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Homework Answers
| 1. The Cost of a hard drive installed in a computer | |||||||||
| Answer: Direct Material Cost. | |||||||||
| 2. The cost of advertising in the Puget Sound Computer User newspaper | |||||||||
| Answer: Selling Cost | |||||||||
| 3. The wages of employees who assemble computers from components | |||||||||
| Answer: Direct Labor Cost | |||||||||
| 4. Sales commission paid to the company’s sales people | |||||||||
| Answer: Selling Cost | |||||||||
| 5. The salary of the assembly shop's supervisor. | |||||||||
| Answer: Administrative Cost | |||||||||
| 6. The salary of the company's accountant | |||||||||
| Answer: Administrative Cost | |||||||||
| 7. Depreciation on equipment used to test assembled computers before release to customers. | |||||||||
| Answer: Manufacturing overhead cost | |||||||||
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Exercise 1-2 Classifying Manufacturing Costs (L01-2] The PC Works assembles custom computers from components supplied by...
Exercise 1-2 Classifying Manufacturing Costs [LO1-2] The PC Works a assembles custom computers from components supplied...
Exercise 1-2 Classifying Manufacturing Costs [LO1-2] The PC Works a assembles custom computers from components supplied by various manufacturers. The company is very small and its il sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company Required: For each cost, Indicate an administrative cost whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or The cost...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1.The cost of a hard drive...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost 1.The cost of a hard drive...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1.The cost of a hard drive...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1.The cost of a hard drive...
Please help with classifying questions below 1-1 1-2 The PC Works assembles custom computers from components...
Please help with classifying questions below
1-1
1-2
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling. or an...
Exercise 14-5 Classifying manufacturing costs LO C2 Selected costs related to Apple's iPhone are listed below....
Exercise 14-5 Classifying manufacturing costs LO C2 Selected costs related to Apple's iPhone are listed below. Identify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and administrative expenses by selecting the appropriate dropdowns. 1. Quality control supervisor salary 2. Uniforms provided for each factory worker 3. Depreciation on office equipment 4. Display screen 5. Camera 6. Advertising campaigns Maintenance of assembly equipment 8. Wages for retail store worker
Write the letters "a" to "h" down the left hand column of your answer book. For...
Write the letters "a" to "h" down the left hand column of your answer book. For each of the costs listed below, indicate whether it would most likely be classified as direct materials (DM), direct labour (DL), manufacturing overhead (OH), selling, or an administrative (Admin) cost. Write the word or abbreviation beside each letter in your answer book. a. b. c. d. The cost of a hard drive installed in a computer. The cost of advertising in the Canterbury Computer...
The Foundational 15 (L01-1, L01-2, L01-3, L01-4, L01-5, LO1-6] (The following information applies to the questions...
The Foundational 15 (L01-1, L01-2, L01-3, L01-4, L01-5, LO1-6] (The following information applies to the questions displayed below) Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units. its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales comissions Variable administrative expense Average Cost per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 es Foundational...
Required: Consider the costs below for a company who manufactures cars and select whether the particular...
Required: Consider the costs below for a company who manufactures cars and select whether the particular cost would most likely be direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1. The cost of seats installed in a car O Direct labor cost O Direct materials cost O Manufacturing overhead cost O Selling cost O Administrative cost 2. The cost of advertising on facebook. O Direct labor cost Direct materials cost O Manufacturing overhead cost Selling cost O...
Exercise 1-2 Classifying Manufacturing Costs [LO1-2] The PC Works a assembles custom computers from components supplied by various manufacturers. The company is very small and its il sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company Required: For each cost, Indicate an administrative cost whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or The cost...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1.The cost of a hard drive...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost 1.The cost of a hard drive...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1.The cost of a hard drive...
Please help with classifying questions below
1-1
1-2
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling. or an...
Exercise 14-5 Classifying manufacturing costs LO C2 Selected costs related to Apple's iPhone are listed below. Identify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and administrative expenses by selecting the appropriate dropdowns. 1. Quality control supervisor salary 2. Uniforms provided for each factory worker 3. Depreciation on office equipment 4. Display screen 5. Camera 6. Advertising campaigns Maintenance of assembly equipment 8. Wages for retail store worker
Write the letters "a" to "h" down the left hand column of your answer book. For each of the costs listed below, indicate whether it would most likely be classified as direct materials (DM), direct labour (DL), manufacturing overhead (OH), selling, or an administrative (Admin) cost. Write the word or abbreviation beside each letter in your answer book. a. b. c. d. The cost of a hard drive installed in a computer. The cost of advertising in the Canterbury Computer...
The Foundational 15 (L01-1, L01-2, L01-3, L01-4, L01-5, LO1-6] (The following information applies to the questions displayed below) Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units. its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales comissions Variable administrative expense Average Cost per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 es Foundational...
Required: Consider the costs below for a company who manufactures cars and select whether the particular cost would most likely be direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1. The cost of seats installed in a car O Direct labor cost O Direct materials cost O Manufacturing overhead cost O Selling cost O Administrative cost 2. The cost of advertising on facebook. O Direct labor cost Direct materials cost O Manufacturing overhead cost Selling cost O...
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