are generally a. Prime cost b. Fixed cost c. Period cost d. Variable cost 4. Wages paid to timekeeper in a factory is a a. Prime cost b. Direct Material c. Conversion cost d. Direct labor
hoose the correct letter in each item. Kindly answer all items. NO EXPLANATION NEEDED 1. Wages for factory assembler and production superintendent are: a. Prime cost b. Conversion cost c. Direct labor d. Manufacturing cost 2. The cost of insurance for manufacturing plant is a a. Product cost d. Prime cost c. Conversion cost d. Period cost 3. Factory supplies for manufacturing plant are generally a. Prime cost b. Fixed cost c. Period cost d. Variable cost 4. Wages paid to timekeeper in a factory is a a. Prime cost b. Direct Material c. Conversion cost d. Direct labor
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 5E: From the choices presented in parentheses, choose the appropriate term for completing each of the...
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Choose the correct letter in each item. Kindly answer all items. NO EXPLANATION NEEDED
1. Wages for factory assembler and production superintendent are:
a. Prime cost
b. Conversion cost
c. Direct labor
d.
2. The cost of insurance for manufacturing plant is a
a. Product cost
d. Prime cost
c. Conversion cost
d. Period cost
3. Factory supplies for manufacturing plant are generally
a. Prime cost
b. Fixed cost
c. Period cost
d. Variable cost
4. Wages paid to timekeeper in a factory is a
a. Prime cost
b. Direct Material
c. Conversion cost
d. Direct labor
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