ACC 202: Managerial Accounting QUESTIONS
AND ANSWERS 100% VERIFIED A+
GUARANTEED
1). These costs are included in a recent summary of data for a company:
- advertising expense: $85,000;
- depreciation expense- factory building: $133,000;
- direct labor: $250,000;
- direct material used: $300,000;
- factory utilities: $105,000;
- sales salaries expense: $150,000.
determine the dollar amount of manufacturing overhead costs.
Ans: $238,000
2). Managerial accounting is an activity that provides financial and nonfinancial information to
an organization's managers and other internal decision makers.
Ans: True
3). Raw materials costs are classified as manufacturing overhead.
Ans: False
4). The total cost of a finished product does not generally contain equal amounts of materials,
labor, and overhead costs.
Ans: True
5). Both direct labor cost and indirect labor cost are product costs.
Ans: True
6). Indirect materials and indirect labor are both *inventoriable costs (*costs that are
accounted for in raw-materials inventory, work-in-process inventory or finished goods
inventory).
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AND ANSWERS 100% VERIFIED A+
GUARANTEED
1). These costs are included in a recent summary of data for a company:
- advertising expense: $85,000;
- depreciation expense- factory building: $133,000;
- direct labor: $250,000;
- direct material used: $300,000;
- factory utilities: $105,000;
- sales salaries expense: $150,000.
determine the dollar amount of manufacturing overhead costs.
Ans: $238,000
2). Managerial accounting is an activity that provides financial and nonfinancial information to
an organization's managers and other internal decision makers.
Ans: True
3). Raw materials costs are classified as manufacturing overhead.
Ans: False
4). The total cost of a finished product does not generally contain equal amounts of materials,
labor, and overhead costs.
Ans: True
5). Both direct labor cost and indirect labor cost are product costs.
Ans: True
6). Indirect materials and indirect labor are both *inventoriable costs (*costs that are
accounted for in raw-materials inventory, work-in-process inventory or finished goods
inventory).
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