Homework Answers
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4. Option 3 is the answer Materials which cannot be traced directly to production units are treated as indirect materials. |
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5. Option 2 is the answer Labor which are not involved directly in the production are indirect labor |
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Cotter pins and lubricants used irregularly in a production process are classified as 1) miscellaneous expense....
1. If the cost object is an airplane, classify each cost as one of the following:...
1.
If the cost object is an airplane, classify each cost as one of
the following: direct material (DM), direct labour (DL),
indirect labour (IL), indirect materials (IM), other
manufacturing overhead (other MOH), or period cost. What is the
total for each type of cost?
2.
Calculate total manufacturing overhead costs.
3.
Calculate total inventoriable product costs.
4.
Calculate total prime costs.
5.
Calculate total conversion costs.
6.
Calculate total period costs.
An aircraft manufacturer incurred the following costs last...
Data Table 250 120 30 30 35 $680 45 110 220 80 90 175 $ 1,200...
Data Table 250 120 30 30 35 $680 45 110 220 80 90 175 $ 1,200 c. Depreciation on forklifts in factory g. Property tax on corporate marketing office j. Machine operators' health insurance k. Depreciation on administrative offices I. Cost of designing new plant layout Print Done Homework: HW #1 -Chapter 2 Score: 0 of 1 pt E2-21A (similar to) Save 5 of 10 (0 complete) HW Score: 0%, 0 of 10 pts Question Help An airline manufacturer incurred...
Please help with classifying questions below 1-1 1-2 The PC Works assembles custom computers from components...
Please help with classifying questions below
1-1
1-2
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling. or an...
ed the followips.coste last month (in thousands of dollars): costs.) Data Table cost object turing overhe...
ed the followips.coste last month (in thousands of dollars): costs.) Data Table cost object turing overhe the table leay ct labor (DL), indire ency amounts in thi 0 310 0 140 20 0 0 0 alaries factory 0 a. Airplane seats b. Production supervisors' salaries.. Depreciation on forklifts in factory Machine lubricants e. Factory janitors' wages.. f. Assembly workers' wages..... g. Property tax on corporate marketing office .. h. Plant utilities Cost of warranty repairs ........ Machine operators' health insurance...
Journal entry one is given. Journal entry 2 record the raw materials used in production, 189,000...
Journal entry one is given.
Journal entry 2 record the raw materials used in production,
189,000 (151,200 direct materials and 37,800 indirect
materials).
Journal entry 3 record the entry for accrued direct Labor
costs incurred, 50,000; indirect Labor cost incurred, 22,000.
Journal entry 4 depreciation recorded on factory equipment,
105,000.
Journal entry 5 other manufacturing overhead costs accrued
during October, 130,000.
Journal entry 6 The company applies manufacturing overhead
cost to production on the basis of 6$ per machine hour....
This Question 17 of 296 cod This Test: 29 pts possible 0 Ana mature mured the...
This Question 17 of 296 cod This Test: 29 pts possible 0 Ana mature mured the following costs last month in thousands of dollars) the icon to the Requirement 1. Assuming the cost object is an aplar, dassy each cost as one of the following direct mater (Mirect laboru), indirector i vidret mate Mother mancuring overhead MOHL or period cost What is the tal for each type of cost Enter currency minden dolara box is not used in the table...
1.
If the cost object is an airplane, classify each cost as one of
the following: direct material (DM), direct labour (DL),
indirect labour (IL), indirect materials (IM), other
manufacturing overhead (other MOH), or period cost. What is the
total for each type of cost?
2.
Calculate total manufacturing overhead costs.
3.
Calculate total inventoriable product costs.
4.
Calculate total prime costs.
5.
Calculate total conversion costs.
6.
Calculate total period costs.
An aircraft manufacturer incurred the following costs last...
Data Table 250 120 30 30 35 $680 45 110 220 80 90 175 $ 1,200 c. Depreciation on forklifts in factory g. Property tax on corporate marketing office j. Machine operators' health insurance k. Depreciation on administrative offices I. Cost of designing new plant layout Print Done Homework: HW #1 -Chapter 2 Score: 0 of 1 pt E2-21A (similar to) Save 5 of 10 (0 complete) HW Score: 0%, 0 of 10 pts Question Help An airline manufacturer incurred...
Please help with classifying questions below
1-1
1-2
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling. or an...
ed the followips.coste last month (in thousands of dollars): costs.) Data Table cost object turing overhe the table leay ct labor (DL), indire ency amounts in thi 0 310 0 140 20 0 0 0 alaries factory 0 a. Airplane seats b. Production supervisors' salaries.. Depreciation on forklifts in factory Machine lubricants e. Factory janitors' wages.. f. Assembly workers' wages..... g. Property tax on corporate marketing office .. h. Plant utilities Cost of warranty repairs ........ Machine operators' health insurance...
Journal entry one is given.
Journal entry 2 record the raw materials used in production,
189,000 (151,200 direct materials and 37,800 indirect
materials).
Journal entry 3 record the entry for accrued direct Labor
costs incurred, 50,000; indirect Labor cost incurred, 22,000.
Journal entry 4 depreciation recorded on factory equipment,
105,000.
Journal entry 5 other manufacturing overhead costs accrued
during October, 130,000.
Journal entry 6 The company applies manufacturing overhead
cost to production on the basis of 6$ per machine hour....
This Question 17 of 296 cod This Test: 29 pts possible 0 Ana mature mured the following costs last month in thousands of dollars) the icon to the Requirement 1. Assuming the cost object is an aplar, dassy each cost as one of the following direct mater (Mirect laboru), indirector i vidret mate Mother mancuring overhead MOHL or period cost What is the tal for each type of cost Enter currency minden dolara box is not used in the table...
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