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17 which of the following cost is included in cost of goods sold a customer service 4301198

 

17) Which of the following cost is included in cost of goods sold?

A) customer service cost

B) manufacturing labor cost

C) distribution cost

D) marketing cost

 

18) Manufacturing overhead costs in an automobile manufacturing plant most likely include ________.

A) labor costs of the painting department

B) indirect material costs such as lubricants

C) leather seat costs

D) tyre costs

 

19) Manufacturing overhead costs are also referred to as ________.

A) indirect manufacturing costs

B) prime costs

C) direct manufacturing costs

D) direct material

 

20) Target reports ________.

A) only merchandise inventory

B) only finished goods inventory

C) direct materials inventory, work-in-process inventory, and finished goods inventory accounts

D) no inventory accounts

21) Direct materials inventory would normally include ________.

A) direct materials in stock and awaiting use in the manufacturing process

B) goods partially worked on but not yet fully completed

C) goods fully completed but not yet sold

D) products in their original form intended to be sold without changing their basic form

 

22) Work-in-process inventory would normally include ________.

A) direct materials in stock and awaiting use in the manufacturing process

B) goods partially worked on but not yet fully completed

C) goods fully completed but not yet sold

D) goods returned after being sold to be re-worked on further improvements and quality

 

23) Finished goods inventory would normally include ________.

A) direct materials in stock and awaiting use in the manufacturing process

B) goods partially worked on but not yet fully completed

C) goods fully completed but not yet sold

D) goods returned after being sold to be re-worked on further improvements and quality

 

24) Which of the following is a period cost?

A) sales promotion expenses

B) direct material cost

C) direct labor cost

D) indirect manufacturing costs like plant insurance

 

25) ________ are the acquisition costs of all materials that eventually become part of the cost object and can be traced to the cost object.

A) Sales taxes paid to acquire materials

B) Wages paid to assembly-line workers

C) Plant depreciation incurred

D) Property taxes on plant

26) Which of the following is a direct manufacturing cost?

A) plant maintenance

B) plant rent

C) fringe benefits paid to machine operators

D) property taxes on plant

 

 

 

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