Accounting

Accounting

Question: The management of an organization perform sevral broad functions. They are:
A
planning,directing and motivating, and selling.

B
planning, directing and motivating, and controlling.

C
planning, manafacturing and controlling.

D
directing and motivating, manafacturing and controlling.

Note: Not available
1. Report
Question: Direct materials are a:
A
Conversion Cost =Yes Manufacturing Cost=Yes Prime Cost=No

B
Conversion Cost =No Manufacturing Cost=Yes Prime Cost=Yes

C
Conversion Cost =Yes Manufacturing Cost=Yes Prime Cost=Yes

D
Conversion Cost =No Manufacturing Cost=No Prime Cost=No

Note: Not available
1. Report
Question: Indirect labor is a:
A
nonmanufacturing cost.

B
prime cost.

C
product cost.

D
period cost.

Note: Not available
1. Report
Question: Which of the following cost would be included in manufacturing overhead of a computer manufacturer?
A
The cost of the 3.5 inch disk drives.

B
The wages earned by computer assemblers.

C
The cost of the memory chips.

D
Depreciation on testing equipment.

Note: Not available
1. Report
Question: Which of the following is not an element of manufacturing overhead?
A
Sales manager's salary.

B
Plant manager's salary.

C
Factory repairman's wages.

D
Product inspector's salary.

Note: Not available
1. Report
Question: For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and ending finished goods inventory of $250,000. The cost of goods sold is:
A
$450,000

B
$550,000

C
$500,000

D
$600,000

Note: Not available
1. Report
Question: The cost of goods manufactured schedule shows beginning and ending inventories for:
A
raw materials and work in process only.

B
work in process only.

C
raw materials only.

D
raw material, work in process and finished goods.

Note: Not available
1. Report
Question: In the manufacture balance sheet, three inventories may be reported: (1) raw materials, (2) work in process and (3) finished goods. Indicate in what sequence these inventories generally appear on a balance sheet.
A
(1),(2),(3)

B
(2),(3),(1)

C
(3),(1),(2)

D
(3),(2),(1)

Note: Not available
1. Report
Question: Cost accounting involves the measuring, reocrding and reporting of:
A
product costs.

B
future costs.

C
manufacturing processes.

D
managerial accounting decisions.

Note: Not available
1. Report
Question: In accumulating raw material costs. the cost of raw manterials purchased in a perpetual system is debited to:
A
Raw Materials Purchase.

B
Raw Materials Inventory.

C
Purchases.

D
Work in Process.

Note: Not available
1. Report

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Question: The management of an organization perform sevral broad functions. They are:

Question: Direct materials are a:

Question: Indirect labor is a:

Question: Which of the following cost would be included in manufacturing overhead of a computer manufacturer?

Question: Which of the following is not an element of manufacturing overhead?

Question: For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and ending finished goods inventory of $250,000. The cost of goods sold is:

Question: The cost of goods manufactured schedule shows beginning and ending inventories for:

Question: In the manufacture balance sheet, three inventories may be reported: (1) raw materials, (2) work in process and (3) finished goods. Indicate in what sequence these inventories generally appear on a balance sheet.

Question: Cost accounting involves the measuring, reocrding and reporting of:

Question: In accumulating raw material costs. the cost of raw manterials purchased in a perpetual system is debited to: