When deciding to buy a new computer, all of the following should be considered except for the software that comes with the new c cost of the old computer, warranty on the new computer, cost of the new computer

1. When deciding to buy a new computer, all of the following should be considered except for the
   software that comes with the new c
   cost of the old computer,
   warranty on the new computer,
   cost of the new computer.

cost of the old computer,

2. Inventoriable product costs for a manufactured product include
   the costs of direct materials and direct labor only.
   the costs of direct materials, direct labor and manufacturing overhead.
   marketing and research and development costs.
   none of the above.

the costs of direct materials, direct labor and manufacturing overhead.

3. Country Furniture Company manufactures furniture at its Akron. Ohio, factory. Some of its costs from the past year include:
   Depreciation on sales office $ 9,000
   Depreciation on factory equipment 16,000
   Factory supervisor salary 50,500
   Sales commissions 23,000
   Lubricants used in factory equipment 3,000
   Insurance costs for factory 21,000
   Wages paid to maintenance workers 115,000
   Fabric used to upholster furniture 10.000
   Freight - in (on raw materials) 3,000
   Costs of delivery to customers 9,000
   Wages paid to assembly - line workers 155,500
   Lumber used to build product 82,000
   Utilities in factory 54,500
   Utilities in sales office 26,500
   Direct labor costs for Country Furniture Company totaled
   $321,000.
   $115,000.
   $155,500.
   $344,000.

$155,500.

4. For which of the following do we prepare calculations for equivalent units?
   Neither direct materials nor conversion costs
   Both direct materials and conversion costs
   Both direct labor and manufacturing overhead
   Both direct labor and direct materials

Both direct materials and conversion costs

5. When manufacturing products, direct labor and direct materials are classified as
   period costs and expensed when incurred,
   product costs and expensed when incurred,
   period costs and expensed when the goods are sold,
   product costs and expensed when the goods are sold.

product costs and expensed when the goods are sold.

6. Manufacturers consider selling and aotoinistrative costs to be
   conversion costs,
   inventoriable costs,
   prime costs,
   period costs.

period costs.

7. Testing ways to increase the strength of your product would be classified as which part of the value chain?
   Production
   Distribution
   Research and development
   Design

Research and development

8. The benefits of using the ABC costing system are higher if the company
   has high indirect costs,
   produces only one product.
   has high indirect costs and produces many different products that use differing amounts of resources,
   produces many different products that use differing amounts of resources.

has high indirect costs and produces many different products that use differing amounts of resources

9. Jasper Carts manufactures custom carts for a variety of uses. The following data have been recorded for Job 651, which was recently completed. Direct materials used cost $7,200. There were 175 direct labor
   hours worked on this job at a direct labor wage rate of $22 per hour. There were 82 machine hours used on this job. The predetermined overhead rate is $30 per machine hour used.
   What is the total manufacturing cost of Job 651?
   $7,457
   $2,460
   $3,850
   $13,510

$13,510

10. Which of the following does ABC take into account?
    The extent to which the manufacturing activities are used by the product
    The types of manufacturing activities used by the product
    Both A and B
    Neither A nor B

Both A and B