1. Ford Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. (12 pts)
1. Assembly line wages
2. Raw materials used directly in product
3. Depreciation on office equipment
4. Property taxes on factory building
5. Rent on factory building
6. Sales commissions
7. Depreciation on factory equipment
8. Factory utilities
9. Wages for factory maintenance workers
10. Advertising
11. Indirect materials used in production
12. Factory manager's salary
Instructions
Complete the following matrix by placing an X mark under the appropriate headings.
Direct Direct Manufacturing Period
Cost Item Materials Labor Overhead Costs
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Classification
Cost items | Direct material | Direct labor | Manufacturing overhead | Period cost |
1 Assembly line wages | X | |||
2 Raw materials used directly in product | X | |||
3 Depreciation on office equipment | X | |||
4 Property taxes on factory building | X | |||
5. Rent on factory building | X | |||
6 Sales commission | X | |||
7. Depreciation on factory equipment | X | |||
8. Factory utilities | X | |||
9. Wages for factory maintenance workers | X | |||
10 Advertising | X | |||
11. Indirect materials used in production | X | |||
12. Factory manager's salary | X | |||
1. Ford Manufacturing Company incurs the following manufacturing costs and expenses during the month of May....
Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. Factory manager's salary Complete the following matrix by placing an X mark...
Question 5 Grouper Company, a manufacturer of audio systems, started its production in October 2017, For the preceding 3 years, Grouper had been a retailer of audio systems. After a thorough survey of audio system markets, Grouper decided to turn its retail store into an audio equipment factory, Raw materials cost for an audio system will total $76 per unit. Workers on the production lines are on average paid $15 per hour. An audio system usually takes7 hours to complete....
Current Attempt in Progress Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. $11.900 2.300 80.500 Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for...
5. Days in Inventory 6. Times interest earned 7. Profit margin 8. Assets turnover 9. Debts/ Assets Ratio 10. Return on assets Problem #2 Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory...
Problem 1-1A (Video) Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough order to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line workers Depreciation...
Problem 14-01A Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line workers Depreciation on...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. $11,700 Rent on factory equipment Insurance on factory building 2,100 Raw materials (plastics, polystyrene, etc.) 80,100 Utility costs for factory 1,000 Supplies for general office 400 Wages for assembly line...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10.000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $11.800 2,100 Insurance on factory building 84,100 Raw materials (plastics.polystyrene, etc.) Utility costs for factory Supplies for general office 1,000 Wages for assembly line workers Depreciation...
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. $11,100 2,500 77,400 900 400 Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line...
Current Attempt in Progress Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $11,800 Insurance on factory building 1,900 Raw materials (plastics, polystyrene, etc.) 78,000 Utility costs for factory 900 Supplies for general office 300...