Identify the following costs as (a) Direct Materials, (b) Direct Labor, or (c) F

Question

Identify the following costs as (a) Direct Materials, (b) Direct Labor, or (c) Factory Overhead for a cake manufacturer 2. 3. 4. Frosting Depreciation on oven Wages of bakers Sprinkles for topping Identify the following costs as a (a) Product Cost or (b) Period Cost for a cake factory. 1. 2. Frosting Baker's wages Advertising fees Transportation out 3. The aspects of the management process are listed below. Match each phase to the appropriate description. Planning Directing Controlling Improving Decision making a) Used by managers for continuous improvement b) Managers must decide how to respond to unfavorable performances c) Used by management to develop the organization's objectives and goals d) Monitoring the operating results of implemented plans and comparing actual results e) Managers run their day to day activities

Explanation / Answer

1 Froasting Direct material 2 Depreciation on oven Factory overheads 3 Wages of bakers Direct labor 4 Sprinkles for topping Factory overheads 1 Frosting Product cost 2 Baker wages Product cost 3 Advertising fees Period cost 4 Transportation out Period cost Planning C directing E Controlling D Improving A Decision making B

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