Evans Manufacturing has three cost objects that it uses to accumulate costs for its manufacturing plant in Virginia.They include:
Cost Object #1: The real estate dwelling(s)(physical buildings and equipment)
Cost Object #2: The use of buildings and equipment
Cost Object #3: The use and availability of manufacturing labor
The following manufacturing overhead cost categories are found in the accounting records:
a.Depreciation on buildings and equipment
b.Machine lubricants
c.Insurance for property
d.Supervisors salaries
e.Fringe benefits
f.Property taxes
g.Utilities
Required:
Assign each of the above costs to the most appropriate cost object.
Correct Answer:
Verified
Q2: The broader definition of a cost object
Q3: The cost incurred is:
A)actual costs.
B)budgeted costs.
C)cost object.
D)cost
Q4: The cost object is:
A)the cost incurred.
B)a collection
Q5: Which of the following is correct about
Q6: The two main ways managers use cost
Q7: A BMW X6 sports activity coupe is
Q8: A _ is usually measured as the
Q9: Recall that managers use a cost system
Q10: Accountants measure the cost of direct materials
Q11: Which of the following explains why managers
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