Manufacturing overhead consists of all of the following except
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- Which of the following is a prime cost? A. indirect materials B. direct labor C. administrative expenses D. factory depreciation expensesIndirect material used in production is classified as __________. administration overhead selling overhead distribution overhead production overheadWhich of the following would be included in the journa record the requisition of indirect materials? O a. Debit to Work in process inventory O b. Debit to Finished Goods Inventory Oc. Debit to Manufacturing Overhead O d. Debit to Materials inventory
- Overhead Cost total includes: a.Indirect tools used b.Indirect Commision paid c.Indirect labour d.Indirect Cost related to transport of GoodManufacturing overhead consists of all Manufacturing overhead consists of all a.costs other than direct materials and direct labor. b.manufacturing costs other than direct materials. c.manufacturing costs other than direct materials and direct labor. d.costs other than direct materials.The entry to record the cost of raw materials placed in production is: a. Dr Work-In-Process; Cr Raw Materials Inventory b. Dr Raw Materials Inventory; Cr Accounts Payable or Cash c. Dr Manufacturing Overhead; Cr Raw Material Inventory d. Dr Work-In-Process; Cr Accounts Payable or Cash
- Conversion cost consist of A) direct materials and direct labour B) direct labour and manufacturing overhead C) direct materials and manufacturing overhead D) direct materials, direct labour and manufacturing overheadIndirect materials and indirect labour are classified as: O a. manufacturing overhead and product costs O b. operating costs and product costs O c operating costs and period costs O d. manufacturing overhead and period costsThe following is part of Production Overheads a. Office Salary b. Depreciation of Office AC c. Depreciation of Machine d. Salesman Salary
- Which of the following journal entries is used to record fixed overhead costs allocated? O A. Fixed Overhead Allocated Work-in-Process Control C) B. 0 D. Fixed Overhead Allocated Fixed Overhead Control Work-in-Process Control Fixed Overhead Allocated 0 D. Fixed Overhead Control Work-in-Process ControlCompute the amount for each of the following. Direct materials used Indirect materials used Direct labor used Indirect labor used Cost of goods manufactured Cost of goods sold (before closing over- or underapplied overhead) Compute the amount that overhead is overapplied or underapplied.Manufacturing overhead applied is added to direct labor incurred and to what other item to equal total manufacturing costs for the period? OA) Goods available for sale B) Raw materials purchased OC) Work in Process inventory D) Direct materials used