sts? A. Office sala ch of the following statements is True reparding product and

Question

sts? A. Office sala ch of the following statements is True reparding product and jir a peried n e salaries expense is a product cost and factory mainteais a period ery expense is a product cost and indirect materials is a per overhead applied is less than actual overhead incurred, it is y maintenance is od cost product cost and supervisors' salaries expense en rctory rent is a product cost and advertising expensrai, is a period ice rent is a c is a period cont od cost D. Delivery 53. If A. Fully applied C. Overapplied. D. Expected os The Goods in Process Inventory account for AlB Manufacturing follows. Compute Jobs completed and transferred to Finished Goods Inventory the cost of 54. The Goods in Process Inventory 4,500 47,100 29,600 Beginning balance Direct materials Direct labor Applied overhead Ending balance Finished goods 15,800 8,900 The cost of units transferred to finished goods is: A. $97,000. B. $105,900. C. $88,100. D. $95,200 A. A company produces more than one product line B. A company produces only one product C. A company is highly automated D. A company has more than one production facility. 55 An activity-based costing system would probably not be appropriate if

Explanation / Answer

52) option C is the correct option Factory rent is a product cost and advertising expense is a period cost (product cost is cost to manufacture product , thus direct materials, direct labor and manufacturing overhead are product cost .period costs are costs which are not product cost) 53) option B under applied 54) cost of goods completed & transferred to finished goods opening +direct materials+direct labor +applied overhead- ending balance 4,500+47,100+29,600+15,800-8,900 88100 option c $88,100 55) option B A company produces only one product

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