Homework Answers
| Product or period | Variable, Fixed or mixed | Direct or indirect | |
| Staff Auditor Salaries | Product | Mixed | Direct |
| Receptionist Salary | Period | Fixed | Indirect |
| Depreciation on staff auditor laptop computera | Period | Fixed | Indirect |
| Health Insurance for administrative staff | Period | Fixed | Indirect |
| Subscription to cloud backup service for project files | Product | Fixed | Direct |
| Office lease expenses | Period | Fixed | Indirect |
| Travel to client Location | Product | Variable | Direct |
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Cost Classification Classify each of the following costs relative to the cost object "Client project" for...
E2-01A.Stat Question 1 Not complete Marked out of 21.00 P Flag question Cost Classification Classify each...
E2-01A.Stat Question 1 Not complete Marked out of 21.00 P Flag question Cost Classification Classify each of the following costs relative to the cost object "client project" for a CPA firm that specializes in audit: Variable, Product or Fixed, or Director Period Mixed Indirect Staff auditor salaries Receptionist salary Depreciation on staff auditor laptop computers Health insurance for administrative staff Subscription to cloud backup service for project files Office lease expense Travel to client location e 1 (4) ► <<...
EXEM fication Classify each of the following costs relative to the cost obiect patient" for a...
EXEM fication Classify each of the following costs relative to the cost obiect patient" for a medi- F15-1B. Cost Classifi cal office: Product or Period Variable, Fixed, or Mixed Director Indirect . .. . Nurse salaries.. Receptionist salary Depreciation on exam room computers . . . . . Health insurance for administrative staff Subscription to patient management software service.. Office lease expense Gloves, swabs, and other medical supplies .......
Cost Classification Classify each of the following costs relative to the cost object “customer” for a...
Cost Classification Classify each of the following costs relative to the cost object “customer” for a clothing retailer: Product or Period Variable, Fixed, or Mixed Direct or Indirect Salesperson wages Answer Answer Answer Store manager salary Answer Answer Answer Depreciation on furniture and fixtures Answer Answer Answer Cost of merchandise Answer Answer Answer Online advertising Answer Answer Answer Cost of discount coupon Answer Answer Answer Store lease expense Answer Answer Answer
Cost Classification Loring Company incurred the following costs last year: Costs Amounts Direct materials $211,000 Factory...
Cost Classification Loring Company incurred the following costs last year: Costs Amounts Direct materials $211,000 Factory rent 21,000 Direct labor 120,000 Factory utilities 6,300 Supervision in the factory 55,000 Indirect labor in the factory 38,000 Depreciation on factory equipment 8,500 Sales commissions 33,000 Sales salaries 72,000 Advertising 35,000 Depreciation on the headquarters building 10,200 Salary of the corporate receptionist 27,000 Other administrative costs 183,000 Salary of the factory receptionist 29,000 Required: 1. Classify each of the costs using the table...
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 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...
S2-4 Classify costs as direct or indirect (Learning Objective 3) Classify each of the following costs...
S2-4 Classify costs as direct or indirect (Learning Objective 3) Classify each of the following costs as a direct cost or an indirect cost, assuming that the cost object is the Juniors Department (clothing and accessories for teenage and young women) in the Stow Kohl's department store. (Kohl's is a chain of department stores and has stores located across the United States.) a. Juniors Department sales clerks b. Cost of Juniors clothing c. Cost of hangers used to display the...
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 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...
.Providing bookkeeping services to an audit client 5-18 (Objectives 5-5, 5-6) Each of the following situations...
.Providing bookkeeping services to an audit client 5-18 (Objectives 5-5, 5-6) Each of the following situations involves a possible violation of the IESBA's Code of Ethics, For each situation, state the fundamental principle related the situation and whether it is a violation. a. Fadl Shaker is a CPA, but not a partner, with three years of professional experience with Shaker & Shaker, CPAS. He owns 25 shares of stock in an audit client of the firm, but he does not...
E2-01A.Stat Question 1 Not complete Marked out of 21.00 P Flag question Cost Classification Classify each of the following costs relative to the cost object "client project" for a CPA firm that specializes in audit: Variable, Product or Fixed, or Director Period Mixed Indirect Staff auditor salaries Receptionist salary Depreciation on staff auditor laptop computers Health insurance for administrative staff Subscription to cloud backup service for project files Office lease expense Travel to client location e 1 (4) ► <<...
EXEM fication Classify each of the following costs relative to the cost obiect patient" for a medi- F15-1B. Cost Classifi cal office: Product or Period Variable, Fixed, or Mixed Director Indirect . .. . Nurse salaries.. Receptionist salary Depreciation on exam room computers . . . . . Health insurance for administrative staff Subscription to patient management software service.. Office lease expense Gloves, swabs, and other medical supplies .......
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 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...
S2-4 Classify costs as direct or indirect (Learning Objective 3) Classify each of the following costs as a direct cost or an indirect cost, assuming that the cost object is the Juniors Department (clothing and accessories for teenage and young women) in the Stow Kohl's department store. (Kohl's is a chain of department stores and has stores located across the United States.) a. Juniors Department sales clerks b. Cost of Juniors clothing c. Cost of hangers used to display the...
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 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...
.Providing bookkeeping services to an audit client 5-18 (Objectives 5-5, 5-6) Each of the following situations involves a possible violation of the IESBA's Code of Ethics, For each situation, state the fundamental principle related the situation and whether it is a violation. a. Fadl Shaker is a CPA, but not a partner, with three years of professional experience with Shaker & Shaker, CPAS. He owns 25 shares of stock in an audit client of the firm, but he does not...
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