Homework Answers
Add Answer to:
Identifying product and period costs Required Indicate whether each of the following costs is a product...
D. $0.40 Example 45: Classify each of the following as either period or product. If a...
D. $0.40 Example 45: Classify each of the following as either period or product. If a cost is a period cost, indicate whether it would be a selling or an administrative cost. If a cost is a product cost, indicate whether it is direct or indirect. Item Period Cost Product Cost Selling Administrative Direct Indirect Rent on a sales office Direct materials Sales commissions Rent on a factory building Secretarial salaries for the sales force Assembly line worker wages Product...
Classify each cost as either a product cost or a period cost. Indicate whether each product...
Classify each cost 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 headquarters offices. b. Cash paid to outside firm for janitorial services for factory. c. Commissions paid to sales representatives, based on the number of ATVs...
Classifying Costs as Product or Period Costs inmentSessionLocator=&inprogress=fals For apparel manufacturer Abercrombie & Fitch, Inc. (ANF),...
Classifying Costs as Product or Period Costs inmentSessionLocator=&inprogress=fals For apparel manufacturer Abercrombie & Fitch, Inc. (ANF), dassify each of the following costs as eithe Item Classification a. Advertising expenses b. Chief Financial officer's salary c. Depreciation on office equipment d. Depreciation on sewing machines e. Fabric used during production f. Factory janitorial supplies 9. Factory supervisors' salaries h. Property taxes on factory building and equipment i. oil used to lubricate sewing machines j. Repairs and maintenance costs for sewing machines...
Instructions Classify each cost as either a product cost or a period cost. Indicate whether each...
Instructions Classify each cost as either a product cost or a period cost. Indicate whether each ne cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate each period cost is a selling expense or an administrative expense. Use the followin headings for your answer, placing an "X" in the appropriate column: whether g tabula Period Costs Product Costs Direct Cost Direct Factory Materials Labor Overhead Selling Expense Administrative Expense Cost Cost Cost PR...
ach of the following, indicate whether the transaction involves a product (PR) or period (PD) cost....
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...
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it...
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing (Product) Cost Cost Item Variable or Fixed Se Administrative...
Identify each of the following costs as either a product cost or a period cost. Period...
Identify each of the following costs as either a product cost or a period cost. Period cost 1. Production manager's salary 2. Administrative expenses 3. Income tax expense 4. Office supplies used 5. Accident insurance-Factory workers 6. Factory utilities 7. Factory maintenance 8. Sales commissions Period cost Product cost Product cost (Product cost Period cost Identify each of the following costs as either direct materials, direct labor, or factory overhead. The company manufactures ten Direct labor 1. Wages paid to...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs:...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs: 1. classify the each cost item as either product or period costs, and 2. identify whether the costs should be categorized as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), selling (S), or general & administrative (GA). BRIDGEPORT MANUFACTURING COSTS Requirement (1) Requirement (2) Direct materials (DM), Direct labor (DL), Manufacturing Product or Period Overhead (MOH). costs Selling (S), or General & Administrative...
For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as either a...
For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as either a product cost or a period cost: A. Research and development costs B. Depreciation on sewing machines C. Fabric used during production D. Depreciation on office equipment E. Advertising expenses F. Repairs and maintenance costs for sewing machines G. Salary of production quality control supervisor H. Utility costs for office building I. Sales commissions J. Salaries of distribution center personnel K. Wages of sewing machine...
Classify the following costs of a book publisher as product or period. Product costs should be...
Classify the following costs of a book publisher as product or period. Product costs should be further classified as prime or conversion. Product or period Prime or conversion a. Costs of rolls of blank paper b. Cost of cardboard displays for bookstores c. wages of accounting clerks that process production payroll d. utility costs at the printing facility. e. salary or pressroom supervisor. f. shipping charges for carbon black inks to be used. g. cost of temporary workers hired for...
D. $0.40 Example 45: Classify each of the following as either period or product. If a cost is a period cost, indicate whether it would be a selling or an administrative cost. If a cost is a product cost, indicate whether it is direct or indirect. Item Period Cost Product Cost Selling Administrative Direct Indirect Rent on a sales office Direct materials Sales commissions Rent on a factory building Secretarial salaries for the sales force Assembly line worker wages Product...
Classifying Costs as Product or Period Costs inmentSessionLocator=&inprogress=fals For apparel manufacturer Abercrombie & Fitch, Inc. (ANF), dassify each of the following costs as eithe Item Classification a. Advertising expenses b. Chief Financial officer's salary c. Depreciation on office equipment d. Depreciation on sewing machines e. Fabric used during production f. Factory janitorial supplies 9. Factory supervisors' salaries h. Property taxes on factory building and equipment i. oil used to lubricate sewing machines j. Repairs and maintenance costs for sewing machines...
Instructions Classify each cost as either a product cost or a period cost. Indicate whether each ne cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate each period cost is a selling expense or an administrative expense. Use the followin headings for your answer, placing an "X" in the appropriate column: whether g tabula Period Costs Product Costs Direct Cost Direct Factory Materials Labor Overhead Selling Expense Administrative Expense Cost Cost Cost PR...
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...
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing (Product) Cost Cost Item Variable or Fixed Se Administrative...
Identify each of the following costs as either a product cost or a period cost. Period cost 1. Production manager's salary 2. Administrative expenses 3. Income tax expense 4. Office supplies used 5. Accident insurance-Factory workers 6. Factory utilities 7. Factory maintenance 8. Sales commissions Period cost Product cost Product cost (Product cost Period cost Identify each of the following costs as either direct materials, direct labor, or factory overhead. The company manufactures ten Direct labor 1. Wages paid to...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs: 1. classify the each cost item as either product or period costs, and 2. identify whether the costs should be categorized as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), selling (S), or general & administrative (GA). BRIDGEPORT MANUFACTURING COSTS Requirement (1) Requirement (2) Direct materials (DM), Direct labor (DL), Manufacturing Product or Period Overhead (MOH). costs Selling (S), or General & Administrative...
Most questions answered within 3 hours.
-
Consider the log logistic CDF F(t)=1/(1+(t/α)-β)
Find f(t), S(t), h(t), and H(t).
It can be shown...
asked 15 seconds ago -
A gaseous mixture of methane and water vapor at
atmospheric pressure and 500 ° C is...
asked 13 minutes ago -
QUESTION 11
The Stark Laws (Physician Self-Referral Laws) were passed to
prevent providers from referring Medicare...
asked 6 minutes ago -
Malnutrition is prevalent in underdeveloped countries and
measures should be taken to rectify the situation.
Read...
asked 3 minutes ago -
You have just received a large cut from a kitchen knife. Over
the following week, you...
asked 22 minutes ago -
suppose you are a new board member for an emerging
not-for-profit organization hoping to attract new...
asked 20 minutes ago -
1.What is a transcultural leader?
2.What makes a good transcultural leader?
3.The world is becoming smaller...
asked 20 minutes ago -
Among 100 engineering students, 15 are chemical engineering
majors, 60 are undergraduates, and 5 are undergraduates...
asked 1 hour ago -
On September 3, 2018, the Robers Company exchanged equipment
with Phifer Corporation. The facts of the...
asked 52 minutes ago -
Which one of the following statements about photophosphorylation
is false?
Question 3 options:
It can be...
asked 53 minutes ago -
In (Figure 1), the total resistance is 10.0 kΩ , and the
battery's emf is 22.0...
asked 1 hour ago -
Prepare a series of 50 mL quinine standard solutions (10, 1.0,
0.10, 0.010, 0.0010μg/mL) by serial...
asked 1 hour ago