Reference no: EM132787439

Problem 1: Manufacturing overhead:

A. can be either a variable cost or a fixed cost.

B. includes the costs of shipping finished goods to customers.

C. includes all factory labor costs.

D. includes all fixed costs.

Problem 2: The three basic elements of manufacturing cost are direct materials, direct labor, and:

A. cost of goods manufactured.

B. cost of goods sold.

C. work in process.

D. manufacturing overhead.

Problem 3: Prime cost consists of direct materials combined with:

A. direct labor.

B. manufacturing overhead.

C. indirect materials.

D. cost of goods manufactured.