What are Robin's conversion costs?
A) $59,170
B) $33,720
C) $46,800
D) $40,750
98) Robin Company reported the following costs for the current month:
| Direct materials used | $ 24,000 |
| Direct labor | 36,800 |
| Sales salaries | 19,200 |
| Indirect labor | 4,800 |
| Production manager's salary | 9,600 |
| Marketing costs | 14,400 |
| Factory lease | 6,400 |
A) $70,400
B) $60,800
C) $91,200
D) $57,600
99) GAAP reporting rules require that all manufacturing costs be treated as:
A) period costs.
B) product costs.
C) value-added costs.
D) relevant costs.
100) Product costs are sometimes called:
A) relevant costs.
B) sunk costs.
C) differential costs.
D) inventoriable costs.
101) Which of the following is true about product and period costs?
A) Product costs are usually manufacturing costs, and period costs are usually nonmanufacturing costs.
B) Product costs are usually nonmanufacturing costs, and period costs are usually manufacturing costs.
C) Both product and period costs are usually manufacturing costs.
D) Both product and period costs are usually nonmanufacturing costs.
102) Product costs are:
A) expensed on the income statement when incurred.
B) treated as an asset and depreciated.
C) inventoried until the units are sold.
D) considered current liabilities until paid.
103) When are period costs counted as inventory?