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MATCHING Identify the costs as one of the following categories: Direct labor Direct materials Factory overhead...
salesmen commissions direct labor president's salary factory overhead factory depreciation direct materials maintenance supplies j not...
salesmen commissions direct labor president's salary factory overhead factory depreciation direct materials maintenance supplies j not a product cost machine operator plastic parts factory supervisor's salary
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...
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory...
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory maintenance Marketing research Factory rent Sales salaries Factory insurance $60,700 14,300 20,300 30,000 45,900 47,900 50,000 63,400 X Company estimates that direct labor hours for the year will be 1,100, and machines will be operated for 68,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? 11.3
Classifying Costs The following is a list of costs incurred by several business Classify each of...
Classifying Costs The following is a list of costs incurred by several business Classify each of the following costs as product costs or period costs. 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. Cost of fabric used by dothing manufacturer b. Maintenance and repair costs for factory equipment c. Rent for a warehouse...
PA14 Classifying Costs, Calculating Total Costs; Identifying Impact of Misclassification [LO 1-4] Your friend, Suzie Whitson,...
PA14 Classifying Costs, Calculating Total Costs; Identifying Impact of Misclassification [LO 1-4] Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow Factory re Comparry advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory...
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for...
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,140 1,070 31,000 2,180 580 870 3,520 135 5,040 4,170 225 1,210 1,100 2,130 8,200 2. Determine the total cost for each of the following: a. Direct Materials b. Direct Labor Manufacturing Overhead d. Prime Cost e. Conversion Cost f. Total...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters 3,500 150 5,090 4,060 270 1,220 1,060 2,080 7,750 2. Determine the total cost for each of the following: b. Direct Materials Direct Labor Manufacturing Overhead Prime Cost d. Conversion Cost Total Product Cost
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Asserribly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory...
determine period or product cost if a product cost which type direct labor, direct materials, or...
determine period or product cost
if
a product cost which type direct labor, direct materials, or
factory overhead
Commissions to sales representatives Period Cost Payroll department salaries Select One Maintenance of factory equipment Select One VP of Manufacturing salary Select One Accounting department office supplies Select One Factory rent Select One Factory utilities Select One Wages of assembly line workers Select One Factory janitorial services Select One Factory supplies Select One Leather for bicycle seats Select One Depreciation of office...
salesmen commissions direct labor president's salary factory overhead factory depreciation direct materials maintenance supplies j not a product cost machine operator plastic parts factory supervisor's salary
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...
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory maintenance Marketing research Factory rent Sales salaries Factory insurance $60,700 14,300 20,300 30,000 45,900 47,900 50,000 63,400 X Company estimates that direct labor hours for the year will be 1,100, and machines will be operated for 68,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? 11.3
Classifying Costs The following is a list of costs incurred by several business Classify each of the following costs as product costs or period costs. 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. Cost of fabric used by dothing manufacturer b. Maintenance and repair costs for factory equipment c. Rent for a warehouse...
PA14 Classifying Costs, Calculating Total Costs; Identifying Impact of Misclassification [LO 1-4] Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow Factory re Comparry advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory...
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,140 1,070 31,000 2,180 580 870 3,520 135 5,040 4,170 225 1,210 1,100 2,130 8,200 2. Determine the total cost for each of the following: a. Direct Materials b. Direct Labor Manufacturing Overhead d. Prime Cost e. Conversion Cost f. Total...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters 3,500 150 5,090 4,060 270 1,220 1,060 2,080 7,750 2. Determine the total cost for each of the following: b. Direct Materials Direct Labor Manufacturing Overhead Prime Cost d. Conversion Cost Total Product Cost
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Asserribly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory...
determine period or product cost
if
a product cost which type direct labor, direct materials, or
factory overhead
Commissions to sales representatives Period Cost Payroll department salaries Select One Maintenance of factory equipment Select One VP of Manufacturing salary Select One Accounting department office supplies Select One Factory rent Select One Factory utilities Select One Wages of assembly line workers Select One Factory janitorial services Select One Factory supplies Select One Leather for bicycle seats Select One Depreciation of office...
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