Which one of the following would not be classified as manufacturing overhead
1. LO 2.1Which of the following is the primary source of revenue for a service business? 2. LO 2.1Which of the following is the primary source of revenue for a merchandising business? 3. LO 2.1Which of the following is the primary source of revenue for a manufacturing business? 4. LO 2.1Which of the following represents the components of the income statement for a service business? 5. LO 2.1Which of the following represents the components of the income statement for a manufacturing business? 6. LO 2.1Which of the following represents the components of the income statement for a merchandising business? 7. LO 2.2Conversion costs include all of the following except: 8. LO 2.2Which of the following is not considered a product cost? 9. LO 2.2Fixed costs are expenses that ________. 10. LO 2.2Variable costs are expenses that ________. 11. LO 2.2Total costs for ABC Distributing are $250,000 when the activity level is 10,000 units. If variable costs are $5 per unit, what are their fixed costs? 12. LO 2.2Which of the following would not be classified as manufacturing overhead? 13. LO 2.2Which of the following are prime costs? 14. LO 2.2Which of the following statements is true regarding average fixed costs? 15. LO 2.3The high-low method and least-squares regression are used by managers to ________. 16. LO 2.3Which of the following methods of cost estimation relies on only two data points? 17. LO 2.3In the cost equation Y = a + bx, Y represents which of the following? 18. LO 2.3A scatter graph is used to test the assumption that the relationship between cost and activity level is ________. What is not classified as manufacturing overhead?Manufacturing overhead does not include any of the selling or administrative functions of a business. Thus, the costs of such items as corporate salaries, audit and legal fees, and bad debts are not included in manufacturing overhead.
Which of the following are classified as manufacturing overhead?Usually manufacturing overhead costs include depreciation of equipment, salary and wages paid to factory personnel and electricity used to operate the equipment.
What are 4 examples of manufacturing overheads?Examples of manufacturing overhead costs are:. Rent of the production building.. Property taxes and insurance on manufacturing facilities and equipment.. Communication systems and computers for a manufacturing facility.. Depreciation on manufacturing equipment.. Salaries of maintenance personnel.. Which of the following is not classified as a factory overhead cost *?Salary is not factory overhead.
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