Homework Answers
| a | Direct Cost | Variable Cost |
| b | Indirect Cost | Fixed Cost |
| c | Indirect Cost | Fixed Cost |
| d | Indirect Cost | Variable Cost |
| e | Direct Cost | Variable Cost |
| f | Indirect Cost | Variable Cost |
| g | Direct Cost | Variable Cost |
| h | Indirect Cost | Fixed Cost |
| i | Indirect Cost | Fixed Cost |
Add Answer to:
2-25 Classification of costs, manufacturing sector. The Cooper Furniture Company of Potomat, Maryland, assembles two types...
✓ Saved Question 8 (2.5 points) A chair manufacturing plant has two separate assembly lines: recliners...
✓ Saved Question 8 (2.5 points) A chair manufacturing plant has two separate assembly lines: recliners and rockers. Using each assembly line as a cost object, which of the following classification is incorrect? a) Dor! For V - V Electricity for recliner line (billed for the plant) b) D or For V F Annual insurance for the plant Dor For V D V Hourly wages paid temporary recliner line workers d) D or For V D F Salary of PR...
ABC Furniture company manufactures furniture at it's Ohio factory. Some of its costs from the past...
ABC Furniture company manufactures furniture at it's Ohio factory. Some of its costs from the past year include: Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Fabric used to upholster furniture Freight-In (on raw materials) Costs of delivery to customers Wages paid to assembly line workers making the furniture Lumber used to build products Utilities in factory Utilities in sales office $9,700 $16,500 $50,500 $23,300 $3,600...
2-23 Classification of direct and indirect costs, manufacturing sector. Timi Company manufactures pens for schools. Summary...
2-23 Classification of direct and indirect costs, manufacturing sector. Timi Company manufactures pens for schools. Summary data (in thousands) for the year ended December 31, 2019, are as follows: Cost Items A. Ink for pens £ 600 B. Depreciation of delivery vehicles £ 4,000 C. Depreciation of factory machine £8,500 D. Interest expense £ 1,500 E. Salary of general manager £24,000 F. Wages of factory staff £ 5,000 G. Salary of supervisors £ 2,500 H. Machine maintenance costs £ 350...
Managerial Accounting Concepts and Principles )Classifying costs as materials, labor, or factory overhead EX 1-2 Tedicate...
Managerial Accounting Concepts and Principles )Classifying costs as materials, labor, or factory overhead EX 1-2 Tedicate whether the following costs of Procter & Gamble, a maker of consumer products, weuld be classified as direct materials cost, direct labor cost, or factory overhead cost. 08,2 a. Plant manager salary for the lowa City, lowa, plant b. Maintenance supplies c. Salary of process engineers d. Wages paid to Packaging Department employees in the Bear River City, Utah, paper products plant e. Scents...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation,...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1Salaries for assembly line inspectors. Insurance on factory machines Property taxes on the factory building. Factory repairs E Upholstery used in manufacturing furniture Wages paid to assembly line workers. Factory machinery depreciation. Glue, nails, paint, and other...
Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations...
Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows. The company intends to classify these costs and expenses into the following categories: (a) direct materials, (b) direct labor, (c) manufacturing overhead, and (d) period costs. For each item, indicate the cost category to which it belongs. Item Category Property taxes on the factory building. rini Production superintendents’ salaries. mi Memory boards and chips used in assembling computers. Depreciation on the...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
Total: 20 marks A company manufactures household items sold at trade shows. The items, classified as...
Total: 20 marks A company manufactures household items sold at trade shows. The items, classified as either Tables or Frames, are manufactured on a common assembly line. Although different direct materials are used, the direct labour cost is the same for each product line. The plant-wide rate for allocating manufacturing overhead to its products is no longer acceptable. The production manager has heard about activity-based costing and has assembled some information for use in changing the cost system to a...
Casa Migliore is a production company that manufactures high quality furniture. The manager of Casa Migliore...
Casa Migliore is a production company that manufactures high quality furniture. The manager of Casa Migliore has realized the opportunity to increase the revenues by reducing the costs related to production and inventory levels. He now wants to optimize the production planning of three types of chairs, A, B, and C for the next 6 months. In Table 1, sales forecasts for each type of chair are given. Table 1. Demand for each type of chair for the next 6...
Exercise 1-2 Classifying Manufacturing Costs (L01-2] The PC Works assembles custom computers from components supplied by...
Exercise 1-2 Classifying Manufacturing Costs (L01-2] 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 administrative cost....
✓ Saved Question 8 (2.5 points) A chair manufacturing plant has two separate assembly lines: recliners and rockers. Using each assembly line as a cost object, which of the following classification is incorrect? a) Dor! For V - V Electricity for recliner line (billed for the plant) b) D or For V F Annual insurance for the plant Dor For V D V Hourly wages paid temporary recliner line workers d) D or For V D F Salary of PR...
ABC Furniture company manufactures furniture at it's Ohio factory. Some of its costs from the past year include: Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Fabric used to upholster furniture Freight-In (on raw materials) Costs of delivery to customers Wages paid to assembly line workers making the furniture Lumber used to build products Utilities in factory Utilities in sales office $9,700 $16,500 $50,500 $23,300 $3,600...
2-23 Classification of direct and indirect costs, manufacturing sector. Timi Company manufactures pens for schools. Summary data (in thousands) for the year ended December 31, 2019, are as follows: Cost Items A. Ink for pens £ 600 B. Depreciation of delivery vehicles £ 4,000 C. Depreciation of factory machine £8,500 D. Interest expense £ 1,500 E. Salary of general manager £24,000 F. Wages of factory staff £ 5,000 G. Salary of supervisors £ 2,500 H. Machine maintenance costs £ 350...
Managerial Accounting Concepts and Principles )Classifying costs as materials, labor, or factory overhead EX 1-2 Tedicate whether the following costs of Procter & Gamble, a maker of consumer products, weuld be classified as direct materials cost, direct labor cost, or factory overhead cost. 08,2 a. Plant manager salary for the lowa City, lowa, plant b. Maintenance supplies c. Salary of process engineers d. Wages paid to Packaging Department employees in the Bear River City, Utah, paper products plant e. Scents...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1Salaries for assembly line inspectors. Insurance on factory machines Property taxes on the factory building. Factory repairs E Upholstery used in manufacturing furniture Wages paid to assembly line workers. Factory machinery depreciation. Glue, nails, paint, and other...
Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows. The company intends to classify these costs and expenses into the following categories: (a) direct materials, (b) direct labor, (c) manufacturing overhead, and (d) period costs. For each item, indicate the cost category to which it belongs. Item Category Property taxes on the factory building. rini Production superintendents’ salaries. mi Memory boards and chips used in assembling computers. Depreciation on the...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
Total: 20 marks A company manufactures household items sold at trade shows. The items, classified as either Tables or Frames, are manufactured on a common assembly line. Although different direct materials are used, the direct labour cost is the same for each product line. The plant-wide rate for allocating manufacturing overhead to its products is no longer acceptable. The production manager has heard about activity-based costing and has assembled some information for use in changing the cost system to a...
Exercise 1-2 Classifying Manufacturing Costs (L01-2] 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 administrative cost....
Most questions answered within 3 hours.
-
A study of the effects of exercise used rats bred to have high
or low capacity...
asked 9 minutes ago -
Using your data from the experiment, calculate the initial moles
of HCl that you started with....
asked 9 minutes ago -
Suppose you want to make 500 mL of a 0.20 M Tris buffer at pH
8.0....
asked 10 minutes ago -
The titanic hit an iceberg estimated to be half of her mass.
Before hitting the iceberg,...
asked 32 minutes ago -
3. The top four firms in Industry A have market shares of 30,
25, 10, and...
asked 35 minutes ago -
Are there such things as microscopic multicellular animal
parasites? If so, please give examples.
asked 1 hour ago -
1. What two structures in the ear are involved in your
sense of balance and in...
asked 57 minutes ago -
Two ice skaters suddenly push off against one another starting
from a stationary position. The 45...
asked 57 minutes ago -
What is the Larmor frequency for a proton in a magnetic field of
B0 = 14.0...
asked 58 minutes ago -
Problem 03.019 Annual Worth Calculations
Find the value of x that makes the equivalent annual
worth...
asked 1 hour ago -
Under common law, right of survivorship was automatically a
feature of which type of co-tenancy?
a....
asked 1 hour ago -
At 1 bar, how much energy is required to heat 61.0 g of H2O(s)
at −12.0...
asked 1 hour ago