In cost terms, the direct manufacturing labor cost is included in ___________?
A. manufacturing costs B. prime costs C. conversion costs D. both B and C
Accounting MCQs with Answers
The direct manufacturing labor costs is added into manufacturing overhead cost to calculate ___________?
A. transaction costs B. conversion costs C. resale costs D. merchandise costs
The labor related to the manufacturing of the product can be classified under _____________?
A. direct manufacturing labor costs B. indirect manufacturing labor costs C. work in process cost D. finished costs
The conversion cost is $2000 and the manufacturing overhead cost is $7000, then the direct manufacturing labor cost will be _________?
A. $27,000 B. $13,000 C. $130,000 D. $29,500
The terms used in manufacturing cost systems are ____________?
A. manufacturing costs B. prime costs C. conversion costs D. both B and C
In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are
A. inventoriable costs B. finished costs C. factory overhead costs D. manufacturing overhead costs
The prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be ____________?
A. $40,000 B. $60,000 C. $52,000 D. $20,000
The direct service labor is $5000, the idle time wages are $1000 and the overtime premium is $450, then the total figure would be _________?
A. $4,450 B. $6,450 C. $21,500 D. $14,300
The direct material costs are added into direct manufacturing costs, to calculate _________?
A. discuss costs B. prime costs C. resale cost D. merchandise costs
If the direct service labor is $7000, the idle time wages are $2000 and the overtime premium is $950, then the total figure would be __________?
A. $5,850 B. $5,950 C. $9,950 D. $10,050