Question 1.0 Name the three broad categories of manufacturing costs: (3 pts)

Cost 1:_____________________________________________

Cost 2:_____________________________________________

Cost 3:_____________________________________________

2.0 Which of the following is not a non-manufacturing cost: (1 pt.)

a General and administrative costs

b. Advertising costs

c. Janitor wages (Manufacturing Overhead)

d. Human Resource administration

e. Depreciation

3.0 Classify the following costs – fixed (F) or variable (V): (10 pts.)

a. Wages paid to temporary workers F or V

b. Property taxes on factory building F or V

c. Property taxes on the administration building F or V

d. Sales commission F or V

e. Electricity for machinery and equipment in the plant F or V

f. Natural gas and electricity for the administrative office F or V

g. Salaries paid to design engineers F or V

h. Regular maintenance on machinery and equipment F or V

i. Factory property and casualty insurance F or V

h. Shipping attributable to delivery of product F or V

4.0 The cost of producing a unit appears on financial

statements as soon as the final product is manufactured. (1 pt) T or F

5.0 A steel fabricator constructing an addition to the

manufacturing plant is viewed as direct labor. (1pt) T or F

6.0 The break-even point is where total sales equals the total costs. T or F

(1pt)

7.0 The cost-of-goods-sold budget is equal to the production budget. T or F

(1pt)

8.0 The following graphs represent what types of cost behaviors: (2 pts.)

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