52 Which of the following A. Office salaries expense is a product cot ae alaries

Question

52 Which of the following A. Office salaries expense is a product cot ae alaries expenc B. Office rent is a cost g statements is True regarding product and periad True i product cost and supervisors salaries expense is and factory maintenance is a period cont a period cost od cost . Factory rent is a product cost and advertising expense t aia period coot ivery expense is a product cost and indirect ials is a 53. If A. Fully applied. B. Underapplied C. Overapplied. D. Expected. overhead applied is less than actual overhead Compute the cost of B Manufacturing S4. The Goods in Process Inventory account for A Jobs completed and transferred to Finished Goods Inventory ing follows Goods in Process Inventory Beginning balance Direct materials Direct labor 4.500 47.100 29.600 15,800 8.9001 Finished goods Applied overhead Ending balance The cost of units transferred to finished goods is: A. $97.000. B. $105,900. C. $88,100. D. $95,200. 55 An activity-based costing system would probably not be appropriate if. A. A company produces more than one product line. B. A company produces only one product C. A company is highly automated D. A company has more than one production facility

Explanation / Answer

52) Answer: Option [C] Factory rent is a product cost and advertising expense is a period cost. Rent for manufacturing activites is a product cost. 53) Answer: Option [B] Underapplied. 54) Answer: Option [C] $88,100 Cost of jobs completed and transferred = 4500+47100+29600+15800-8900 = 55) Answer: Option [B] A company produces only one product.

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.