ACCTG 322 Final Exam
Williams Company's direct labour cost is 25% of its conversion cost. If the
manufacturing overhead cost for the last period is $45,000 and the direct materials cost
is $25,000, what is the direct labour cost?
A) $15,000
B) $33,333
C) $20,000
D) $60,000
Green Company's costs for the month of August are as follows:
Direct materials used $27,000
Direct labour $34,000
Sales salaries $14,000
Indirect labour $10,000
Indirect materials $15,000
General corporate administrative costs $12,000
Property taxes on manufacturing facility $2,000
Rent on factory $17,000
The beginning work-in-process inventory is $16,000 and the ending work-in-process
inventory is $9,000. What is the cost of goods manufactured for the month?
A) $105,000
B) $132,000
C) $112,000
D) $138,000
For a lamp manufacturing company, the cost of the insurance on its vehicles that deliver
lamps to customers is best described as a:
A) Manufacturing Overhead Cost
B) Prime Cost
C) Differential Cost of a Lamp
D) Period Cost
Is costs that are not tied to or related to the production of goods
The salaries of the production supervisors would be an example of
A) Indirect labour
B) Direct labour