ACCT 344 DeVry Complete Quiz Package

ACCT 344 DeVry Complete Quiz Package ACCT 344 DeVry Week 1 Quiz 1. Question: (TCO 2) Which cost assignment method would likely assign the cost of heating in a plant that makes beds and dressers when the bed product line is the cost object? 2. Question: (TCO 2) Which cost is an example of product costs? 3. Question: (TCO 2) Period costs do not include 4. Question: (TCO 2) Based on the following information, which are the conversion costs? Beginning work-in-process inventory $160,000 Ending work-in-process inventory $180,000 Cost of goods manufactured $500,000 Direct materials used $130,000 5. Question: (TCO 2) Based on the following information, which are the prime costs for the year? Cost of goods manufactured $380,000 Beginning work-in-process inventory $140,000 Ending work-in-process inventory $120,000 Manufacturing overhead $70,000