14.Manufacturing costs are typically classified as:
Question 14 options:
direct materials or direct labor.
direct materials, direct labor, or manufacturing overhead.
direct materials, direct labor, or selling and administrative.
product costs or period costs.
13.One cost which is part of both manufacturing overhead and total manufacturing costs is:
Question 13 options:
factory utilities.
direct labor.
selling and administrative costs.
direct materials.
12.One major purpose of the statement of cash flows is to provide information about:
Question 12 options:
changes in retained earnings.
the firm\'s cash receipts and payments during a period.
the firm\'s profitability.
the firm\'s resources and claims against those resources.
11.A transaction involving a loss on the disposal of equipment with the indirect method of presentation affects cash provided (used) by:
Question 11 options:
financing activities and investing activities.
operations and investing activities.
operations, financing activities, and investing activities.
operations and financing activities.
10.In the statement of cash flows, the activities that affect cash flows are listed in the following order:
Question 10 options:
operating, financing, investing.
investing, financing, operating.
financing, operating, investing.
operating, investing, financing.
Solution
Q14 - direct materials, direct labor, or manufacturing overhead. Q13 factory utilities Q12 the firm\'s cash receipts and payments during a period. Q11 operations and investing activities. Q10 operating, investing, financing.
.
Web & Social Media Analytics Previous Year Question Paper.pdf
14-Manufacturing costs are typically classified as- Question 14 option.docx
1. 14.Manufacturing costs are typically classified as:
Question 14 options:
direct materials or direct labor.
direct materials, direct labor, or manufacturing overhead.
direct materials, direct labor, or selling and administrative.
product costs or period costs.
13.One cost which is part of both manufacturing overhead and total manufacturing costs is:
Question 13 options:
factory utilities.
direct labor.
selling and administrative costs.
direct materials.
12.One major purpose of the statement of cash flows is to provide information about:
Question 12 options:
changes in retained earnings.
the firm's cash receipts and payments during a period.
the firm's profitability.
the firm's resources and claims against those resources.
11.A transaction involving a loss on the disposal of equipment with the indirect method of
presentation affects cash provided (used) by:
Question 11 options:
financing activities and investing activities.
operations and investing activities.
operations, financing activities, and investing activities.
operations and financing activities.
2. 10.In the statement of cash flows, the activities that affect cash flows are listed in the following
order:
Question 10 options:
operating, financing, investing.
investing, financing, operating.
financing, operating, investing.
operating, investing, financing.
Solution
Q14 - direct materials, direct labor, or manufacturing overhead. Q13 factory utilities Q12 the
firm's cash receipts and payments during a period. Q11 operations and investing activities. Q10
operating, investing, financing.
