If the buyer is to pay the freight costs of delivering merchandise, delivery terms are stated as
- A) FOB shipping point
- B) FOB destination
- C) FOB n/30
- D) FOB buyer
Which one of the following is an example of a period cost Options A) A change in benefits for the union workers who work in the New York plant of a Fortune 1000 manufacturer B) Workers’ compensation insurance on factory workers’ wages allocated to the factory C) A box cost associated with computers … Read more
A) The direct labor costs assigned to the job.
B) The name of the customer.
C) The costs incurred by the marketing department in selling the job.
D) The overhead costs assigned to the job.
E) The direct materials costs assigned to the job.
d. asset’s cost less accumulated depreciation.
A) Cost of Goods Sold.
B) Manufacturing Overhead Control.
C) Finished Goods.
D) Work in Process.
A) provide information about the investing and financing activities during a period.
B) prove that revenues exceed expenses if there is a net income.
C) provide information about the cash receipts and cash payments during a period.
D) facilitate banking relationships.
The balance in the accumulated depreciation account represents the Options A) cash fund to be used to replace plant assets. B) amount to be deducted from the cost of the plant asset to arrive at its fair market value. C) amount charged to expense in the current period. D) amount charged to expense … Read more
A) historical cost.
B) book value.
C) present value.
D) current (market) value.