Name cid 9 Section BMGT 221 cid 9 Chap 2 cid 9 Friday Simulation MULTIPLE 5IOICE Choose the one alternative that best completes the statement or answers the question I3 efore these materials are used to manufacture its cars Honda classifies steel glass and plastic as A merchandise inventory cid 9 C work in process inventory cid 9 B raw materials inventory D finished goods inventory 2 Farm Fresh Dairy provided the following expense information for May 2 I Assembly line workers wages Caps for milk bottles Reconfiguring the assembly line Customer support hotline Delivery expenses Depreciation on factory equipment Plastic milk bottles Salaries of salespeople Salaries of research scientists Customer toll free order line O Uf j DM 0A A v 72 000 2 000 155 000 8 000 17 000 81 000 52 000 63 000 84 000 4 000 p cid 9 j cid 9 J2 4 cid 9 cid 9 What is the total cost for the production category alue i A 374 000 cid 9 B 538 000 L 207 000 cid 9 D 52 000 11 00D 1 cid 9 cid 9 cid 9 3 Comfy Furniture Company manufactures furniture cid 9 costs from the past year include of its cid 9 3 C i ftoot VtQ Depreciation on sales office Depreciation on factory equipment cid 9 Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight in on raw materials Costs of delivery to customers cid 9 Wages paid to assembly line workers Lumber used to build product Utilities in factory Utilities in sales office p ewi ck t r KO 11 000 16 000 52 500 23 000 3 000 21 000 115 000 7 000 D M 2 500 otj 9 000 rL 132 500 72 000 p 44 500 10 26 500 r Conv rsion costs for Comfy Furniture Company totaled no ob 5T 15v S i s o DO A 319 500 cid 9 B 214 000 cid 9 C 460 500 5 384 500 1 4 Comfy Furniture Company manufactures furniture at its Akron Ohio factory Some of its cid 9 4 cid 9 costs from the past year include Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight in on raw materials Costs of delivery to customers cid 9 Wages paid to assembly line workers Lumber used to build product Utilities in factory Utilities in sales office cid 9 12 cid 9 Lk k 11 000 16 000 M 0 52 500 23 000 3 000 21 000 115 000 7 000 2 500 9 000 k 132 500 72 000 44 500 26 500 fk it EC 4 it o Product costs for Comfy Furniture Company totaled A 442 500 cid 9 B 482 000 cid 9 466 000 cid 9 D 351 000 5 Express Company reports the following data for its first year of operation Cost of goods manufactured Work in process inventory beginning Work in process inventory ending Direct materials used Manufacturing overhead Finished goods inventory ending 475 000 0 140 000 110 000 185 000 101 000 a iJ1 1 I Thq 10 What are the total manufacturing costs for the year A 770 000 cid 9 B 529 000 cid 9 615 000 11 9 751 000 I LjO CDO D 475 000 6 When deciding to buy a new computer all of the following should be considered EXCEPT for 6 the A cost of the old computer B cost of the new computer C warranty on the new computer D games that come with the new computer 7 Which of the following describes the way fixed costs per unit behave cid 9 7 A They will decrease as production decreases B They will remain the same throughout production levels C They will increase as production increases D They will increase as production decreases 8 Variable costs cid 9 8 A vary per unit of output as production levels change B are fixed in total as production levels change C decrease per unit as production volume increases D are fixed per unit and vary in total as productions levels change v 2ioc5 3
View Full Document
Unlocking...