Homework Answers
| Sl No | ITEMS | TYPE OF COST |
| 1 | Lifesaving Supplies | Direct Cost |
| 2 | Salaries of sunshine managers | Indirect Cost |
| 3 | Pool Chemicals | Direct Cost |
| 4 | Sunshine office rental expenses | Indirect Cost |
| 5 | Wages of lifeguards | Direct Cost |
| 6 | Workers compensation insurance | Indirect Cost |
| 7 | Training for lifeguards | Indirect Cost |
| 8 | Ph testing supplies | Direct Cost |
| 9 | Office expenses including bookkeeping and clerical | Indirect Cost |
| 10 | Depreciation on cleaning and testing equipment | Indirect Cost |
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Check my work Exercise 3-36 Classification of Costs [LO 3-2) The following is a list of...
Jordan Sports Inc. has labor costs and overhead totaling $2.6 million during a given period. The...
Jordan Sports Inc. has labor costs and overhead totaling $2.6 million during a given period. The company purchased $10.5 million of materials during the period and used $10 million of this amount. What is the amount of total manufacturing cost for the period? (Enter your answer in millions rounded to 1 decimal place.) Total manufacturing cost million The Walden Manufacturing Corp. has office support salaries of $4,000, factory supplies of $1,000, indirect labor of $6,000, direct materials of $16,000, advertising...
nect HW Saved Help Save & Exit Check my Exercise 14-6 Cost classification LO C3 Tesla,...
nect HW Saved Help Save & Exit Check my Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no...
Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify...
Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no cell blank if there is no effect select "NA...
Exercise 14-6 Cost classification LO C3 Georgia Pacific, a manufacturer, incurs the following costs. (1) Classify...
Exercise 14-6 Cost classification LO C3 Georgia Pacific, a manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. Cost by Traceability Period or Product Direct material, Direct labor, or...
Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer...
Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdowns. Product Cost Variable or Fixed Direct or Indirect 1. Factory rent 2. Needles used in stitching soccer balls 3.Leather covers for soccer balls 4. Annual flat fee paid for office security 5.Coolants for machinery 6. Wages of assembly workers 7. Thread to...
Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer...
Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdowns. Variable or Fixed Direct or Indirect Product Cost 1. Factory rent 2. Needles used in stitching soccer balls 3. Leather covers for soccer balls 4. Annual flat fee paid for office security 5. Coolants for machinery 6. Wages of assembly workers 7....
Exercise 18-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify...
Exercise 18-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object (Leave no cell blank if there is no effect select "NA...
Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify...
Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no cell blank if there is no effect select "NA...
Chapter 1 Homework Seved Help Save & Exit Submit Check my work 8 Problem 1-2A Classifying...
Chapter 1 Homework Seved Help Save & Exit Submit Check my work 8 Problem 1-2A Classifying costs LO C2, C3 The following calendar year-end Information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company 4 points cock Print Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Pactory supplies used Factory utilities Indirect Miscellaneous production costs office salaries expense Raw materials purchases. Rent expense-office space Rent expense-selling space Maintenance...
Check my work Exercise 12-8A (Algo) Allocating costs among products LO 12-3 Jordan Construction Company expects...
Check my work Exercise 12-8A (Algo) Allocating costs among products LO 12-3 Jordan Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costa Direct labor Direct materials Home 1 $ 67,000 95,000 Home 2 $105,000 150,000 Home 3 $190,000 199.000 Assume Jordan needs to allocate two major overhead costs ($36,200 of employee fringe benefits and $17760 of indirect materials costs) among the three jobs. Required...
Jordan Sports Inc. has labor costs and overhead totaling $2.6 million during a given period. The company purchased $10.5 million of materials during the period and used $10 million of this amount. What is the amount of total manufacturing cost for the period? (Enter your answer in millions rounded to 1 decimal place.) Total manufacturing cost million The Walden Manufacturing Corp. has office support salaries of $4,000, factory supplies of $1,000, indirect labor of $6,000, direct materials of $16,000, advertising...
nect HW Saved Help Save & Exit Check my Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no...
Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no cell blank if there is no effect select "NA...
Exercise 14-6 Cost classification LO C3 Georgia Pacific, a manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. Cost by Traceability Period or Product Direct material, Direct labor, or...
Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdowns. Product Cost Variable or Fixed Direct or Indirect 1. Factory rent 2. Needles used in stitching soccer balls 3.Leather covers for soccer balls 4. Annual flat fee paid for office security 5.Coolants for machinery 6. Wages of assembly workers 7. Thread to...
Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdowns. Variable or Fixed Direct or Indirect Product Cost 1. Factory rent 2. Needles used in stitching soccer balls 3. Leather covers for soccer balls 4. Annual flat fee paid for office security 5. Coolants for machinery 6. Wages of assembly workers 7....
Exercise 18-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object (Leave no cell blank if there is no effect select "NA...
Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no cell blank if there is no effect select "NA...
Chapter 1 Homework Seved Help Save & Exit Submit Check my work 8 Problem 1-2A Classifying costs LO C2, C3 The following calendar year-end Information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company 4 points cock Print Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Pactory supplies used Factory utilities Indirect Miscellaneous production costs office salaries expense Raw materials purchases. Rent expense-office space Rent expense-selling space Maintenance...
Check my work Exercise 12-8A (Algo) Allocating costs among products LO 12-3 Jordan Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costa Direct labor Direct materials Home 1 $ 67,000 95,000 Home 2 $105,000 150,000 Home 3 $190,000 199.000 Assume Jordan needs to allocate two major overhead costs ($36,200 of employee fringe benefits and $17760 of indirect materials costs) among the three jobs. Required...
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