All of the following would be classified as manufacturing overhead except the:

 

                                             

2

 

All of the following would be classified as product costs except:

                                             

3

 

Within the relevant range:

                                             

4

 

An analysis of a particular cost incurred in a factory revealed that the cost is averages $0.40 per machine-hour at an activity level of 20,000 machine hours and increases to an average of $0.50 per machine hour at an activity level of 16,000 machine hours. Assuming that this activity is within the relevant range, what is the total expected cost if the activity level is 17,300 machine hours?

                                             

5

 

Given the cost formula Y = $30,000 + $5X, total cost at an activity level of 16,000 units would be:

                                             

6

 

The Sante Company incurred $40,000 to ship 19,000 pounds and $34,000 to ship 16,000 pounds. If the company ships 18,000 pounds, its expected shipping expense is closest to:

                                             

7

 

The following information was summarized from the records of the Muentes Company for the first quarter of the year:

 

The company’s gross margin for the quarter was:

                                             

8

 

The following information was summarized from the records of the Muentes Company for the first quarter of the year:

 

The company’s contribution margin for the quarter was:

                                             

9

 

Which one of the following costs would not be considered an indirect cost of serving a particular customer at a delicatessen?

                                             

10

 

An opportunity cost is: