The cost of a manufactured product generally consists of which of the following Costs?

 a. Direct materials cost and factory overhead cost

b. Direct labor cost and factory overhead costs

c. Direct labor costs, direct materials cost, and factory overhead cost.

d. Direct materials cost and direct labor cost

Which of the following is an example of a factory overhead cost?

a. Repair and maintenance cost on the administrative building

b. Factory heating and lighting cost

c. Insurance premiums on salespersons' automobiles

d. President's salary

Which of the following is an example of direct labor cost for an airplane manufacturer?

a.cost of lubricants for factory machinery

b.cost of wages of assembly worker

c.salary of plant supervisor

d.cost of jet engines

Which of the following is expensed as incurred in a manufacturing setting?

a. Sales commissions

 b. Depreciation of factory buildings

c. Factory supervisor’s salary

 d. Direct materials used

What is the purpose of the Statement of Cost of Goods Manufactured?

a. to determine the ending materials inventory

b. to determine the ending work in process inventory

c. to determine the amounts transferred to finished goods

 d. all of the answers are true