Reference no: EM132675136

Problem 1: Comparing ?actual? quality ?costs? with ?planned ?quality? costs ?is?an?example?of

Option 1: Supervising

Option 2: controlling.

Option 3: checking.

Option 4: planning.

Problem 2: The cost of lubricants used to grease a production machine in a manufacturing company is an example of a(n):

Option 1: opportunity cost.

Option 2: indirect material cost.

Option 3: period cost.

Option 4: direct material cost.

Problem 3: Which of the following would most likely NOT be included as manufacturing overhead in a furniture factory?

Option 1: The amount paid to the individual who stains a chair.

Option 2: The factory utilities of the department in which production takes place.

Option 3: The workman's compensation insurance of the supervisor who oversees production.

Option 4: The cost of the glue in a chair.