Which of the Following Is Not a Factory Overhead Cost

question 110

Multiple Choice

Which of the following is not a factory overhead cost?

• A) materials used directly in the manufacturing process of the product
• B) insurance on factory equipment
• C) salaries of production supervisors
• D) property tax on factory building

Describe the principles of internal control, including the control of cash and the use of a voucher system.

Understand the purpose and process of maintaining and replenishing a petty cash fund.

Analyze and prepare journal entries related to petty cash transactions, including establishment, replenishment, and adjustment of the fund size.

Interpret and prepare bank reconciliations, identifying the necessary adjustments for the company’s cash account.

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Definitions:

Frequency Distribution

An overview of how often each unique value occurs in a dataset, often visualized with histograms or tables.

Score

A numerical representation of a particular measurement, such as a test result, indicating the performance, level, or achievement of an individual or group.

American Psychological Association

A professional organization representing psychologists in the United States, which sets ethical guidelines and standards for psychological research and practice.

Bar Charts

Bar charts are a type of graphical representation used to display and compare the frequency, amount, or other measure for different categories using bars.