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Which one of the following is an example of a period cost? a) A change in benefits for the union workers who work in the New York plant of a Fortune 1000 manufacturer b) Workers' compensation insurance on factory workers' wages allocated to the factory c) A box cost associated with computers d) A manager's salary for work that is done in the corporate head office 7. How does a manufacturing company report cost of goods manufactured? a) As a current asset on the balance sheet b) As a component of the raw materials inventory on the balance sheet c) As a component in the calculation of cost of goods sold on the income statement d) As an administrative expense on the income statement 8. Which of the following is not classified as direct labor? a. Bottlers of beer in a brewery b. Copy machine operators at a copy shop Wages of supervisors Bakers in a bakery 9. Which of the following would be accounted for using a job order cost system? a. The production of personal computers. b. The production of automobiles. c. The refining of petroleum. d. The construction of a new campus building. 10. Which of the following is an important feature of a job order cost system? a) Each job must be completed before a new product order can be accepted. b) Each job consists of features which distinguish it from the next order. c) Each job uses multiple work-in-process accounts. Each job accumulates costs on a production cost report. tom is most appropriate when different types of materials

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