Homework Answers
| Amount | Period Cost | Product Cost | |||
| DM | DL | MOH | |||
| Expenses | |||||
| Adminsitrative Office Supplies | 3600 | Period Cost | - | - | - |
| Adminstrative Staff | 150000 | Period Cost | - | - | - |
| Adminsitrative Payroll taxes | 122532 | Period Cost | - | - | - |
| Advertising , Trade Shows , Travel & Entertainement | 46000 | Period Cost | - | - | - |
| Company Labels | 3000 | Period Cost | - | - | - |
| Depreciation - Admin office furniture & Equipment | 2450 | Period Cost | - | - | - |
| Depreciation - Production Department | 7600 | - | - | - | MOH |
| Equipment lease - Finished Goods | 5000 | - | - | - | MOH |
| Executive Salaries | 363178 | Period Cost | - | - | - |
| Fabric | 800000 | - | DM | - | - |
| Factory utilities | 43600 | - | - | - | MOH |
| Freight and postage - Adminsit | 2500 | Period Cost | - | - | - |
| Insurance - Pant | 14000 | - | - | - | MOH |
| Leagal and professional | 5000 | Period Cost | - | - | - |
| Insurance - Liability | 9000 | Period Cost | - | - | - |
| Logo ink | 26000 | - | DM | - | - |
| Plant maintenance supervission | 32000 | - | - | - | MOH |
| Plant Manager | 68000 | Period Cost | - | - | - |
| Rent - Adminsitrative Building | 11000 | Period Cost | - | - | - |
| Plant maintenance and repairs | 27000 | - | - | - | MOH |
| Sales Commissions | 61440 | Period Cost | - | - | - |
| Sales Salaries | 12000 | Period Cost | - | - | - |
| Shipping and handling finished goods | 40350 | Period Cost | - | - | - |
| Thread | 50000 | - | DM | - | - |
| Wages - Cutting | 88000 | - | - | DL | - |
| Wages - Printing | 8250 | - | - | DL | - |
| Wages - Sewing | 176000 | - | - | DL | |
| Webbing | 675000 | - | - | - | MOH |
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Help sort each expense item into period or product (Direct
material, direct labor, or manufacturing overhead)...
1. Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a...
1. Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a period cost for a shoe manufacturer. Leather Utility bill for the manufacturing plant Depreciation expense on accounting dept. copier Wages of production line employees Wages of sales employees Shoe laces Plant supervisor Depreciation expense on sewing machines DM DM DM DM DM DM DM DM DL DL DL DL DL MOH Period Cost MOH Period Cost MOH Period Cost MOH Period Cost MOH Period...
Classify the following costs at a car manufacturer as a) product or period and b) direct...
Classify the following costs at a car manufacturer as a) product or period and b) direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or selling or general and administrative expense (G&A). D M or D Lor If MOH What Selling Expense or Windshield Engine Wages of assembly line worker Depreciation of factory machines Factory machinery lubricants Steering wheel Salary painting supervisor Salary of company president Rent on office building Utilities on factory building Factory safety manager Janitorial wages on...
Pinnacle Manufacturing manufactures custom wheel covers. Identify each of the preceding costs as either a prime...
Pinnacle Manufacturing manufactures custom wheel covers. Identify each of the preceding costs as either a prime cost period cost or conversion cost. If the cost is a prime cost, decide whether it is for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH). (Select "Both Prime and Conversion Costs" if both of the categories apply for a particular item.) Product Costs Prime/Conversion/Period cost MOH DM MOH MOH Period Cost Conversion Cost Prime Cost Conversion Cost Conversion Cost Administrative Salaries...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs:...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs: 1. classify the each cost item as either product or period costs, and 2. identify whether the costs should be categorized as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), selling (S), or general & administrative (GA). BRIDGEPORT MANUFACTURING COSTS Requirement (1) Requirement (2) Direct materials (DM), Direct labor (DL), Manufacturing Product or Period Overhead (MOH). costs Selling (S), or General & Administrative...
Complete the total amounts for each column. Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period...
Complete the total amounts for each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Complete the total amounts of each column. Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period...
Complete the total amounts of each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
D. $0.40 Example 45: Classify each of the following as either period or product. If a...
D. $0.40 Example 45: Classify each of the following as either period or product. If a cost is a period cost, indicate whether it would be a selling or an administrative cost. If a cost is a product cost, indicate whether it is direct or indirect. Item Period Cost Product Cost Selling Administrative Direct Indirect Rent on a sales office Direct materials Sales commissions Rent on a factory building Secretarial salaries for the sales force Assembly line worker wages Product...
Requirement 1. Assuming the cost object is an airplane, classif manufacturing overhead (other MOH), or period...
Requirement 1. Assuming the cost object is an airplane, classif manufacturing overhead (other MOH), or period cost. What is the total for each type of cost? (Enter currency amounts in thousands and not in doll box empty, do not enter a zero.) fy each cost as one of the following direct material (DM), direct labor (DL), indirect labor (IL), indirect materials (IM), other ars. If a box is not used in the table leave th Other DM DL IM IL...
determine period or product cost if a product cost which type direct labor, direct materials, or...
determine period or product cost
if
a product cost which type direct labor, direct materials, or
factory overhead
Commissions to sales representatives Period Cost Payroll department salaries Select One Maintenance of factory equipment Select One VP of Manufacturing salary Select One Accounting department office supplies Select One Factory rent Select One Factory utilities Select One Wages of assembly line workers Select One Factory janitorial services Select One Factory supplies Select One Leather for bicycle seats Select One Depreciation of office...
4) Lets Assume we are a car company: If Product Product Fixed or Variable Cost,DM, DL...
4) Lets Assume we are a car company: If Product Product Fixed or Variable Cost,DM, DL or OH or Period Property Taxes, factory Salesperson's commissions Supervisor Salary, factory Wages of workers assembling components Tires used is automobile production Shipping costs on merchandise sold Automobiles for company executives Cost of AM/FM car stereos with CD Player Lubricants for machinery Cost of workers painting the product Cost of shipping radar sets to customers Utilities for administrative offices Utilities for factory machinery Utilities...
1. Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a period cost for a shoe manufacturer. Leather Utility bill for the manufacturing plant Depreciation expense on accounting dept. copier Wages of production line employees Wages of sales employees Shoe laces Plant supervisor Depreciation expense on sewing machines DM DM DM DM DM DM DM DM DL DL DL DL DL MOH Period Cost MOH Period Cost MOH Period Cost MOH Period Cost MOH Period...
Classify the following costs at a car manufacturer as a) product or period and b) direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or selling or general and administrative expense (G&A). D M or D Lor If MOH What Selling Expense or Windshield Engine Wages of assembly line worker Depreciation of factory machines Factory machinery lubricants Steering wheel Salary painting supervisor Salary of company president Rent on office building Utilities on factory building Factory safety manager Janitorial wages on...
Pinnacle Manufacturing manufactures custom wheel covers. Identify each of the preceding costs as either a prime cost period cost or conversion cost. If the cost is a prime cost, decide whether it is for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH). (Select "Both Prime and Conversion Costs" if both of the categories apply for a particular item.) Product Costs Prime/Conversion/Period cost MOH DM MOH MOH Period Cost Conversion Cost Prime Cost Conversion Cost Conversion Cost Administrative Salaries...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs: 1. classify the each cost item as either product or period costs, and 2. identify whether the costs should be categorized as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), selling (S), or general & administrative (GA). BRIDGEPORT MANUFACTURING COSTS Requirement (1) Requirement (2) Direct materials (DM), Direct labor (DL), Manufacturing Product or Period Overhead (MOH). costs Selling (S), or General & Administrative...
Complete the total amounts for each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Complete the total amounts of each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
D. $0.40 Example 45: Classify each of the following as either period or product. If a cost is a period cost, indicate whether it would be a selling or an administrative cost. If a cost is a product cost, indicate whether it is direct or indirect. Item Period Cost Product Cost Selling Administrative Direct Indirect Rent on a sales office Direct materials Sales commissions Rent on a factory building Secretarial salaries for the sales force Assembly line worker wages Product...
Requirement 1. Assuming the cost object is an airplane, classif manufacturing overhead (other MOH), or period cost. What is the total for each type of cost? (Enter currency amounts in thousands and not in doll box empty, do not enter a zero.) fy each cost as one of the following direct material (DM), direct labor (DL), indirect labor (IL), indirect materials (IM), other ars. If a box is not used in the table leave th Other DM DL IM IL...
determine period or product cost
if
a product cost which type direct labor, direct materials, or
factory overhead
Commissions to sales representatives Period Cost Payroll department salaries Select One Maintenance of factory equipment Select One VP of Manufacturing salary Select One Accounting department office supplies Select One Factory rent Select One Factory utilities Select One Wages of assembly line workers Select One Factory janitorial services Select One Factory supplies Select One Leather for bicycle seats Select One Depreciation of office...
4) Lets Assume we are a car company: If Product Product Fixed or Variable Cost,DM, DL or OH or Period Property Taxes, factory Salesperson's commissions Supervisor Salary, factory Wages of workers assembling components Tires used is automobile production Shipping costs on merchandise sold Automobiles for company executives Cost of AM/FM car stereos with CD Player Lubricants for machinery Cost of workers painting the product Cost of shipping radar sets to customers Utilities for administrative offices Utilities for factory machinery Utilities...
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