ACC 256 Final   Which of the following costs is not part of overhead costs? Salary for supervisor Salary for factory forklift operator Lubrication Sales commissions The following information was given about Flag's costs for March: Salaries for line workers $27,000 Cost of fabric $2,100 Power for machines $900 Manager's salary $8,600 Supervisor's salary $6,300 Sales commissions $5,300 How much is Direct Labor? $27,000 $35,600 $47,200 $41,900 Which of the following costs is not a period cost? Shipping costs of finished goods Sales commissions Administrative salaries Advertising Indirect materials All of the following are product costs for financial reporting except: Advertising Indirect materials Rent on factory space Direct labor You are provided the following information: Salaries for assembly workers $22,000 Cost of materials $1,600 Lubricants for machines $650 Manager's salary $7,600 Supervisor's salary $5,800 Sales commissions $4,800 Determine the amount of period cost

1. Which of the following costs is not part of overhead costs?
   Salary for supervisor
   Salary for factory forklift operator
   Lubrication
   Sales commissions

Sales commissions

2. The following information was given about Flag's costs for March:
   
   
   Salaries for line workers $27,000
   Cost of fabric $2,100
   Power for machines $900
   Manager's salary $8,600
   Supervisor's salary $6,300
   Sales commissions $5,300
   
   How much is Direct Labor?
   $27,000
   $35,600
   $47,200
   $41,900

$27,000

3. Which of the following costs is not a period cost?
   Shipping costs of finished goods
   Sales commissions
   Administrative salaries
   Advertising
   Indirect materials

Indirect materials

4. All of the following are product costs for financial reporting except:
   Advertising
   Indirect materials
   Rent on factory space
   Direct labor

Advertising

5. You are provided the following information:
   
   
   Salaries for assembly workers $22,000
   Cost of materials $1,600
   Lubricants for machines $650
   Manager's salary $7,600
   Supervisor's salary $5,800
   Sales commissions $4,800
   
   Determine the amount of period cost.
   $18,200
   $29,600
   $12,400
   $22,000

$12,400

6. If the activity level increases, one would expect the fixed cost per unit to...

decrease

7. If the activity level drops by 5%, variable costs should...

drop in total by 5%

8. A company's cost formula for maintenance is Y = $6,400 + $4X, where X is machine-hours. During a period in which 3,200 machine-hours are worked, the expected maintenance cost would be...

$19,200

9. In March, Espresso Express had electrical costs of $667.00 when the total volume was 4,690 cups of coffee served. In April, electrical costs were $711.00 for 5,130 cups of coffee. Using the high-low method, what is the estimated fixed cost of electricity per month?

$198.00

10. Last year, Barker Company's sales were $256,000, its fixed costs were $58,000, and its variable costs were $2 per unit. During the year, 81,600 units were sold. The contribution margin was...

$92,800