1-4: doza, Inc. manufactures and sells aluminum dishes for camping and outdoor e
ID: 2587036 • Letter: 1
Question
1-4: doza, Inc. manufactures and sells aluminum dishes for camping and outdoor enthuslast through a mail order Mendoza. These sheets a where they are trimmed down into a circular shape. Thes stamping machine where they are formed into plat shipped to sell catalog operation. Large rectangular sheets of aluminum re cut down into smaller squares and are then fed into a machine are purchased by e aluminum circles are then fed into a warehouses where they are packed and then shipped to customers. es and bowls. After production, the dishos are 1. Which of the following terms could be used to correctly describe the cost of the aluminum sheets? A) fixed cost B) period cost C) direct cost D) conversion cost 2. Which of the following terms could be used to correctly describe the wages paid to the machine operator who operates the stamping machine? A) direct labor cost B) administrative cost C) opportunity cost D) manufacturing overhead cost 3. Which of the following terms could be used to correctly describe the cost of electricity used to run the stamping machine? A) variable cost B) indirect cost C) manufacturing overhead cost D) all of the above 4. Which of the following terms could be used to correctly describe the straight-line depreciation cost on the stamping machine? A) period cost B) variable cost C) inventoriable cost D) both A and C aboveExplanation / Answer
1) which of the following terms could be used to correctly describe the cost of the aluminium sheets?
Answer : C) Direct cost
2) which of the following terms could be used to correctly describe the wages paid to the machine operator who operates the stamping machine ?
Answer : A) direct labour costs
3) which of the following terms could be used to correctly describe the cost of electricity used to run the stamping machine ?
Answer : D) all of the above (variable cost , indirect cost and manufacturing overhead cost)
4) which of the following terms could be used to correctly describe the straight line depreciation cost on the stamping machine?
Answer : C) inventoriable cost
5) The total of the manufacturing overhead costs listed above for September is
Answer : B) $50,000
=(utilities, factory +indirect labour + depreciation of production equipment)
= (5,000+25,000+20,000) =$50,000
6) The total of the product costs listed above for September is
Answer :A) $292,000
= (direct materials + utilities, factory +indirect labour + depreciation of production equipment + direct labour
= (113,000+5,000+25,000+20,000+129,000) =$292,000
7) The total of the period costs listed above for September is
Answer : $294,000
= (administrative salaries +sales commission +depreciation of administrative equipment+advertising)
= (81,000+48,000+30,000+135,000) = $294,000
8) Which of the selling and administrative expenses of the company is variable
Answer : B) sales commission
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