Which of the following correctly describes the accounting for factory depreciation?
A) Factory depreciation is a product cost and is expensed as incurred.
B) Factory depreciation is a period cost and is expensed as incurred.
C) Factory depreciation is a product cost and is expensed when the manufactured product is sold.
D) Factory depreciation is a period cost and is expensed when the manufactured product is sold.
C
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Suppose the Federal Reserve is considering the applications of four different banks to merge with other banks. Given the level of the new HHI and the change in the HHI shown below, in which case could the Fed challenge the merger?
A. New HHI = 1,900; change in HHI = 150 B. New HHI = 1,500; change in HHI = 400 C. New HHI = 1,200; change in HHI = 700 D. New HHI = 1,850; change in HHI = 250
A company would repurchase its own stock for all of the following reasons except
a. it needs the stock for employee bonuses. b. it wishes to make an investment in its own stock. c. it wishes to prevent unwanted takeover attempts. d. it wishes to improve the company's financial ratios.
Information provided by a job order costing system will assist management decision making in all but which of the following ways?
a. Management can do a better job in controlling costs both for an entire department or a specific job. b. Management is made aware of significant variances more quickly. c. Knowing the cost of a particular job allows management to better estimate the cost of future jobs. d. All of the above statements are correct.
The model is entered in Excel and the sensitivity report reveals that all of the constraints' Lagrange multipliers are zero. The impact for Zevon is:
A) The profit for this scenario cannot be maximized. B) Not all of the lawyers they have available will be used. C) The demand for service X1 exceeds Zevon's ability to supply it. D) The profit generated by service X1 is not a function of demand for X1.