Please answer for me this 15 item multiple choice pls thank you.

MULTIPLE CHOICE

1. Manufacturing may involve process of turning raw materials or parts into finished goods through the following, EXCEPT

A. Human labor B. Use of tools or machinery C. Breaking bulks by selling individual or small lots D. Chemical processing

2. Which below is the MOST LIKELY set of a raw material and its finished product?

A. Raw material: Papaya; Finished product: Chocolate-banana smoothie B. Raw material: Used oil; Finished product: Refined oil C. Raw material: Cloth; Finished product: Scraps of cloth D. Raw material: Mobile phone; Finished product: Mobile phone charger

3. The accounts related to beginning balances of raw materials inventory, work in process inventory, and finished goods inventory of a manufacturing concern would appear in its supporting notes to the

A. Statement of owner's equity only B. Statement of profit or loss only C. Statement of financial position only D. Statement of profit or loss and Statement of financial position

4. Which of the following shows an advantage of a manufacturing concern?

A. A manufacturer of a chemical product dumping its waste products in a nearby lake since it will be cheaper to do so. B. Toyota Motors requiring 250 million to setup a manufacturing plant in Laguna. C. Nike being able to dictate the type of leather and rubber to be used in their Jordan 11 line. D. A manufacturer collecting cash from SM Department Store in the next 60 days, on top of manufacturing time of 30 days.

5. Wages paid to the supervisor of the warehouse where finished goods are placed awaiting sale is considered an example of

A. Direct labor - YES, Period cost - YES B. Direct labor - NO, Period cost - NO C. Direct labor - YES, Period cost - NO D. Direct labor - NO, Period cost - YES

6. How many of the costs listed below will be included in computing conversion costs of a wooden chair manufacturing company?

-Salary of forklift operator working in manufacturing site -Depreciation on forklift used in manufacturing site -Electricity costs incurred in manufacturing site -Wood -Leather for seat -Wages of workers such as wood cutters and sanders

A. 5 B. 6 C. 3 D. 4

7. Which two terms below describe the monthly salaries paid to cleaners that clean the factory facility, assuming product is the cost object?

A. Variable cost and direct cost B. Variable cost and indirect cost C. Fixed cost and indirect cost D. Fixed cost and direct cost

8. Dell Technologies, a computer manufacturer which allows its customers to customize their own computers, is following what kind of manufacturing concept?

A. Make-to-assemble B. Stock-to-assemble C. Make-to-stock D. Assemble-to-stock

9. The cost of direct materials is classified as

A. Conversion and manufacturing cost but not prime cost B. Manufacturing cost but not prime or conversion cost C. Prime and manufacturing cost but not conversion cost D. Prime, conversion, and manufacturing cost

10. What is an indirect cost in producing clothes?

A. Thread B. Salary of factory worker C. Expensive embellishments and accessories D. Packaging

11. A service firm incurred 20,000 depreciation for the year based on straight-line method. The amount of 20,000 will be considered as part of the company's total

A. Variable costs B. Inventory costs C. Product costs D. Fixed costs

12. According to the accountant's report, applied manufacturing overhead amounted to 15,000 while the direct material and direct labor are based on actual amounts. Then the company must be using

A. Standard cost system B. Actual cost system C. Normal cost system D. Application cost system

13. Cost of goods manufactured will usually include

A. Only costs incurred during the current period B. Some costs incurred during the prior period as well as costs incurred during the current period C. Only direct labor and direct materials costs D. Some period costs as well as some product costs

14. The following would MOST LIKELY be classified as variable in terms of cost behavior, EXCEPT

A. Direct materials B. Sales commissions based on sales revenue C. Machine depreciation based on units produced D. Production supervisor's salary

15. Which item is NOT a distribution cost?

A. Storage cost B. Freight out C. Selling expenses D. Freight in