1. Proprty taxes on na manufacturing plant are an element of a
Product cost period cost
1. yes no
2. yes yes
3. no yes
4. no no
2. The entry to record the acquistion of raw materials on account is
a, Works in process inventory, accoutns payable
b. manufacturing overhead, raw materials inventory, accounts payable
c. accoutns payable, raw materials inventory
d. raw matierals inventory, accounts payable
3.Many companies now manufacture products that are untouched by human hands. What do they use to acheive this ?
a, activity based costing
b.computer integrated manufacturing
c.enterprise resourcing planning systems
d.total quality management systems
4. Which one of the following costs would not be inventoriable?
a. period costs
b.factory insurance costs
c.indirect materials
d.indirect labor costs