Homework Answers
|
Costs |
Type of Cost |
|
|
A |
Depreciation of robotic assembly line equipment |
Factory overhead cost |
|
B |
V8 automobile engine |
Direct material cost |
|
C |
Steering wheels |
Direct material cost |
|
D |
Wheels |
Direct material cost |
|
E |
Painting safety masks for employees working in the paint room |
Factory overhead cost |
|
F |
Salary of test driver |
Factory overhead cost |
|
G |
Glass used in the vehicle windshield |
Direct material cost |
|
H |
Wages of assembly line worker |
Direct labor cost |
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-cises Obj. 2 costs of an automobile manufacturer would be classi- EX 15-1 Classifying costs as...
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following costs of...
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct labor cost, or factory overhead cost Cost a. Wheels b. Glass used in the vehicle's windshield c. Wages of assembly line worker d. V8 automobile engine e. Depreciation of robotic assembly line equipment f. Steering wheel g. Painting safety masks for employees working in the paint room h. Salary of test driver Classification
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following costs of...
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following costs of an automobile manufacturer would be classified materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Wheels b. Glass used in the vehicle's windshield c. Wages of assembly line worker d. V8 automobile engine e. Depreciation of robotic assembly line equipment f. Steering wheel g. Painting safety masks for employees working in the paint room h. Salary of test driver
15-4f Exercises EX 15-1 Classifying Costs as Materials, Labor, or Factory Overhead Obj. 2 Indicate whether...
15-4f Exercises EX 15-1 Classifying Costs as Materials, Labor, or Factory Overhead Obj. 2 Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct labor cost, or factory overhead cost: a. Automobile engine b. Brake pads c. Depreciation of robotic assembly line equipment d. Glass for front and rear windshields e. Safety helmets and masks for assembly line workers f. Salary of quality control inspector g. Steering wheel h. Tires 1....
ure akekssignmentSessionLocator Sinprogress=false marts Chrome Imported From Sa. director o f factory overhead.co Cost Calculator Print...
ure akekssignmentSessionLocator Sinprogress=false marts Chrome Imported From Sa. director o f factory overhead.co Cost Calculator Print om Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials com Classification a. Automobile engine bile engine Factory overhead cost b. Brake pads c. Depreciation of robotic assembly line equipment Factory overhead cost d. Glass for front and rear windshields Direct materials cost e. Safety helmets and masks...
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...
Below are some of Toyota’s (an automotive manufacturer) costs to manufacture a car: I. Depreciation of...
Below are some of Toyota’s (an automotive manufacturer) costs to manufacture a car: I. Depreciation of robotic assembly line equipment II. Automobile engine III. Steering wheel IV. Wages of assembly line worker V. Sales persons salary VI. Assembly line supervisor Classify the costs above by direct materials, direct labor and manufacturing overhead (note: not all the costs may fall into these three categories). Direct Labor IV - Direct Materials II - Manufacturing Overhead I, III, VI Direct Labor IV, V...
EX 15-2 Classifying Costs as Materials, Labor, or Factory Overhead Obj. 2 Indicate whether the following...
EX 15-2 Classifying Costs as Materials, Labor, or Factory Overhead Obj. 2 Indicate whether the following costs of Procter & Gamble (PG), a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: a. Depreciation on assembly line equipment in the Mehoopany, Pennsylvania, paper products plant b. Licensing payments for use of Disney characters on children products c. Maintenance supplies d. Packaging materials e. Paper used in bath tissue f. Plant manager...
Classifying Costs The following is a list of costs that were incurred in the production and...
Classifying Costs The following is a list of costs that were incurred in the production and sale of lawn mowers. Classify each of the costs as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Costs Classification a. Attorney fees for drafting a new lease for headquarter offices b....
EX 1-3) - Classifying costs as factory overhead OBJ. 2 Which of the following items are...
EX 1-3) - Classifying costs as factory overhead OBJ. 2 Which of the following items are properly classified as part of factory overhead for Ford Motor Company, a maker of heavy automobiles and trucks? a. Plant manager's salary at Buffalo, New York, stamping plant, which manufactures auto and truck subassemblies b. Depreciation on Flat Rock, Michigan, assembly plant c. Dividends paid to shareholders d. Machine lubricant used to maintain the assembly line at the Louisville, Kentucky, assembly plant e. Leather...
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...
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct labor cost, or factory overhead cost Cost a. Wheels b. Glass used in the vehicle's windshield c. Wages of assembly line worker d. V8 automobile engine e. Depreciation of robotic assembly line equipment f. Steering wheel g. Painting safety masks for employees working in the paint room h. Salary of test driver Classification
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following costs of an automobile manufacturer would be classified materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Wheels b. Glass used in the vehicle's windshield c. Wages of assembly line worker d. V8 automobile engine e. Depreciation of robotic assembly line equipment f. Steering wheel g. Painting safety masks for employees working in the paint room h. Salary of test driver
15-4f Exercises EX 15-1 Classifying Costs as Materials, Labor, or Factory Overhead Obj. 2 Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct labor cost, or factory overhead cost: a. Automobile engine b. Brake pads c. Depreciation of robotic assembly line equipment d. Glass for front and rear windshields e. Safety helmets and masks for assembly line workers f. Salary of quality control inspector g. Steering wheel h. Tires 1....
ure akekssignmentSessionLocator Sinprogress=false marts Chrome Imported From Sa. director o f factory overhead.co Cost Calculator Print om Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials com Classification a. Automobile engine bile engine Factory overhead cost b. Brake pads c. Depreciation of robotic assembly line equipment Factory overhead cost d. Glass for front and rear windshields Direct materials cost e. Safety helmets and masks...
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...
EX 15-2 Classifying Costs as Materials, Labor, or Factory Overhead Obj. 2 Indicate whether the following costs of Procter & Gamble (PG), a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: a. Depreciation on assembly line equipment in the Mehoopany, Pennsylvania, paper products plant b. Licensing payments for use of Disney characters on children products c. Maintenance supplies d. Packaging materials e. Paper used in bath tissue f. Plant manager...
Classifying Costs The following is a list of costs that were incurred in the production and sale of lawn mowers. Classify each of the costs as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Costs Classification a. Attorney fees for drafting a new lease for headquarter offices b....
EX 1-3) - Classifying costs as factory overhead OBJ. 2 Which of the following items are properly classified as part of factory overhead for Ford Motor Company, a maker of heavy automobiles and trucks? a. Plant manager's salary at Buffalo, New York, stamping plant, which manufactures auto and truck subassemblies b. Depreciation on Flat Rock, Michigan, assembly plant c. Dividends paid to shareholders d. Machine lubricant used to maintain the assembly line at the Louisville, Kentucky, assembly plant e. Leather...
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...
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