Homework Answers
Correct answer---------(A) $29,000.
.
All costs other than factory cost are considered as period cost.
Direct material, direct labor (line worker wages) and overheads (indirect material etc) are factory costs.
Period cost include general selling and administrative expenses.
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Castillo Corporation, a manufacturer, reports costs for the year as follows: Direct Materials Used Wages to...
Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers...
Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used $775.000 275.000 39,000 330,000 How much is the total product costs for the year? O A $1.050.000 OB. $1.419.000 OC. $330.000 OD. $1,380,000
Kyanite Corporation, a manufacturer, reports costs for the year as follows: Direct Materials Used ＄765, 000...
Kyanite Corporation, a manufacturer, reports costs for the year as follows: Direct Materials Used ＄765, 000 Wages to Line Workers ＄575, 000 Office Rent ＄ 25, 000 Indirect Materials Used ＄510, 000 How much is the total period costs for Kyanite? A. $510, 000 OB. $25, 000 C. $765, 000 D. $575, 000
Ramirez Company reports the following costs for the year: Direct Materials Used $ 180,000 Direct Labor...
Ramirez Company reports the following costs for the year: Direct Materials Used $ 180,000 Direct Labor Incurred Manufacturing Overhead Incurred Selling and Administrative Expenses How much are Ramirez's period costs? 190,000 75,000 195,000 O A. $370,000 O B. $195,000 OC. $270,000 OD. $445,000
Benson Corporation reported the following costs for the period: $120,000 Materials used to manufacture product Wages...
Benson Corporation reported the following costs for the period: $120,000 Materials used to manufacture product Wages for assembly line workers $62,800 $14.000 Property taxes for factory $16,000 Rent & utilities for administrative office Salary fui factory manager $8,400 CEO's salary $12,000 $11,200 Depreciation on delivery equipment What is the total amount of Benson's product costs for the period? Click to select your answer.
ignore the answer i put Benson Corporation reported the following costs for the period: Materials used...
ignore the answer i put
Benson Corporation reported the following costs for the period: Materials used to manufacture product $120,000 Wages for assembly line workers $62,800 Property taxes for factory $14,000 Rent & utilities for administrative office $16,000 Salary for factory manager $8,400 CEO's salary $12,000 Depreciation on delivery equipment $11,200 What is the total amount of Benson's product costs for the period? O A. $91,100 OB. $205,200 OC. $216,400 OD. $196,400
34) Kyanite Corporation, a mamufacturer reports costs for 2015 as follews w Materi Wages to Line...
34) Kyanite Corporation, a mamufacturer reports costs for 2015 as follews w Materi Wages to Line Workers Indirect Materials How much is the total period costs of Kyanite? A) $39,000 B)$30,000 35) Which of the following correctly describes the accounting for indizrect labor cost? C) $80,000 D)??4,000 A) Indirect labor costs are product costs and are expensed when the manufactured product is sold. B) Indirect labor costs are product costs and are expensed as incurned. C) Indirect labor costs are...
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or...
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or period costs. (b) Explain the basic difference in accounting for product costs and period costs. ect labor, manufacturing over- $69,100 46,400 E14.4 Knight Company reports the following costs and expenses in May. Factory utilities $ 15,500 Direct labor Depreciation on factory Sales salaries equipment 12,650 Property taxes on factory Depreciation on delivery trucks 3,800 building Indirect factory labor 48,900 Repairs to office equipment Indirect...
The Darwin Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect...
The Darwin Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor $76,500 7,30 4,700 5,900 actory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials 4,2 1,20 15,600 Period costs are a. $29,200 b. $24,500 c. $30,300 d. $35,000
The Darwin Company reports the following information: $76,500 Sales Direct materials used Depreciation on factory equipment...
The Darwin Company reports the following information: $76,500 Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor actory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials 4,700 5,900 10,500 4,20 1,20 15,600 8,900 1,20 Period costs are a. $29,200 b. $24,500 c. $30,300 d. $35,000
Williams Company reports production costs for 2012 as follows: Direct materials used $375,000 Direct labor incurred...
Williams Company reports production costs for 2012 as follows: Direct materials used $375,000 Direct labor incurred 250,000 Factory overhead incurred 400,000 Operating expenses 145,000 Williams Company's period costs for 2012 amount to: $375,000 $250,000 $400,000 $145,000
Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used $775.000 275.000 39,000 330,000 How much is the total product costs for the year? O A $1.050.000 OB. $1.419.000 OC. $330.000 OD. $1,380,000
Ramirez Company reports the following costs for the year: Direct Materials Used $ 180,000 Direct Labor Incurred Manufacturing Overhead Incurred Selling and Administrative Expenses How much are Ramirez's period costs? 190,000 75,000 195,000 O A. $370,000 O B. $195,000 OC. $270,000 OD. $445,000
Benson Corporation reported the following costs for the period: $120,000 Materials used to manufacture product Wages for assembly line workers $62,800 $14.000 Property taxes for factory $16,000 Rent & utilities for administrative office Salary fui factory manager $8,400 CEO's salary $12,000 $11,200 Depreciation on delivery equipment What is the total amount of Benson's product costs for the period? Click to select your answer.
ignore the answer i put
Benson Corporation reported the following costs for the period: Materials used to manufacture product $120,000 Wages for assembly line workers $62,800 Property taxes for factory $14,000 Rent & utilities for administrative office $16,000 Salary for factory manager $8,400 CEO's salary $12,000 Depreciation on delivery equipment $11,200 What is the total amount of Benson's product costs for the period? O A. $91,100 OB. $205,200 OC. $216,400 OD. $196,400
34) Kyanite Corporation, a mamufacturer reports costs for 2015 as follews w Materi Wages to Line Workers Indirect Materials How much is the total period costs of Kyanite? A) $39,000 B)$30,000 35) Which of the following correctly describes the accounting for indizrect labor cost? C) $80,000 D)??4,000 A) Indirect labor costs are product costs and are expensed when the manufactured product is sold. B) Indirect labor costs are product costs and are expensed as incurned. C) Indirect labor costs are...
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or period costs. (b) Explain the basic difference in accounting for product costs and period costs. ect labor, manufacturing over- $69,100 46,400 E14.4 Knight Company reports the following costs and expenses in May. Factory utilities $ 15,500 Direct labor Depreciation on factory Sales salaries equipment 12,650 Property taxes on factory Depreciation on delivery trucks 3,800 building Indirect factory labor 48,900 Repairs to office equipment Indirect...
The Darwin Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor $76,500 7,30 4,700 5,900 actory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials 4,2 1,20 15,600 Period costs are a. $29,200 b. $24,500 c. $30,300 d. $35,000
The Darwin Company reports the following information: $76,500 Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor actory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials 4,700 5,900 10,500 4,20 1,20 15,600 8,900 1,20 Period costs are a. $29,200 b. $24,500 c. $30,300 d. $35,000
Williams Company reports production costs for 2012 as follows: Direct materials used $375,000 Direct labor incurred 250,000 Factory overhead incurred 400,000 Operating expenses 145,000 Williams Company's period costs for 2012 amount to: $375,000 $250,000 $400,000 $145,000
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