Chapter 1
T or F: A direct cost can be easily and conveniently traced to a specific cost object
True
T or F: A regional sales manager's salary would be a direct cost of the regional office in which the sales manager works
True
Include all costs associated with the general management of an organization rather than with manufacturing or selling
administrative costs
A dress manufacturer would consider the cost of relatively inexpensive items like thread to be part of ______. a. administrative costs b. indirect materials c. manufacturing overhead d. direct materials
b & c
indirect labor costs include: a. administrative assistant salary b. factory security guard wages c. assembly-line supervisor salary d. assembly-line worker wages
b & c
a cost that CAN be easily and conveniently traced to a specific cost object in....
direct cost
in an automobile manufacturing plant, the assembly-line workers are classified as _____ _____ cost
direct labor
examples of administrative costs
executive compensation, general accounting, and secretarial
salaries of factory supervisors and factory maintenance personnel are examples of ______ labor costs
indirect
An individual cost may be ______ to one cost object and ______ direct to another
indirect direct
a cost that CANNOT be easily and conveniently traced to a specific cost object in....
indirect cost
Indirect materials and indirect labor are classified as _______
manufacturing overhead
Inventoriable cost is another term for....
product cost