Clicker Question Preparation Guide Ch 1 Clicker questions will be asked in class based on your completion of this preparation guide Example in class question What is the answer to Question 3 b You will not have time to complete this guide in class 1 Determine whether each of the following costs should be classified as Period or Product costs a b c d e f g h Indirect materials Direct materials used Sales salaries Indirect factory labor Office equipment depreciation Factory manager s salary Direct labor Advertising 2 Wallace Manufacturing manufactures engines Determine whether each of the following costs should be classified as direct materials direct labor or manufacturing overhead for the company a b c d e f Wages paid to assembly line workers Factory Property Tax Depreciation on factory equipment Factory supervisor s salary Engine parts used in manufacturing engines Small amounts of oils and lubricants for engines 3 Tellis Tires has the following data beginning work in process 240 000 direct materials used 120 000 direct labor 340 000 and total manufacturing overhead 212 000 a Compute Total Manufacturing Costs b Compute Total Cost of Work in Process 4 Green Mountain Co reported the following year end information beginning work in process inventory 200 000 cost of goods manufactured 850 000 beginning finished goods inventory 415 000 ending work in process inventory 410 000 and ending finished goods inventory 225 000 Green Mountain Co s Cost of Goods Sold for the year is 5 Flynn Manufacturing reported the following year end information Beginning work in process inventory 975 000 Beginning raw materials inventory 120 000 Ending work in process inventory 425 000 Ending raw materials inventory 85 000 Raw materials purchased 245 000 Direct labor 600 000 Manufacturing overhead 530 000 Flynn s Cost of Goods Manufactured for the year is
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