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A. Exercises Label the following costs as a cost of ownership ("own")...
engineer at Montana Chemical Engineering Company Jennifer owns two vehicles, and one of them is entirely...
engineer at Montana Chemical Engineering Company Jennifer owns two vehicles, and one of them is entirely dedicated to business use. Her business has estimated even? car is a small, used pickup truck, the costs which she opled by the U.S. Department of Transportation. Jennifer f owning and operating her business vehicle for the first three years as given in the tahle If her interest rate is 7 helow what should be Jennifer's reimbursement rate per mile so that she can...
The purpose of this exercise is to learn how to calculate ownership costs and operating costs for a harvesting machine a...
The purpose of this exercise is to learn how to calculate ownership costs and operating costs for a harvesting machine and compare them to the cost of custom hiring the same operation. You can have your crops harvested by a custom operator or you can buy your own combine to harvest them yourself. To make this decision you must calculate the ownership and operating costs for the combine and then compare them to the cost of custom hiring. Assume the...
Benedict Company incurred the following costs. Indicate to which account Benedict would debit each of the...
Benedict Company incurred the following costs. Indicate to which
account Benedict would debit each of the costs.
No.
Transactions
Account
1.
Sales tax on factory
machinery purchased
$ 5,000
select one from the following: Insurance Expense or Land or
Buildings or Equipment or Architect’s Fees or Tax Expense or
Repairs and Maintenance Expense or Advertising Expense or Land
Improvements or Prepaid Insurance
2.
Painting of and lettering on
truck immediately upon purchase
700
select
one from the following: Insurance Expense...
Chi Practice Exercises 1. Page 27) Fredricks Co. reports the following costs in May. 1. Factory...
Chi Practice Exercises 1. Page 27) Fredricks Co. reports the following costs in May. 1. Factory utilities $ 15,600 2 Direct labor (JK added Factory $89,100 3. Depreciation on factory equipment 12,650 4 Sales salarios 46,400 6. Depreciation on delivery trucks 8,800 Property taxes on factory building 2,500 7. Indirect factory labor 48,900 3. Repairs to office equipment 2,300 9. Indirect materials Factory 80,800 10. Factory repairs 2,000 11. Direct materials used @Factory 137,600 12. Advertising (JK added Salen) 18,000...
Listed below are costs of providing an airline service. Classify each cost as (a) either variable...
Listed below are costs of providing an airline service. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight attendants and pilots are paid based on hours of flight time. Cost Variable or Fixed Direct or Indirect | 1. Snacks served on airplanes 2. Depreciation on office equipment 3. Oil used in airplanes 4. Luggage handler wages 5. Airport landing fee...
Please note two attachments. Question 4 ABC Manufacturing wants to determine whether its various product costs...
Please note two attachments.
Question 4 ABC Manufacturing wants to determine whether its various product costs are director indirect, and variable or fixed. This information will be used to determine product unit costs. All employees are guaranteed a 40-hour work-week except factory employees, who are paid an hourly wage and can be sent home when there is no work. The following classification scheme has been developed: A. Direct variable cost B. Indirect variable cost C. Direct fixed cost D. Indirect...
*Exercise 19-7 x Your answer is incorrect. Try again. National Express reports the following costs and...
*Exercise 19-7 x Your answer is incorrect. Try again. National Express reports the following costs and expenses in June 2017 for its delivery service. Indirect materials Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks $7,000 11,700 5,470 930 12,900 3,000 Drivers' salaries Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $16,400 5,400 320 690 1,010 280 Determine the total amount of (a) delivery service (product)...
Accounting Question for Marginal/Differential Costs (not Financial Products): The average cost in 2015 of operating a...
Accounting Question for Marginal/Differential Costs (not Financial Products): The average cost in 2015 of operating a domestically built motor bike are as below: Particulars Average per km Variable Costs: Fuel Rs. 6.5 Maintenance Rs. 5.4 Tires Rs.0.7 Total Variable Cost Rs. 12.6 Fixed Costs: Insurance Rs.1603 License, registration, taxes Rs.415 Depreciation Rs. 3782 Finance Charges (Assume a five-year loan at 6 percentage interest with a 10 percent down payment) Rs.741 Total Fixed Cost Rs. 6541 Assume that these costs are...
Determine property, plant, and equipment costs. (LO 1) E10-2 Benedict Company incurred the following costs. 1....
Determine property, plant, and equipment costs. (LO 1) E10-2 Benedict Company incurred the following costs. 1. Sales tax on factory machinery purchased 2. Painting of and lettering on truck immediately upon purchase 3. Installation and testing of factory machinery 4. Real estate broker's commission on land purchased Insurance premium paid for first year's insurance on new truck 6. Cost of landscaping on property purchased 7. Cost of paving parking lot for new building constructed 8. Cost of clearing, draining, and...
d E9.2 (LO 1) Benedict Company incurred the following costs. $ 5,000 1. Sales tax on...
d E9.2 (LO 1) Benedict Company incurred the following costs. $ 5,000 1. Sales tax on factory machinery purchased 2. Painting of and lettering on truck immediately upon purchase 3. Installation and testing of factory machinery 700 oorardto 2,000 4. Real estate broker's commission on land purchased 3,500 5. Insurance premium paid for first year's insurance on new truck 880 6. Cost of landscaping on property purchased 7,200 7. Cost of paving parking lot for new building constructed 8. Cost...
engineer at Montana Chemical Engineering Company Jennifer owns two vehicles, and one of them is entirely dedicated to business use. Her business has estimated even? car is a small, used pickup truck, the costs which she opled by the U.S. Department of Transportation. Jennifer f owning and operating her business vehicle for the first three years as given in the tahle If her interest rate is 7 helow what should be Jennifer's reimbursement rate per mile so that she can...
Benedict Company incurred the following costs. Indicate to which
account Benedict would debit each of the costs.
No.
Transactions
Account
1.
Sales tax on factory
machinery purchased
$ 5,000
select one from the following: Insurance Expense or Land or
Buildings or Equipment or Architect’s Fees or Tax Expense or
Repairs and Maintenance Expense or Advertising Expense or Land
Improvements or Prepaid Insurance
2.
Painting of and lettering on
truck immediately upon purchase
700
select
one from the following: Insurance Expense...
Chi Practice Exercises 1. Page 27) Fredricks Co. reports the following costs in May. 1. Factory utilities $ 15,600 2 Direct labor (JK added Factory $89,100 3. Depreciation on factory equipment 12,650 4 Sales salarios 46,400 6. Depreciation on delivery trucks 8,800 Property taxes on factory building 2,500 7. Indirect factory labor 48,900 3. Repairs to office equipment 2,300 9. Indirect materials Factory 80,800 10. Factory repairs 2,000 11. Direct materials used @Factory 137,600 12. Advertising (JK added Salen) 18,000...
Listed below are costs of providing an airline service. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight attendants and pilots are paid based on hours of flight time. Cost Variable or Fixed Direct or Indirect | 1. Snacks served on airplanes 2. Depreciation on office equipment 3. Oil used in airplanes 4. Luggage handler wages 5. Airport landing fee...
Please note two attachments.
Question 4 ABC Manufacturing wants to determine whether its various product costs are director indirect, and variable or fixed. This information will be used to determine product unit costs. All employees are guaranteed a 40-hour work-week except factory employees, who are paid an hourly wage and can be sent home when there is no work. The following classification scheme has been developed: A. Direct variable cost B. Indirect variable cost C. Direct fixed cost D. Indirect...
*Exercise 19-7 x Your answer is incorrect. Try again. National Express reports the following costs and expenses in June 2017 for its delivery service. Indirect materials Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks $7,000 11,700 5,470 930 12,900 3,000 Drivers' salaries Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $16,400 5,400 320 690 1,010 280 Determine the total amount of (a) delivery service (product)...
Determine property, plant, and equipment costs. (LO 1) E10-2 Benedict Company incurred the following costs. 1. Sales tax on factory machinery purchased 2. Painting of and lettering on truck immediately upon purchase 3. Installation and testing of factory machinery 4. Real estate broker's commission on land purchased Insurance premium paid for first year's insurance on new truck 6. Cost of landscaping on property purchased 7. Cost of paving parking lot for new building constructed 8. Cost of clearing, draining, and...
d E9.2 (LO 1) Benedict Company incurred the following costs. $ 5,000 1. Sales tax on factory machinery purchased 2. Painting of and lettering on truck immediately upon purchase 3. Installation and testing of factory machinery 700 oorardto 2,000 4. Real estate broker's commission on land purchased 3,500 5. Insurance premium paid for first year's insurance on new truck 880 6. Cost of landscaping on property purchased 7,200 7. Cost of paving parking lot for new building constructed 8. Cost...
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