Question $1(1$ point$)$

Advertising cost for a factory is an example of a

Question $1$ options:

Direct labor

Period cost

Direct materials

Manufacturing Overhead

Question $2(1$ point$)$

A cost is $$50,000$ when $25,000$ units are produced, and $$55,000$ when $50,000$ units are produced. This is an example of a$($n$)$

Question $2$ options:

direct cost.

variable cost.

fixed cost.

indirect cost.

Question $3(1$ point$)$

Includes all costs other than direct materials and direct labor that must be incurred to manufacture a product:

Question $3$ options:

Direct Materials

Nonmanufacturing costs

Manufacturing overhead

Direct Labor

Question $4(1$ point$)$

Comprised of direct material and direct labor costs:

Question $4$ options:

Prime costs

Conversion costs

Irrelevant costs

None of the above

Question $5(1$ point$)$

Costs associated with running the business and selling the product, as opposed to manufacturing the product:

Question $5$ options:

Direct labor

Direct materials

Nonmanufacturing costs

Manufacturing overhead

Question $6(1$ point$)$

Portland, Inc. has formed four activity cost pools: Product Design, Machining and Production, Machine Setup, and Inspection. Gina Taylor, Production Manager at Portland, oversees processes that are considered part of Machining and Production, Machine Setup, and Inspection. Taylor's salary should be

Question $6$ options:

allocated among Machining and Production, Machine Setup, and Inspection

considered as a separate activity.

assigned to the activity she spends the most time on

expensed in the period incurred

Question $7(1$ point$)$

An account that accumulates manufacturing costs throughout the production process, before the unit is completed:

Question $7$ options:

Work in Process

Job Order Costing

Finished Goods Inventory

Process Costing

Question $8(1$ point$)$

An activity cost driver is

Question $8$ options:

A$.$

a measure of the underlying activity that occurs in each activity cost pool.

a measure of the volume of units produced or customers sold.

a number of activities combined into one cost pool.

the cost assigned to an activity.

Question $9(1$ point$)$

System used to track costs of homogeneous $($same$)$ products, such has petroleum products, using a series of standardized processes:

Question $9$ options:

Process Costing

Job Order Costing

Finished Goods Inventory

Work in Process

Question $10(1$ point$)$

System used to track costs for unique goods such as homes, yachts, etc.:

Question $10$ options:

Job Order Costing

Finished Goods Inventory

Work in Process

Process Costing

Question $11(1$ point$)$

Which of the following types of firms would most likely use job order costing?

Question $11$ options:

Huey, Lewey & Dewie, Attorneys

C$-5$ Cement Manufacturing Company

SoooSweet Beverage

Happy$-$Oh Cereal Company

Question $12(1$ point$)$

Utilities cost for a factory is an example of a

Question $12$ options:

Direct labor

Indirect materials

Variable cost

Direct materials

Question $13(1$ point$)$

Monroe, Inc. randomly selects ten units from each production run to be inspected for quality, regardless of the size of the production run. The inspection of these units would most likely be classified as a

Question $13$ options:

batch$-$level activity

unit$-$level activity.

product$-$level activity

facility or companywide activity.