95.Which of the following costs is not included in factory overhead?
A. Payroll taxes on the wages of factory supervisors.
B. Indirect labor.
C. Depreciation of manufacturing equipment.
D. Manufacturing supplies used.
E. Direct materials.
96.Which of the following should not be included in direct materials costs?
A. Invoice costs of direct materials.
B. Delivery charges on shipments to customers.
C. Materials storage costs.
D. Materials handling costs.
E. Incoming freight charges.
97.Raw materials that are tangible components of the finished product and can be separately and readily traced through the manufacturing process are called:
A. Raw materials sold.
B. Chargeable materials.
C. Work in process.
D. Indirect materials.
E. Direct materials.
98.The three major cost components of manufacturing a product are:
A. Marketing, selling, and administrative costs.
B. Indirect labor, indirect materials, and fixed expenses.
C. Direct materials, direct labor, and factory overhead.
D. Product costs, period costs, and variable costs.
E. General, selling, and administrative costs.
99.Which of the following costs would not be classified as factory overhead?
A. Property taxes on maintenance machinery.
B. Insurance on factory building.
C. Wages of the factory janitor.
D. Rubber for the soles of shoes produced.
E. Small tools used in production.
100.A manufacturer's total cost of making and finishing products in the period is called:
A. Ending finished goods inventory.
B. Total manufacturing costs.
C. Ending work in process inventory.
D. Cost of goods manufactured.
E. Cost of goods sold.
101.A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's:
A. Cost of goods sold.
B. Cost of goods purchased.
C. Cost of goods available.
D. Beginning merchandise inventory.
E. Ending merchandise inventory.
102.Which one of the following items is normally not a manufacturing cost?
A. Direct materials.
B. Factory overhead.
C. General and administrative expenses.
D. Direct labor.
E. Conversion cost.
103.Which of the following is not part of the materials activity in the flow of manufacturing activities?
A. Beginning raw materials
B. Beginning work in process
C. Raw materials purchases
D. Raw materials available for use
E. Ending raw materials
104.Which of the following is not part of the production activity in the flow of manufacturing activities?
A. Beginning Work in Process Inventory
B. Cost of goods manufactured
C. Direct labor
D. Factory overhead
E. Total finished goods available for sale