Accounting: What the Numbers Mean
11th Edition
ISBN: 9781259535314
Author: David Marshall, Wayne William McManus, Daniel Viele
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 12, Problem 12.8E
Exercise 12.8
LO 3
Cost classifications For each of the following costs, check the column(s) that most likely applies (apply)
Cost
Variable Fixed
Raw materials________ ________
Staples used to secure packed boxes of product ________ ________
Plant janitors’wages________ ________
Order processing clerks’ 'wages________ ________
Advertising expenses________ ________
Production workers’ wages________ ________
Production supervisors’ salaries________ ________
Sales force commissions________ ________
Maintenance supplies used________ ________
President’s salary________ ________
Electricity cost________ ________
Real estate taxes for:________ ________
Factory________ ________
Office building________ ________
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Chapter 6, Problem 16MC
Textbook Problem
15 views
Under variable costing, a unit of product includes which costs?
A. direct material, direct labor, and manufacturing overhead
B. Direct material, direct labor, and variable manufacturing
overhead
C. Direct material, direct labor, and fixed manufacturing
overhead
D. Direct material, direct labor, and all variable manufacturing
overhead
272 Chapter 8
III. Multiple Choice
to batches of
Which of the following is a hybrid costing system that applies
like or similar products?
Fixed costing system
b.
1,
Process costing system
c.
a.
d.
Variable costing system
In backflush costing, the journal entry to record direct-labor costs incurred
would include a
Operation costing system
2.
Credit to work-in-process
Credit to cost of goods sold
Debit to work-in-process
a.
с.
b.
Debit to conversion costs
d.
A manager's needs regarding cost management and accuracy in product
costing, and the underlying production system, determine the choice of a(n)
Costing system
b.
3.
Operation system
Production system
a.
с.
Manufacturing system
d.
When backflush costing is used, managers generally do not use which of the
following to keep track of operations?
Complex costing methods
b.
4.
* Nonfinancial measures
a.
с.
Computer monitoring
d.
Personal observations
5.
Key features in a just-in-time production system include all of the following
except…
Table for Question 9 only Raw material Labor Overhead
Absorption Rate administration Selling Costs GHS 5 4321
What is the factory cost?
OA. 9
Ов. 12
OC 14
OD. 15
Chapter 12 Solutions
Accounting: What the Numbers Mean
Ch. 12 - Prob. 12.1MECh. 12 - Prob. 12.2MECh. 12 - Prob. 12.3MECh. 12 - Prob. 12.4MECh. 12 - Prob. 12.5MECh. 12 - Prob. 12.6MECh. 12 - Exercise 12.7 LO 3 Cost classifications For each...Ch. 12 - Exercise 12.8 LO 3 Cost classifications For each...Ch. 12 - Prob. 12.9ECh. 12 - Prob. 12.10E
Ch. 12 - Prob. 12.11ECh. 12 - Prob. 12.12ECh. 12 - Prob. 12.13ECh. 12 - Prob. 12.14ECh. 12 - Exercise 12.15
LO 8, 9
Special promotion—effects...Ch. 12 - Prob. 12.16ECh. 12 - Problem 12.17 LO 6 High-low method A department of...Ch. 12 - Problem 12.18
LO 6
High-low method—missing amounts...Ch. 12 - Prob. 12.19PCh. 12 - Prob. 12.20PCh. 12 - Prob. 12.21PCh. 12 - Prob. 12.22PCh. 12 - Prob. 12.23PCh. 12 - Prob. 12.24PCh. 12 - Prob. 12.25PCh. 12 - Problem 12.26 LO 8. 9, 10, 11 CYP...Ch. 12 - Prob. 12.27PCh. 12 - Prob. 12.28PCh. 12 - Prob. 12.29CCh. 12 - Prob. 12.30CCh. 12 - Prob. 12.31CCh. 12 - Case 12.32 LO 12 Understanding the effects of...Ch. 12 - Prob. 12.33C
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