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  2. Business
  3. Fundamental Accounting Principles Study Set 5
  4. Quiz 18: Managerial Accounting Concepts and Principles

Which of the Following Costs Would Not Be Classified as Factory

Question 99
Multiple Choice

Which of the following costs would not be classified as factory overhead? A) Property taxes on maintenance machinery. B) Expired insurance on factory equipment. C) Wages of the factory janitor. D) Metal doorknobs used on wood cabinets produced. E) Small tools used in production.

Related questions
Q 100
The total cost of goods completed during the accounting period for a manufacturer is called: A) Ending finished goods inventory. B) Total manufacturing costs. C) Ending goods in process inventory. D) Cost of goods manufactured. E) Cost of goods sold.
Q 101
A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: A) Cost of goods sold. B) Cost of goods purchased. C) Cost of goods available. D) Beginning merchandise inventory. E) Ending merchandise inventory.
Q 102
Which one of the following items is normally not a manufacturing cost? A) Direct materials. B) Factory overhead. C) General and administrative expenses. D) Direct labor. E) Conversion cost.
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