Homework Answers
| The cost of a small amount of glue used to manufacture a product may be called |
| Ans: Option D |
| All of the choices are terms that may be used to describe small quantities of materials consumed in the process of making products. |
| Product costs are cos incurred to manufacture a product.Indirect costs are the costs not directly related to the manufacture of a product.Overhead cost are costs that are not directly linked to creating a product. So, all the terms may be used |
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The cost of a small amount of glue used to manufacture a product may be called...
QUESTION 14 A manufacturing process requires small amounts of glue. The glue used in the production...
QUESTION 14 A manufacturing process requires small amounts of glue. The glue used in the production process is cl period cost. indirect material. direct material. miscellaneous expense. QUESTION 15
Supler Corporation produces a part used in the manufacture of one of its products. The unit...
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $22, computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost 1 An outside supplier has offered to provide the annual requirement of 7,200 of the parts for only $19 each. The company estimates that 80% of the fixed manufacturing overhead cost above could be eliminated if the parts are purchased from the outside supplier....
Activity-based and department rate product costing and product cost distortions Instructions Amount Descriptions Factory Overhead Rates...
Activity-based and department rate product costing and product cost distortions Instructions Amount Descriptions Factory Overhead Rates Factory Overhead Costs Instructors Black and Sue Sports Inc. manufactures two products onboards and is the factory overhead incurred is as follows: 1 Indirect labor 350700 15600000 Cutting Department 3 Finishing Department 19200000 S855000.00 The activity base associated with the two production departments is direct labor hours. The Indirect labor can be assigned to two different activities as follows: Activity Base Budgeted Activity Cost...
A manufacturer's total cost of making and finishing products in the period is called: Multiple Choice...
A manufacturer's total cost of making and finishing products in the period is called: Multiple Choice O EM Ending finished goods inventory Total manufacturing costs O Ending work in process inventory. O Cost of goods manufactured O O ) Cost of goods sold.
A process costing system would best fit the needs of a company that manufacturers: Multiple Choice...
A process costing system would best fit the needs of a company that manufacturers: Multiple Choice O Houses O Airplanes. O Food products. O Motorcycles Machinery Saved A source document used by employees to report the amount of time spent working on a job is called a(n): Multiple Choice LO Payroll Register. Job cost sheet O Invoice O Time ticket. Receiving report. Seved Some companies wait until the end of a month to allocate Factory Overhead. However, most companies allocate...
Supler Corporation produces a part used in the manufacture of one of its products. The unit...
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $17, computed as follows: Direct materials $ 6 Direct labor 3 Variable manufacturing overhead 3 Fixed manufacturing overhead 5 Unit product cost $ 17 An outside supplier has offered to provide the annual requirement of 7,800 of the parts for only $11 each. The company estimates that 60% of the fixed manufacturing overhead cost above could be eliminated if the parts...
Supler Corporation produces a part used in the manufacture of one of its products. The unit...
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $23, computed as follows: $ 8 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 1 6 $23 Unit product cost An outside supplier has offered to provide the annual requirement of 4,700 of the parts for only $10 each. The company estimates that 50% of the fixed manufacturing overhead cost above could be eliminated if the parts are purchased...
Unwrapped or How It's Made
Watch https://www.youtube.com/watch?v=Yi8zTeav1SU and answer following questions.Describe the product that is being produced and the company that makes it. Summarize the production process that is used in making this product.What raw materials are used to make this product?What indirect materials are used to make this product?Describe the jobs of the workers who would be considered "direct labor" in the making of this product.Describe the jobs of the workers who would be considered "indirect labor" in the making of this product.Define manufacturing overhead. In addition...
Supler Corporation produces a part used In the manufacture of one of its products. The unit...
Supler Corporation produces a part used In the manufacture of one of its products. The unit product cost is $22, computed as follows: al. Variable nanufacturirg overhead 1 Fixed nanufacturing overhead tUnit product cost 22 An outside supplier has offered to provide the annual requirement of 7,000 of the parts for only $16 each. The company estimates that 50 % of the fixed manufacturing overhead cost above could be eliminated if the parts are purchased from the outside supplier. Assume...
At what amount will the inventory and cost of goods sold amounts be reported on the...
At what amount will the inventory and cost of goods sold amounts
be reported on the financial statements?
Inventory at actual and cost of goods sold at standard.
Inventory at standard and cost of goods sold at standard.
Inventory at standard and cost of goods sold at actual.
Inventory at actual and cost of goods sold at actual.
Which of the following is a disadvantage of
participative budgeting?
It is a time-consuming process.
Managers may pad the budget.
Both it...
QUESTION 14 A manufacturing process requires small amounts of glue. The glue used in the production process is cl period cost. indirect material. direct material. miscellaneous expense. QUESTION 15
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $22, computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost 1 An outside supplier has offered to provide the annual requirement of 7,200 of the parts for only $19 each. The company estimates that 80% of the fixed manufacturing overhead cost above could be eliminated if the parts are purchased from the outside supplier....
Activity-based and department rate product costing and product cost distortions Instructions Amount Descriptions Factory Overhead Rates Factory Overhead Costs Instructors Black and Sue Sports Inc. manufactures two products onboards and is the factory overhead incurred is as follows: 1 Indirect labor 350700 15600000 Cutting Department 3 Finishing Department 19200000 S855000.00 The activity base associated with the two production departments is direct labor hours. The Indirect labor can be assigned to two different activities as follows: Activity Base Budgeted Activity Cost...
A manufacturer's total cost of making and finishing products in the period is called: Multiple Choice O EM Ending finished goods inventory Total manufacturing costs O Ending work in process inventory. O Cost of goods manufactured O O ) Cost of goods sold.
A process costing system would best fit the needs of a company that manufacturers: Multiple Choice O Houses O Airplanes. O Food products. O Motorcycles Machinery Saved A source document used by employees to report the amount of time spent working on a job is called a(n): Multiple Choice LO Payroll Register. Job cost sheet O Invoice O Time ticket. Receiving report. Seved Some companies wait until the end of a month to allocate Factory Overhead. However, most companies allocate...
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $23, computed as follows: $ 8 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 1 6 $23 Unit product cost An outside supplier has offered to provide the annual requirement of 4,700 of the parts for only $10 each. The company estimates that 50% of the fixed manufacturing overhead cost above could be eliminated if the parts are purchased...
Supler Corporation produces a part used In the manufacture of one of its products. The unit product cost is $22, computed as follows: al. Variable nanufacturirg overhead 1 Fixed nanufacturing overhead tUnit product cost 22 An outside supplier has offered to provide the annual requirement of 7,000 of the parts for only $16 each. The company estimates that 50 % of the fixed manufacturing overhead cost above could be eliminated if the parts are purchased from the outside supplier. Assume...
At what amount will the inventory and cost of goods sold amounts
be reported on the financial statements?
Inventory at actual and cost of goods sold at standard.
Inventory at standard and cost of goods sold at standard.
Inventory at standard and cost of goods sold at actual.
Inventory at actual and cost of goods sold at actual.
Which of the following is a disadvantage of
participative budgeting?
It is a time-consuming process.
Managers may pad the budget.
Both it...
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