Question 1

Which of the following is an example of direct materials cost for an automobile manufacturer?

Accepted Answer

A)   cost of oil lubricants for factory machinery
B)   cost of wages of assembly worker
C)   salary of production supervisor
D)   cost of interior upholsteryE) A) and B)
F) A) and C)

Question 2

A diagram of the operating structure of an organization is called an organization chart.

Accepted Answer

A) True 
 B)False

Question 3

Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as factory overhead cost.

Accepted Answer

A) True 
 B)False

Question 4

A cost object indicates how costs are related or identified.

Accepted Answer

A) True 
 B)False

Question 5

Rent expense on a factory building would be treated as a (n)

Accepted Answer

A)   period cost
B)   product cost
C)   indirect cost
D)   direct materials costE) B) and D)
F) A) and D)

Question 6

The controller's staff often consists of several management accountants. All of the following would most likely be on the controller's staff except

Accepted Answer

A)   general accountants
B)   budget analysts
C)   investments and shareholder relations managers
D)   cost accountantsE) None of the above
F) C) and D)

Question 7

Match each description to the appropriate term (a-d) . Answers may be used more than once.
-Sales supplies used

Accepted Answer

A)  Direct materials
B)  Selling and administrative expense
C)  Factory overhead
D)  Direct laborE) B) and D)
F) All of the above

Exam 18: Introduction to Managerial Accounting

Which of the following is an example of direct materials cost for an automobile manufacturer?

Correct Answer
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Match each description to the appropriate term (a-d) . Answers may be used more than once. -Sales supplies used

Correct Answer
verified

The controller's staff often consists of several management accountants. All of the following would most likely be on the controller's staff except

Correct Answer
verified

Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as factory overhead cost.

Correct Answer
verified

A diagram of the operating structure of an organization is called an organization chart.

Correct Answer
verified

Rent expense on a factory building would be treated as a (n)

Correct Answer
verified

A cost object indicates how costs are related or identified.

Correct Answer
verified

Exam 18: Introduction to Managerial Accounting

Which of the following is an example of direct materials cost for an automobile manufacturer?

Correct AnswerverifiedShow Answer

Match each description to the appropriate term (a-d) . Answers may be used more than once. -Sales supplies used

Correct AnswerverifiedShow Answer

The controller's staff often consists of several management accountants. All of the following would most likely be on the controller's staff except

Correct AnswerverifiedShow Answer

Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as factory overhead cost.

Correct AnswerverifiedShow Answer

A diagram of the operating structure of an organization is called an organization chart.

Correct AnswerverifiedShow Answer

Rent expense on a factory building would be treated as a (n)

Correct AnswerverifiedShow Answer

A cost object indicates how costs are related or identified.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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