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ACC 576 Week 10 Quiz ( All Possible Questions ) ACC 576 Week 10 Study
1 . Wages earned by machine operators in producing the firm ' s product should be categorized as
2 . Which of the following is assigned to goods that were either purchased or manufactured for resale ?
3 . In a traditional job order cost system , the issue of indirect materials to a production department increases
4 . The accountant for Champion Brake , Inc . applies overhead based on machine hours . The budgeted overhead and machine hours for the year are $ 260,000 and 16,000 , respectively . The actual overhead and machine hours incurred were $ 275,000 and 20,000 . The cost of goods sold and inventory data compiled for the year is as follows : Direct Materials $ 50,000 , COGS 450,000 , WIP ( units ) 100,000 , Finished Goods ( units ) 150,000 . What is the amount of over / under applied overhead for the year ?
5 . If a product required a great deal of electricity to produce , and crude oil prices increased , which of the following costs most likely increased ?
6 . Fab Co . manufactures textiles . Among Fab ' s 2004 manufacturing costs were the following salaries and wages : Loom operators $ 120,000 , Factory foremen 45,000 , Machine mechanics 30,000 . What was the amount of Fab ' s 2004 direct labor ?