In throughput costing, the variable manufacturing overhead and direct manufacturing labor cost must be treated as ___________?

Related Mcqs:

1. If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be _____________?

   A. $4,730,000
   B. $3,730,000
   C. $2,730,000
   D. $1,730,000

2. If the budgeted direct labor hours are 3550 and direct labor cost rate is $500 per labor hour, then total direct labor cost would be __________?

   A. $1,775,000
   B. $1,675,000
   C. $1,875,000
   D. $1,975,000

3. If the budgeted total direct labor hours are 3800 and budgeted direct labor cost is $480000, then the budgeted direct labor cost rate will be ___________?

   A. $126.32 per labor hour
   B. $128.32 per labor hour
   C. $130 per labor hour
   D. $132 per labor hour

4. If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is _________?

   A. $138 per labor hour
   B. $137.27 per hour
   C. $140 per labor hour
   D. $142 per labor hour

5. 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

6. 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

7. The direct manufacturing labor costs is added into manufacturing overhead cost to calculate ___________?

   A. transaction costs
   B. conversion costs
   C. resale costs
   D. merchandise costs

8. 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

9. In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?

   A. distinction
   B. similarities
   C. increase in units
   D. decrease in units

10. The costing method, in which the variable manufacturing costs are treated as inventoriable cost is called ___________?

    A. manufacturing costing
    B. absorption costing
    C. variable costing
    D. labor costing