Which Of The Following Is Not True In Regards To Direct Materials For A Bakery?

Which of the following is not true with regard to direct materials for a bakery?a.Oil to lubricate factory machines would not be a direct material.b.Flour and sugar would probably be direct materials.c.Eggs would probably be a direct material.d.Paper cupcake liners, that become part of the product, must be accounted for as direct materials.

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The cost of a manufactured product generally consists of which of the following costs?a.direct labor cost, direct materials cost, and factory overhead costb.direct labor cost and factory overhead cost onlyc.direct materials cost and factory overhead cost onlyd.direct materials cost and direct labor cost only
Which of the following is an example of direct materials cost for an automobile manufacturer?a.salary of production supervisorb.cost of wages of assembly workerc.cost of interior upholsteryd.cost of oil lubricants for factory machinery
A plant manager”s salary is a(n)a.indirect costb.direct cost and an indirect costc.period costd.direct cost
Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified asa.product costsb.period costc.miscellaneous expensed.factory overhead cost
Period costs includea.current liabilities on the balance sheetb.operating costs that are shown on the income statement in the period in which they are incurredc.operating costs that are shown on the income statement when products are soldd.current assets on the balance sheet
An example of a period cost isa.advertising expenseb.depreciation on factory equipmentc.indirect materialsd.property taxes on plant facilities
Which of the following accounts will be found on the income statement?a.Inventoryb.Cost of Goods Soldc.Work in Processd.Finished Goods
The three most common cost behavior classifications area.fixed costs, variable costs, and mixed costsb.variable costs, sunk costs, and opportunity costsc.variable costs, product costs, and sunk costsd.variable costs, period costs, and differential costs
Costs that remain constant in total dollar amount as the level of activity changes are called ________ costs.a.fixedb.productc.variabled.mixed

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Which of the following describes the behavior of the fixed cost per unit?a.remains constant with changes in productionb.increases with increasing productionc.decreases with increasing productiond.decreases with decreasing production
Which of the following statements is true regarding fixed and variable costs?a.Both costs are constant when considered on a total basis.b.Variable costs are constant in total, and fixed costs vary in total.c.Fixed costs are constant in total, and variable costs are constant per unit.d.Both costs are constant when considered on a per-unit basis.
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