Chat with AIExam 5: Cost Estimation and Manufacturing Cost Classification
Exam 1: Introducing Financial Accounting12 Questions
Exam 2: Categorizing Inventory on the Balance Sheet9 Questions
Exam 3: Reporting and Analyzing Liabilities,inventory Long-Term Operating Assets, Revenues and Receivables8 Questions
Exam 4: Understanding the Importance of Management Accounting Reports and Off-Balance-Sheet Financing7 Questions
Exam 5: Cost Estimation and Manufacturing Cost Classification24 Questions
Exam 6: Product Costing: Job and Process Operations28 Questions
Exam 7: Analyzing Total Payroll Department Costs12 Questions
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Rock Bottom's Brew is a successful brewery engaged in the development and production of specialty micro brews. It uses manufacturing cost hierarchy to allocate costs to various activities. During the past year, it has incurred:
Cost Description \ 725,000 product development costs \ 475,000 materials handling costs \ 1,250,000 production line labor costs \ 450,000 production setup costs \ 250,000 power costs (for cooling beer and running equipment) \ 875,000 manufacturing facility management costs
-Using the manufacturing cost hierarchy, what is the total cost that would be classified as product-level activity costs?
(Multiple Choice)
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(38) Classify the total costs of each of the following as
-Raw materials used in production
(Multiple Choice)
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(29) Classify the total costs of each of the following as
-Water consumed by the plant, which is based on a flat fee plus actual consumption
(Multiple Choice)
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(45) Classify the total costs of each of the following as
-Annual salary for the vice president of manufacturing
(Multiple Choice)
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(31) 
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