Question

ach of the following, indicate whether the transaction involves a product (PR) or period (PD) cost. Then indicate whether the cost is DM, DL, or OH. Transaction Product or DM, DL or Period OH 1. $3,400 paid as monthly salary for the cost accountant in an internet marketing firm. 2. Purchased $12,000 of raw materials on account. Materials to be used to manufacture dresses. 3. Paid production supervisor's salary of $4,000 in a toy manufacturing firm. 4. A retail firm pays $6,000 for advertising of a winter sales extravaganza. 5. A manufacturing firm records annual depreciation on factory equipment of $7,000. 6. A restaurant incurred $1,700 in electricity costs to operate its stove and other cooking equipment 7. Jerry's Dairy pays $2,200 to purchase cartons from a supplier. 8. Jerry's Dairy paid $1,000 for the administrative secretary's salary. 9. Loudder Meat Production paid $3,500 for butchers' salaries. 10. Loudder Meat Production records $1,500 depreciation for equipment used in the corporate office. 11. A computer manufacturer sells computers that cost them $45,000 to manufacture. 12. Paid $1,100 for property taxes on manufacturing plant of plastics manufacturer. 13. On December 1, 1996, paid $12,000 for insurance on corporate headquarters, building and equipment of a plastic manufacturing firm.

Answer 1

oM, OL OR Brocduct fon'oole wouthly Salony |$ 3400 parel for the Cost acecoun don t in qu n tmet Pen'oclk DL morlubing from. | furchase $ 18000 f Rm on account Precluct Cot DM olre sses Materitels nseed to Monyfachme 3 faiel produchion Suponísors Salong Ponade Cost of d4000 în a tay wouufachinng DL Mcnu A Retail from pays $ 6000 for Pariocle achorksing whter Sales extiaveganga cast l menufachming trm reconds anual clepreeia hon on Porioele fackry equipments of $ 7000, 6A Resteurent incurrd $1700 elechtcikg Gost to openade sküu crel okr Cookiy equpment. OH Cost Pentocle Cost Preduck DM Purchese Coohõon from Supphier Jerg's biany pys tio00 for Cost Penoele dunbay Salong cost cs canned defiunithabne CamScanner

Loudder meat proeluchon pard $357o0 for bukcheri Selbry Pey'oole Cost hondeler meat produchon records $ 1500 deprecrahon for equipment used foriocds in Corporate offre A. Camputer monyorhurer Sels Computer that losh Hhem $4500 to 'monmfachire 12 Paiel $ 1,100 for properký fesces Manufachinty plant of påske manyfada cost 13 on Dee -) 1996, paid $ 12000 for Ed. Iniuwonce un CS Sbuitedriiand equipments 10 Cost Prodnet DM Cost Pariocle bop- hondguaters, oH Cost CamScander