Homework Answers
Solution 5:
"The depreciation on factory equipment" would not be a cost that could be directly traced to a custom piece of furniture based upon physical observation.
Hence option b is correct.
solution 6:
"Canvas used in sail" would not be classified as part of factory overhead of a firm that makes sailboats.
Hence option c is correct.
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5) Which of the following would NOT be a cost that could be directly traced to...
aste u & AD A ~ Aa- A = = Ă a. Styles Editing Dictate =...
aste u & AD A ~ Aa- A = = Ă a. Styles Editing Dictate = = = - 2 T Paragraph aboard Font Voice Styles 15 16 CHAPTER TWO 5) Which of the following would NOT be a cost that could be directly traced to a custom piece of furniture based upon physical observation? a) The wood and upholstery materials that are in the final piece. b) The depreciation on factory equipment. c) The labor of the worker assembling...
Which of the following would be classified as a prime cost? O A. cost of direct...
Which of the following would be classified as a prime cost? O A. cost of direct materials used B. salary of sales personnel O C. depreciation on factory equipment OD. depreciation on office furniture
Which of the following costs incurred by a chair manufacturer would be traced to the product...
Which of the following costs incurred by a chair manufacturer would be traced to the product cost through direct tracing? The woodworker's salary The depreciation on factory equipment The supervisor's salary The insurance on the factory building Which of the following costs incurred by a bus manufacturer would NOT be directly attributable to the finished product? The tires for buses The wages paid to assembly-line production workers The windshields for buses The depreciation on the factory building
Oa. If unit-based product costing is used, which of the following would be traced directly to...
Oa. If unit-based product costing is used, which of the following would be traced directly to the product? a. maintenance of machinery Ob. setup costs Oc. inspection costs Od. direct labor
Problem 2-25 Cost Classification and Cost Behavior [LO2-1, LO2-2, LO2-3, LO2-4] The Dorilane Company specializes in...
Problem 2-25 Cost Classification and Cost Behavior [LO2-1, LO2-2, LO2-3, LO2-4] The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 4,000 sets per year. Annual cost data at full capacity follow: $ $ Ꮎ Ꮎ Ꮎ Ꮎ Ꮎ Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance,...
5 pts Question 13 Which of the following would be considered an indirect cost of manufacturing...
5 pts Question 13 Which of the following would be considered an indirect cost of manufacturing a wood and glass table? the rent paid for the building where the table is assembled the wood in the table the glass used for the table top the amount of wages paid to the persons assembling the table > Question 14 5 Which of the following statements is true about job order costing? Job order costing ignores all indirect costs. It is used...
Problem 2-25 Cost Classification and Cost Behavior L02-1, L02-2, LO2-3, LO2-4) The Dorilane Company specializes in...
Problem 2-25 Cost Classification and Cost Behavior L02-1, L02-2, LO2-3, LO2-4) The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 4,000 sets per year. Annual cost data at full capacity follow: $90,000 Direct labor Advertising 101,000 71,000 $19,000 $60,000 $ 6,000 Factory supervision Property taxes, factory building Sales commissions Insurance,...
Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that...
Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. (If the item is a product cost, it should also be classified as either direct or indirect.) 2. Compute the average product cost of one patio set 3. Assume...
Please help! Thanks The Dorilane Company specializes in producing a set of wood patio furniture consisting...
Please help! Thanks
The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 4,100 sets per year. Annual cost data at full capacity follow: $ $ 23 points $ $ (8 02:55:09 Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost,...
The D Company produces a wood patio furniture set consisting of a table and four chairs. he compa...
The D Company produces a wood patio furniture set consisting of a table and four chairs. he company has enough customer demand to justify producing its full capacity of 3,800 sets per year. Annual cost data at full capacity follow: Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building Administrative office supplies (billing) Administrative office salaries 92,000 $101,000 $ 70,000 S 17,000...
aste u & AD A ~ Aa- A = = Ă a. Styles Editing Dictate = = = - 2 T Paragraph aboard Font Voice Styles 15 16 CHAPTER TWO 5) Which of the following would NOT be a cost that could be directly traced to a custom piece of furniture based upon physical observation? a) The wood and upholstery materials that are in the final piece. b) The depreciation on factory equipment. c) The labor of the worker assembling...
Which of the following would be classified as a prime cost? O A. cost of direct materials used B. salary of sales personnel O C. depreciation on factory equipment OD. depreciation on office furniture
Oa. If unit-based product costing is used, which of the following would be traced directly to the product? a. maintenance of machinery Ob. setup costs Oc. inspection costs Od. direct labor
Problem 2-25 Cost Classification and Cost Behavior [LO2-1, LO2-2, LO2-3, LO2-4] The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 4,000 sets per year. Annual cost data at full capacity follow: $ $ Ꮎ Ꮎ Ꮎ Ꮎ Ꮎ Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance,...
5 pts Question 13 Which of the following would be considered an indirect cost of manufacturing a wood and glass table? the rent paid for the building where the table is assembled the wood in the table the glass used for the table top the amount of wages paid to the persons assembling the table > Question 14 5 Which of the following statements is true about job order costing? Job order costing ignores all indirect costs. It is used...
Problem 2-25 Cost Classification and Cost Behavior L02-1, L02-2, LO2-3, LO2-4) The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 4,000 sets per year. Annual cost data at full capacity follow: $90,000 Direct labor Advertising 101,000 71,000 $19,000 $60,000 $ 6,000 Factory supervision Property taxes, factory building Sales commissions Insurance,...
Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. (If the item is a product cost, it should also be classified as either direct or indirect.) 2. Compute the average product cost of one patio set 3. Assume...
Please help! Thanks
The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 4,100 sets per year. Annual cost data at full capacity follow: $ $ 23 points $ $ (8 02:55:09 Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost,...
The D Company produces a wood patio furniture set consisting of a table and four chairs. he company has enough customer demand to justify producing its full capacity of 3,800 sets per year. Annual cost data at full capacity follow: Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building Administrative office supplies (billing) Administrative office salaries 92,000 $101,000 $ 70,000 S 17,000...
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