80.2K

Verified Solution

Link Copied!

Chapter 4 1. Which of the following costs is adirect cost to amanufactured product? A. depreciation expense on factory equipment used forthe product B. the wages of an assembly workerwho works specifically on the product C. a factory supervisorwho oversees the production of several different types of products D. accountantswho accumulate the costs of the product 2. Which of the se costs is NOT an indirect production cost foramanufactured chair? A. rental cost of factory building B. depreciation expense on factory equipment C. cost of staff to produce the chair D. salary of factory supervisor 3. The computation for Cost of Goods Manufactured on the income statement is (Assume there are no work-in-processinventories.) A. direct materials used plus direct labor plus direct production costs B. direct materials used plus directlabor C. direct materials usedplus direct labor plus indirect production costs D. direct materials usedplus direct production costs 4. The allocation of indirect costs in an activity-based costing (ABC) system A. requires the use of cost drivers as cost allocation bases B. is simplified because more costs are identified as direct costs. C. requires the use of single cost pool. D. is simplified because only the products are identified as cost objects

Answer & Explanation Solved by verified expert

See Answer