Increase in sales and production volume

8. The salary of the vice-president of finance would be classified as which of the following?
A) manufacturing overhead
B) selling and administrative costs
C) direct materials
D) direct labor

9. Which of the following is a period cost?
A) direct labor
B) property taxes on the office building
C) property taxes on the production facilities
D) the production supervisor’s salary

10. An UNEXPECTED increase in sales and production volume will (most likely) result in:
A) an indeterminate impact on overhead
B) underapplied overhead
C) overapplied overhead
D) have no effect on applied overhead

11. Figure 2-2
Cost of goods manufactured
$470,000
Beginning work in process
60,000
Beginning finished goods inventory
105,000
Direct materials
75,000
Direct labor
160,000
Manufacturing overhead
215,000
Cost of goods sold
445,000
Refer to Figure 2-2. The cost of ending work in process would be
A) $45,000
B) $130,000
C) $40,000
D) $105,000

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