Homework Answers
A period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets. A period cost is more closely associated with the passage of time than with a transactional event.
Hence, Option E) Both A and D are period costs
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- Which of the following is a period cost: A. monthly salaries of production supervisors ($6.000)...
Walsh Corporation's relevant range of activity is 2.000 to 6.000 units. When it produces and sells...
Walsh Corporation's relevant range of activity is 2.000 to 6.000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Direct materials $6.41 Direct labor $3.02 Variable manufacturing overhead $1.16 Fived manufacturing overhead $2.54 Fored selling expense $0.54 Fixed administrative expense $0.26 Sales commissions $2.08 1f 4,000 are produced, the total amount of direct manufacturing costs incurred is closest to: Select one Oa. $37,720 Ob. 542,360 Oc. $50,040 Od. 547,880 Walsh Corporation manufactures and...
Can I recieve help on this problem? Coronado, Inc., manufactures clamps used in the overhead bin...
Can I recieve help on this problem?
Coronado, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models. Richard Miller, president of Coronado, Inc., has gathered the following cost information from the company's accounting records for the latest month of operations. Advertising Fire insurance premium for the factory building Sales office utilities Air filters for the buffing machines used to produce the clamps Aluminum used to produce the clamps Rent on the factory building Freight to...
Identify each of the following costs as either a product cost or a period cost. Period...
Identify each of the following costs as either a product cost or a period cost. Period cost 1. Production manager's salary 2. Administrative expenses 3. Income tax expense 4. Office supplies used 5. Accident insurance-Factory workers 6. Factory utilities 7. Factory maintenance 8. Sales commissions Period cost Product cost Product cost (Product cost Period cost Identify each of the following costs as either direct materials, direct labor, or factory overhead. The company manufactures ten Direct labor 1. Wages paid to...
Complete the total amounts for each column. Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period...
Complete the total amounts for each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Complete the total amounts of each column. Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period...
Complete the total amounts of each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Pictures are for part A. Part b asks to compute the cost of producing one helmet...
Pictures are for part A. Part b asks to compute the cost of
producing one helmet
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is wel ccepted by at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $12,100 Insurance on factory building 2,500 Raw materials (plastics, polystyrene, etc.) 77,700 Utility costs for factory 1,000 Supplies for general office 400...
Problem 14-01A Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is...
Problem 14-01A Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line workers Depreciation on...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. $11,700 Rent on factory equipment Insurance on factory building 2,100 Raw materials (plastics, polystyrene, etc.) 80,100 Utility costs for factory 1,000 Supplies for general office 400 Wages for assembly line...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10.000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $11.800 2,100 Insurance on factory building 84,100 Raw materials (plastics.polystyrene, etc.) Utility costs for factory Supplies for general office 1,000 Wages for assembly line workers Depreciation...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. $11,100 2,500 77,400 900 400 Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line...
Walsh Corporation's relevant range of activity is 2.000 to 6.000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Direct materials $6.41 Direct labor $3.02 Variable manufacturing overhead $1.16 Fived manufacturing overhead $2.54 Fored selling expense $0.54 Fixed administrative expense $0.26 Sales commissions $2.08 1f 4,000 are produced, the total amount of direct manufacturing costs incurred is closest to: Select one Oa. $37,720 Ob. 542,360 Oc. $50,040 Od. 547,880 Walsh Corporation manufactures and...
Can I recieve help on this problem?
Coronado, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models. Richard Miller, president of Coronado, Inc., has gathered the following cost information from the company's accounting records for the latest month of operations. Advertising Fire insurance premium for the factory building Sales office utilities Air filters for the buffing machines used to produce the clamps Aluminum used to produce the clamps Rent on the factory building Freight to...
Identify each of the following costs as either a product cost or a period cost. Period cost 1. Production manager's salary 2. Administrative expenses 3. Income tax expense 4. Office supplies used 5. Accident insurance-Factory workers 6. Factory utilities 7. Factory maintenance 8. Sales commissions Period cost Product cost Product cost (Product cost Period cost Identify each of the following costs as either direct materials, direct labor, or factory overhead. The company manufactures ten Direct labor 1. Wages paid to...
Complete the total amounts for each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Complete the total amounts of each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Pictures are for part A. Part b asks to compute the cost of
producing one helmet
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is wel ccepted by at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $12,100 Insurance on factory building 2,500 Raw materials (plastics, polystyrene, etc.) 77,700 Utility costs for factory 1,000 Supplies for general office 400...
Problem 14-01A Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line workers Depreciation on...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. $11,700 Rent on factory equipment Insurance on factory building 2,100 Raw materials (plastics, polystyrene, etc.) 80,100 Utility costs for factory 1,000 Supplies for general office 400 Wages for assembly line...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10.000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $11.800 2,100 Insurance on factory building 84,100 Raw materials (plastics.polystyrene, etc.) Utility costs for factory Supplies for general office 1,000 Wages for assembly line workers Depreciation...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. $11,100 2,500 77,400 900 400 Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line...
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