When Managerial Accountants Assign Costs to the Production of Specific

question 16

Multiple Choice

When managerial accountants assign costs to the production of specific products, which of the following costs are easiest to assign?

• A) insurance premiums and depreciation expenses
• B) property taxes and income taxes
• C) direct labour and direct materials costs
• D) general maintenance expenses and direct labour

Recognize the factors that influence income distribution within an economy.

Understand the components included in the factor of production, capital.

Comprehend how changes in wealth and wages affect labor supply curves.

Identify factors that do not shift the labor supply curve.

---

Definitions:

Rent Revenue

Money received for rent.

Purchases Discounts

Reductions in price given by suppliers to businesses when they buy goods or services, often provided for early payment.

Freight In

The cost associated with the transportation of goods or materials into a business, typically considered part of the cost of goods sold.

Gross Profit

The difference between revenue and the cost of goods sold before accounting for certain other costs.