You are watching: Which of the following would be classified as a factory overhead cost by a baking company?
All of these choices are correct.Feedback: Financial accountants carry out information to stockholders, creditors, and also the basic public
Which of the adhering to is not one of the 5 phases in the monitoring process?analyzingimprovingdecision makingplanning
analyzingFeedback: Analysis is vital in accounting; yet, it is not one of the 5 phases of the administration process.
Which of the following is one of the five phases in the administration process?analyzingreconcilingdecision makingbudgeting
decision makingFeedback: The 5 phases of the monitoring procedure are planning, directing, controlling, enhancing, and decision making
Which of the following would be classified as a factory overhead cost by a baking company?depreciation of factory equipmentdepreciation of office equipmentstrawberriesfreight in
depreciation of manufacturing facility equipmentFeedback: Correct. Costs, other than straight materials and direct labor, that are incurred in the manufacturing process are linked and also classified as factory overhead cost.
Which of the adhering to would be classified as an instraight cost by a baking company?salaries of manufacturing supervisorsfloursalaries of bakersfrosting
salaries of production supervisorsFeedback: Instraight prices are not directly attributed to the expense object.
Which one of the following positions would have salaries or wperiods that are classified as a manufacturing facility overhead price by a baking company?bakerfactory supervisorsalesmanpresident of the company
manufacturing facility supervisorFeedback: Costs, various other than direct products and also direct labor, that are incurred in the manufacturing process are combined and also classified as manufacturing facility overhead price.
Which among the following is the correct formula for determining expense of items manufactured?:beginning work in process inventory - full manufacturing prices + finishing work-related in procedure inventoryfinishing job-related in process inventory - complete production prices - start work-related in process inventoryfinishing occupational in procedure inventory + total manufacturing expenses + start work-related in process inventorystart work-related in procedure inventory + total production costs - finishing work in procedure inventory
beginning occupational in process inventory + full manufacturing prices - finishing work-related in procedure inventoryFeedback: The formula for price of items manufactured is as follows: beginning work in process inventory + complete production costs - finishing job-related in process inventory.Objective Association
A balance sheet for a manufacturing company consists of every one of the following inventories exceptwork-related in process.straight labor.finiburned items.products.
straight labor.Feedback: The balance sheet of a manufacturing firm consists of three inventory accounts in the assets section consisting of materials inventory.
Ralph"s Cafe Company type of has actually the following information for June.Cost of products placed in manufacturing $45,000Direct labor 20,000Factory overhead 14,000Work in procedure inventory, June 1 2,900Work in process inventory, June 30 3,500What is the expenses of products manufactured?$75,500$81,900$79,000$78,400
$78,400Feedback: Correct.Work in process inventory, June 1 $2,900Cost of materials inserted in production $45,000 Direct labor 20,000 Factory overhead 14,000 Total manufacturing expenses incurred 79,000Total manufacturing prices 81,900Less: Work in procedure inventory June 30 3,500Cost of items manufactured $78,400
Which of the complying with would certainly most likely not be figured out using managerial accounting reports?the manufacturing price of each item producedthe amount of employee downtimerevenue per sharethe effectiveness of purchasing new equipment to speed up the manufacturing process
earnings per shareFeedback: Managerial reports administer information that aid supervisors evaluate the performance of the company"s operations. Earnings per share is an essential figure figured out for financial reporting.
A firm will usage managerial reports todetermine product offering prices.reduce direct labor costs.All of these choices are correct.determine spoilage.
All of these selections are correct.Feedback: Managers need indevelopment from managerial bookkeeping reports to guide their decision making about all aspects of company operations.
A firm will certainly usage managerial reports tothink about computerized production processes.determine actual product prices.All of these choices are correct.estimate product prices.
Feedback: Managers require information from managerial audit reports to overview their decision making concerning all facets of the agency.
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The complete manufacturing expenses incurred is established utilizing every one of the complying with except:straight labor.manufacturing facility overhead.offering prices.straight materials provided in production.
selling prices.Feedback: Correct. Costs for carrying the product to the customer are classified as offering expenses
Fundamentals of Financial Management, Concise Edition (through Thomkid ONE)8th EditionEugene F. Brigham, Joel F Houston
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