ACCT 344 DeVry Week 8 Final Exam
Page 1
Question 1.1 (TCO 2) Which cost is NOT a period cost? (Points : 5)
Question 2.2. (TCO 2) Which product would use job-order costing? (Points : 5)
Question 3.3. (TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5)
Question 4.4. (TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5)
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ACCT 344 DeVry Week 8 Final Exam
Page 1
Question 1.1 (TCO 2) Which cost is NOT a period cost? (Points : 5)
Question 2.2. (TCO 2) Which product would use job-order costing? (Points : 5)
Question 3.3. (TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5)
Question 4.4. (TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5)