Question & Answer: Ajax Company accumulated the following account information for the year: Using the above information, total factory overhea…..

CH18 Quiz-Di Seat No.: Student Name: 6. Ajax Company accumulated the following account information for the year: Student ID: Beginning raw materials inventory$6,000 . 2,000 5,000 Maintenance of factory equipment..2,800 7,000 Indirect labor cost Direct labor cost Using the above information, total factory overhead costs would be: A. $9,800. B. $16,800. C. $15,800. D. $13,000. 7. Which of the following statements is True regarding product and period costs? A. Office salaries expense is a product cost and factory maintenance is a period cost. B. Office rent is a product cost and supervisors salaries expense is a period cost. C. Factory rent is a product cost and advertising expense is a period cost. D. Delivery expense is a product cost and indirect materials is a period cost. A companys prime costs total $4,500,000 and its conversion costs total $5,000,000. If direct materials are $2,000,000, calculate the overhead costs: A.$2,500,000. B. S3,500,000. C. $2,500,000. 8. D. $3,000,000. Using the information below for Talking Toys, Inc., determine the manufacturing costs incurred during the year: 9. $12,500 50,000 Goods in process, January 1. Goods in process, December 3...37,000 Total Factory overhead.5,500 26,500

Ajax Company accumulated the following account information for the year: Using the above information, total factory overhead costs would be: A. $9,800. B. $16,800. C. $15,800. D. $13,000. Which of the following statements is True regarding product and period costs? A. Office salaries expense is a product cost and factory maintenance is a period cost. B. Office rent is a product cost and supervisors’ salaries expense is a period cost. C. Factory rent is a product cost and advertising expense is a period cost. D. Delivery expense is a product cost and indirect materials is a period cost. A company’s prime costs total $4,500,000 and its conversion costs total $5,000,000. If direct materials are $2,000,000, calculate the overhead costs: A.$2,500,000. B. $3,500,000. C. $2,500,000. D. $3,000,000. Using the information below for Talking Toys, Inc., determine the manufacturing costs incurred during the year:

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