Exam 2: Basic Cost Management Concepts

All of the following costs are included in factory overhead EXCEPT

Which of the following expenses incurred by a department store is a direct cost for the women's shoe department?

In a cost management system, the process view does NOT include

Which of the following costs is a product cost?

Information from the records of Place, Inc., for December 2011 is as follows: The net income for the month of December is

Figure 2-12 Information from the records of the Scully Company for July 2011 was as follows: Scully Corporation produced 20,000 units. - Refer to Figure 2-12.The prime costs per unit for July were

Which of the following costs incurred by a bus manufacturer would NOT be directly attributable to the finished product?

Which of the following costs would NOT be included in calculating inventory values under the absorption-costing basis?

The sum of the total additions to work in process during a period is

Which of the following costs is a period cost for a manufacturing company?

Figure 2-11 Information from the records of the Cain Corporation for August 2011 was as follows: *variable overhead is $205,000, fixed overhead is $200,000 - Refer to Figure 2-11.The total product cost is

The following information has been provided: What is the amount of factory overhead?

Best Corporation incurred the following costs: Required: Calculate the following values:

Inventory balances for Rude, Inc., in April 2011 are as follows: During April, purchases of direct materials were $18,000.Direct labor and factory overhead costs were $20,000 and $28,000, respectively. The cost of goods manufactured in April was

The merchandise inventory in a merchandising business corresponds most closely to which of the following items in a manufacturing firm?

Which of the following items would be associated with both a functional-based cost accounting information system and an activity based cost information system?

Order-getting costs would NOT include

The insurance paid on the factory is

With regard to services, inseparability means that

Figure 2-15 Information from the records of the Tyler Enterprises for March 2011 is as follows: -Refer to Figure 2-15.What was the cost of materials used in production?