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D. $0.40 Example 45: Classify each of the following as either period or product. If a...
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...
2. Saldly UI CICILIUM Instructions Classify each cost as either a product cost or a period...
2. Saldly UI CICILIUM Instructions Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Use the following tabular headings for your answer, placing an "X" in the appropriate column: Product Costs Period Costs Direct Direct Factory Materials Labor Overhead Selling Administrative Cast Cost Cost Cost...
Help sort each expense item into period or product (Direct material, direct labor, or manufacturing overhead)...
Help sort each expense item into period or product (Direct
material, direct labor, or manufacturing overhead)
EXHIBIT 1-A: Classify costs as Period or Product (DM, DL or MOH) T.。.TES. Estimated Revenues and Expenses Year IDENTIFY TYPE OF COST (put at X in the correct column) Activity level based on sales forecast (totes) 600,000 Projected Period Product Costs Amount Account Cost DM DL MOH Sales Revenues Totes 072,000 Expenses 3,600 150,000 Administrative Office Supplies Administrative Staff, e.g. accountant, receptionist Administrative Payroll...
Part B- -Classification Classify each of the items below as: C--Factory Overhead D--Selling and Administrative expense...
Part B- -Classification Classify each of the items below as: C--Factory Overhead D--Selling and Administrative expense A- -Direct materials B -Direct labor C1. Rent on factory building 2. Sales supplies used 3. Factory supplies used 4. Indirect materials used A 5. Wages of assembly line personnel 6. Cost of primary material used to make product 7. Depreciation on office equipment 8. Rent on office facilities 9. Insurance expired on factory equipment 10. Utilities incurred in the office elaal
Required 1. Identify and classily each of the costs above as either a product or period...
Required 1. Identify and classily each of the costs above as either a product or period cost 2. Classily each of the product costs as either direct materials, direct labor, or factory overhead 3. Classify each of the period costs as either selling or general and administrative expenses. Costs Advertising expense Depr. expense-Office equip. Depr. expense-Selling equip. Depr. expense-Factory equip. Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Misc. production costs Office salaries expense Raw materials purchases...
Classify the following costs at a car manufacturer as a) product or period and b) direct...
Classify the following costs at a car manufacturer as a) product or period and b) direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or selling or general and administrative expense (G&A). D M or D Lor If MOH What Selling Expense or Windshield Engine Wages of assembly line worker Depreciation of factory machines Factory machinery lubricants Steering wheel Salary painting supervisor Salary of company president Rent on office building Utilities on factory building Factory safety manager Janitorial wages on...
Classify each cost as either a product cost or a period cost. Indicate whether each product...
Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Costs Classification a. Attorney fees for drafting a new lease for headquarters offices. b. Cash paid to outside firm for janitorial services for factory. c. Commissions paid to sales representatives, based on the number of ATVs...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct labor c. Manufacturing overhead. Write the appropriate letter in the space provided. A Factory machinery lubricants B. Depreciation on manufacturing building D. Wood used in manufacturing furniture C. Assembly line worker's wages Salaries for the night security guards for the factory building Glue, nails and other small parts used in production Insurance on factory machines Factory supervisor's salaries Metal used in manufacturing process -...
Instructions Classify each cost as either a product cost or a period cost. Indicate whether each...
Instructions Classify each cost as either a product cost or a period cost. Indicate whether each ne cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate each period cost is a selling expense or an administrative expense. Use the followin headings for your answer, placing an "X" in the appropriate column: whether g tabula Period Costs Product Costs Direct Cost Direct Factory Materials Labor Overhead Selling Expense Administrative Expense Cost Cost Cost PR...
The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and...
The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases* Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 28,750 7,250 8,600 33,550 102,600 7,350 33,000 675,480 56,875 8,425 63,000...
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...
2. Saldly UI CICILIUM Instructions Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Use the following tabular headings for your answer, placing an "X" in the appropriate column: Product Costs Period Costs Direct Direct Factory Materials Labor Overhead Selling Administrative Cast Cost Cost Cost...
Help sort each expense item into period or product (Direct
material, direct labor, or manufacturing overhead)
EXHIBIT 1-A: Classify costs as Period or Product (DM, DL or MOH) T.。.TES. Estimated Revenues and Expenses Year IDENTIFY TYPE OF COST (put at X in the correct column) Activity level based on sales forecast (totes) 600,000 Projected Period Product Costs Amount Account Cost DM DL MOH Sales Revenues Totes 072,000 Expenses 3,600 150,000 Administrative Office Supplies Administrative Staff, e.g. accountant, receptionist Administrative Payroll...
Part B- -Classification Classify each of the items below as: C--Factory Overhead D--Selling and Administrative expense A- -Direct materials B -Direct labor C1. Rent on factory building 2. Sales supplies used 3. Factory supplies used 4. Indirect materials used A 5. Wages of assembly line personnel 6. Cost of primary material used to make product 7. Depreciation on office equipment 8. Rent on office facilities 9. Insurance expired on factory equipment 10. Utilities incurred in the office elaal
Required 1. Identify and classily each of the costs above as either a product or period cost 2. Classily each of the product costs as either direct materials, direct labor, or factory overhead 3. Classify each of the period costs as either selling or general and administrative expenses. Costs Advertising expense Depr. expense-Office equip. Depr. expense-Selling equip. Depr. expense-Factory equip. Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Misc. production costs Office salaries expense Raw materials purchases...
Classify the following costs at a car manufacturer as a) product or period and b) direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or selling or general and administrative expense (G&A). D M or D Lor If MOH What Selling Expense or Windshield Engine Wages of assembly line worker Depreciation of factory machines Factory machinery lubricants Steering wheel Salary painting supervisor Salary of company president Rent on office building Utilities on factory building Factory safety manager Janitorial wages on...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct labor c. Manufacturing overhead. Write the appropriate letter in the space provided. A Factory machinery lubricants B. Depreciation on manufacturing building D. Wood used in manufacturing furniture C. Assembly line worker's wages Salaries for the night security guards for the factory building Glue, nails and other small parts used in production Insurance on factory machines Factory supervisor's salaries Metal used in manufacturing process -...
Instructions Classify each cost as either a product cost or a period cost. Indicate whether each ne cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate each period cost is a selling expense or an administrative expense. Use the followin headings for your answer, placing an "X" in the appropriate column: whether g tabula Period Costs Product Costs Direct Cost Direct Factory Materials Labor Overhead Selling Expense Administrative Expense Cost Cost Cost PR...
The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases* Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 28,750 7,250 8,600 33,550 102,600 7,350 33,000 675,480 56,875 8,425 63,000...
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