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    Direct and Indirect costs

    Q1: The distinction between indirect and direct costs depends on:

    a. whether a cost differs between alternatives.
    b. whether a cost is variable or fixed.
    c. whether a cost is a product or a period cost.
    d. whether a cost can be easily traced to the cost object under consideration.

    Q2. Which of the following would usually be found on a job cost sheet under a normal cost system?

    a) Item A
    b) Item B
    c) Item C
    d) Item D

    Q3: What source document is used to determine the actual amount of direct materials to record on a job cost sheet?

    A)bill of materials
    B)production order
    C)materials purchase order
    D)materials requisition form
    Q4 : The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $15 per labor-hour. The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour. The total cost for the job on its job cost sheet would be:
    a)$4,332
    b)$3,734
    c)$3,072
    d)$5,086

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