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PROBLEMS LO 12-1, 122, 123 connect All applicable Problems we valable in Connect. Problem 12-14 Cost...
EXERCISE 2: Gerald Manufacturing makes two different Products, M and N. The company's two departments are named after the products. Product M is made in Department M. Product N is made in Department N. Following are the annual costs and other information associated with these two products Indirect Costs Direct costs: Direct Costs: (Overhead) Dept M Dept N Salary- VP of Overall Production $180,000 $56,000 Salary- Department Supervison $76,000 Direct Materials $300,000 $420,000 Direct Labor $240,000 $680,000 Direct Utilities Cost...
Problem 2-42 Cost Terminology (LO 2-2, 2-5, 2-10) [The following information applies to the questions displayed below.] The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material $ 2,200,000 Advertising expense 98,000 Depreciation on factory building 115,000 Direct labor: wages 550,000 Cost of finished goods inventory at year-end 115,000 Indirect labor: wages 142,000 Production supervisor’s salary 47,000 Service department costs* 100,000 Direct labor: fringe benefits 117,000 Indirect labor: fringe benefits 30,000...
Problem 2-42 Cost Terminology (LO 2-2, 2-5, 2-10) [The following information applies to the questions displayed below.] The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material $ 2,200,000 Advertising expense 98,000 Depreciation on factory building 115,000 Direct labor: wages 550,000 Cost of finished goods inventory at year-end 115,000 Indirect labor: wages 142,000 Production supervisor’s salary 47,000 Service department costs* 100,000 Direct labor: fringe benefits 117,000 Indirect labor: fringe benefits 30,000...
Required information (The following information applies to the questions displayed below.) The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct materia Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for production supervisor Total overtime premiums paid Cost of idle time: production employees Administrative costs...
The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer:Direct material$2,300,000Advertising expense99,000Depreciation on factory building116,000Direct labor: wages470,000Cost of finished goods inventory at year-end115,000Indirect labor: wages141,000Production supervisor’s salary45,000Service department costs*100,000Direct labor: fringe benefits114,000Indirect labor: fringe benefits30,000Fringe benefits for production supervisor10,000Total overtime premiums paid55,000Cost of idle time: production employees§40,000Administrative costs150,000Rental of office space for sales personnel†15,000Sales commissions5,000Product promotion costs10,000*All services are provided to manufacturing departments.§Cost of idle time is an overhead item; it is not...
The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material $ 2,300,000 Advertising expense 97,000 Depreciation on factory building 115,000 Direct labor: wages 470,000 Cost of finished goods inventory at year-end 115,000 Indirect labor: wages 141,000 Production supervisor’s salary 46,000 Service department costs* 100,000 Direct labor: fringe benefits 105,000 Indirect labor: fringe benefits 32,000 Fringe benefits for production supervisor 10,000 Total overtime premiums paid 55,000 Cost of idle time: production employees§...
Required information [The following information applies to the questions displayed below.] The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material $ 2,300,000 Advertising expense 99,000 Depreciation on factory building 115,000 Direct labor: wages 540,000 Cost of finished goods inventory at year-end 115,000 Indirect labor: wages 142,000 Production supervisor’s salary 46,000 Service department costs* 100,000 Direct labor: fringe benefits 97,000 Indirect labor: fringe benefits 30,000 Fringe benefits for production supervisor 10,000...
connect ACCOUNTING Ch 1 Required Assignment value: 1.25 points Problem 1-114 LO 1-4] uail Company builds snowboards. Quail Company has reported the following costs for the previous Cost of fiberglass (raw material) Factory rent Advertising Utilities for factory Wages of assembly workers Production supervisor salary Sales manager salary Factory property taxes Depreciation on production equipment Cost of bindings (raw material) Screws Wages of snowboard painters Wages for maintenance workers $ 88,000 $ 42,000 $139,000 19,000 $ 99,000 $ 42,000 S...
ACCT 2301 Cost Allocation Handout #16 Os company has two production departments in its manufacturing acilities. Home Tools specializes in hond tools for individual home users, and ofessional Tools makes sophisticated tools for professional maintenance Otto's accountant has identified the following annual costs associated with these two products: Facile Salary of vice president of production Salary d e cheme tools Salary Re s to Direct materials cost home tools Direct materials colossional tools Direct labor cosm os Direct labores professionals...
I continue to get $309,000 for period costs but that isn't correct. the only cost i know that us right is the total prime cost. The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor! wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for...