Which of the following is not a product cost?Multiple CholceDirect materlalsDirect laborSales commisslonsVarlable manufacturing overhead

Product cost is that which is not included in the direct manufacturing of the goods. Direct…

Answered: Which of the following is not a product…

Which of the following is not a product cost? Multiple Cholce O Direct materlals ) Direct labor Sales commissions Varlable manufacturing overhead

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4MC: Which of the following is a conversion cost? A. raw materials B. direct labor C. sales commissions...

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Which of the following is not a product cost?
Multiple Cholce
Direct materlals
Direct labor
Sales commisslons
Varlable manufacturing overhead

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Under absorption costing, a unit of product includes which costs? A. direct material, direct labor, and manufacturing overhead B. direct material, direct labor, and variable manufacturing overhead C. direct material, direct labor, and fixed manufacturing overhead D. direct material, direct labor, and all variable manufacturing overhead
Under variable costing, a unit of product includes which costs? direct material, direct labor, and manufacturing overhead Direct material, direct labor, and variable manufacturing overhead Direct material, direct labor, and fixed manufacturing overhead D. Direct material, direct labor, and all variable manufacturing overhead
Under what conditions may the unit costs of materials, labor, and overhead be computed by using only one equivalent production figure?
When is it necessary to use separate equivalent production figures in computing the unit costs of materials, labor, and overhead?
Which is not a task typically associated with ABC systems? A. calculating the overhead application rate for each cost pool B. applying a single cost rate C. identifying a cost driver D. more correctly allocating overhead costs
Why are labor and manufacturing overhead grouped together as conversion costs?
Which of the following is not considered a product cost? A. direct materials B. direct labor C. indirect materials D. selling expense
What are the distinguishing characteristics of variable, fixed, and semivariable factory overhead costs?
Which of the following is a prime cost? A. direct labor B. work in process inventory C. administrative labor D. factory maintenance expenses
Which is the correct formula for computing the overhead rate? A. estimated use of the cost driver for production/estimated overhead for the activity B. estimated overhead for the product/estimated use of the cost driver for the activity C. estimated use of the cost driver for production/estimated overhead for the activity D. estimated overhead for the activity/estimated use of the cost driver for the activity
During production, how are the costs in process costing accumulated? A. to cost of goods sold B. to each individual product C. to manufacturing overhead D. to each individual department
Assigning indirect costs to specific jobs is completed by which of the following? applying the costs to manufacturing overhead using the predetermined overhead rate using the manufacturing costs incurred applying the indirect labor to the work in process inventory