An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as _________?

Related Mcqs:

1. The conversion cost is $2000 and the manufacturing overhead cost is $7000, then the direct manufacturing labor cost will be _________?

   A. $27,000
   B. $13,000
   C. $130,000
   D. $29,500

2. If the manufacturing cycle efficiency is 0.725 and the total manufacturing time is 45 minute, then the value added manufacturing time will be _________?

   A. 42.625
   B. 36.724
   C. 32.625
   D. 41.625

3. If the value added manufacturing time is 65 minutes, the total manufacturing time is 80 minutes, then the manufacturing cycle time will be _________?

   A. 0.8125
   B. 0.6125
   C. 0.9125
   D. 1.725

4. If the direct material cost is $85000 and direct manufacturing labor is $25000, then prime cost would be _________?

   A. $13,500
   B. $55,600
   C. $60,000
   D. $110,000

5. The direct manufacturing labor costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be ____________?

   A. $47,000
   B. $33,000
   C. $57,000
   D. $18,000

6. The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?

   A. bill of materials
   B. bill of sequence
   C. bill of detail
   D. bill of raw materials

7. The budgeted fixed manufacturing cost is divided by budgeted fixed manufacturing cost per unit to calculate : __________?

   A. fixed material price
   B. variable materials price
   C. fixed production units
   D. budgeted production units

8. The fixed budgeted manufacturing cost is $45000 and the budgeted production units are 900, then budgeted fixed manufacturing cost per unit will be ____________?

   A. $200
   B. $150
   C. $50
   D. $100

9. If the fixed budgeted manufacturing cost is $35000 and the budgeted production units are 7000, then budgeted fixed manufacturing cost per unit will be ___________?

   A. $20
   B. $5
   C. $10
   D. $15

10. If the budgeted annual manufacturing indirect cost is $2250000 and the cost allocation base is 2800 labor hour, then budgeted manufacturing overhead rate will be ___________?

    A. $803.571 per labor hour
    B. $805 per labor hour
    C. $905 per labor hour
    D. $802 per labor hour