Is factory rent included in manufacturing overhead

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Reference no: EM132667101

True or False

Question 1. Factory rent is included in manufacturing overhead, but office rent is a period cost

Question 2. Factory supervision, telephone, heat, light, and power are all example of indirect manufacturing overhead costs.

Question 3. Another name for assignable product costs is inventoriable costs.

Question 4. The income statement of a manufacturing firm has a cost of goods manufactured and not a cost of goods sold.

Question 5. The relevant range is where a fixed cost remains constant

Question 6. Period costs are often called inventoriable costs.

Question 7. Variable costs per unit are affected by changes in activity

Question 8. A decrease in production will result in an increase in fixed production cost per unit

Question 9. A P50, 000 grinding machine purchased last year is a sunk cost even if not been paid for.

Question 10. If used to manufacture tables, all of the following would be indirect costs: electricity, glue, bolts, and wood for legs.

Reference no: EM132667101

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