cost
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of direct costs for the golf equipment line is ________
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7. A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of...
7. A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of a direct cost for the golf equipment line is A) beverages provided daily in the plant break room for the entire staff B) monthly lease payments for a specialized piece of equipment needed to manufacture the golf driver C) salaries of the clerical staff that work in the company administrative offices D) overheads incurred in producing both golf and soccer equipment
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of indirect...
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of indirect cost for the soccer equipment line is the material used to manufacture the soccer studs salary paid to plant supervisor labor to shape the leather used to make the soccer ball material used to make the soccer balls
Tally Corp. sells software during the recruiting seasons. During the current year, 10,000 software packages were...
Tally Corp. sells software during the recruiting seasons. During the current year, 10,000 software packages were sold resulting in $470,000 of sales revenue, $130,000 of variable costs, and $48,000 of fixed costs.If sales increase by $80,000, operating income will increase by ________. (Round interim calculations to two decimal places and the final answer to the nearest whole dollar.) A.$48,000 B.$30,588 C.$57,872 D.$32,000 While−You−Train is a not−for−profit organization that aids the unemployed by supplementing their incomes by $7,000 annually, while they...
C a n that says resources should be spent the expected benefits to the company exceed...
C a n that says resources should be spent the expected benefits to the company exceed the expected A) cost-benefit approach C) different costs for different purposes Explanation B) balanced Scorecard D) behavioral and technical considerations 6) Cast assignment A) includes future and arbitrary costs B) is the same as cost accumulation C) is the difference between budgeted and actual costs D) associates accumulated costs with certain cost objects Explanation A) 7) Which of the following statements about the direct...
2-39 Income statement and schedule of cost of goods manufactured. The Howell Corporation has the following...
2-39 Income statement and schedule of cost of goods manufactured. The Howell Corporation has the following account balances (in millions): $15 For Specific Date For Year 2017 Direct materials inventory, Jan 1, 2017 Purchases of direct materials $325 Work-in-process inventory, Jan. 1, 2017 10 Direct manufacturing labor 100 Finished goods inventory, Jan. 1, 2017 Depreciation-plant and equipment Direct materials inventory, Dec. 31, 2017 Plant supervisory salaries Work-in-process inventory, Dec. 31, 2017 Miscellaneous plant overhead Finished goods inventory, Dec. 31, 2017...
Solar Salt Company has two divisions. Sales, direct materials cost, and direct labor cost data for...
Solar Salt Company has two divisions. Sales, direct materials cost, and direct labor cost data for Solar Salt's two divisions are not available. However, manufacturing overhead and gross profit data for the two divisions are available, as follows Agricultural Products Retail Products Manufacturing overhead $450,000 $250,000 Gross profit 150,000 100,000 *Manufacturing overhead is allocated to production based on the amount of direct labor cost. Solar Salt has determined that its total manufacturing overhead cost of $700,000 is a mixture of...
Padfolio Club makes two products (Padfolios and Business Cards) for students to use during interview season....
Padfolio Club makes two products (Padfolios and
Business Cards) for students to use during interview season. The
company uses a normal costing system with a single manufacturing
overhead cost pool (allocated based on direct labor costs), and
operates at capacity (i.e. all overhead is allocated to units
produced in the year).
Direct Material and Direct Labor is incurred in the
factory and is directly traced to the two product lines (Padfolios
& Business Cards). Overhead costs (like plant supervision,
maintenance...
Padfolio Club makes two products (Padfolios and Business Cards) for students to use during interview season....
Padfolio Club makes two products (Padfolios and Business Cards) for students to use during interview season. The company has two production departments (Forming and Assembly) and operates at capacity. The controller has asked you to compare plant-wide, department, and activity-based cost allocation. Direct Material and Direct Labor is incurred in both production departments (Forming & Assembly) and is directly traced to the two product lines (Padfolios & Business Cards). There are also two types of overhead (Setup & Supervision) incurred...
please explain in detail 1-6 For Specific Date For Year 2013 Work-in-process inventory, Jan 1, 2013...
please explain in detail 1-6
For Specific Date For Year 2013 Work-in-process inventory, Jan 1, 2013 Direct materials inventory, Dec. 31, 2013 Finished goods inventory, Dec. 31, 2013 Accounts payable, Dec. 31, 2013 Accounts receivable, Jan. 1, 2013 Work-in-process inventory, Dec 31, 2013 Finished goods inventory, Jan 1, 2013 Accounts receivable, Dec. 31, 2013 Accounts payable, Jan. 1, 2013 Direct materials inventory, Jan 1, 2013 Plant utilities Indirect manufacturing labor Depreciation-plant and equipment Revenues Miscellaneous manufacturing overhead Marketing, distribution, and...
2 Calculate the budgeted cost of each product line (Padfolios vs. Business Cards) based on departmental...
2
Calculate the budgeted cost of each product line
(Padfolios vs. Business Cards) based on departmental overhead
rates, where:
(a) Forming department overhead costs are allocated based on direct
manufacturing labor costs of the forming department, and
(b) Assembly department overhead costs are allocated based on total
direct costs of the assembly department.
(Direct costs should be traced to the products as
identified above. Indirect costs should be allocated to the
products based on two overhead allocation rates -- one...
7. A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of a direct cost for the golf equipment line is A) beverages provided daily in the plant break room for the entire staff B) monthly lease payments for a specialized piece of equipment needed to manufacture the golf driver C) salaries of the clerical staff that work in the company administrative offices D) overheads incurred in producing both golf and soccer equipment
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of indirect cost for the soccer equipment line is the material used to manufacture the soccer studs salary paid to plant supervisor labor to shape the leather used to make the soccer ball material used to make the soccer balls
C a n that says resources should be spent the expected benefits to the company exceed the expected A) cost-benefit approach C) different costs for different purposes Explanation B) balanced Scorecard D) behavioral and technical considerations 6) Cast assignment A) includes future and arbitrary costs B) is the same as cost accumulation C) is the difference between budgeted and actual costs D) associates accumulated costs with certain cost objects Explanation A) 7) Which of the following statements about the direct...
2-39 Income statement and schedule of cost of goods manufactured. The Howell Corporation has the following account balances (in millions): $15 For Specific Date For Year 2017 Direct materials inventory, Jan 1, 2017 Purchases of direct materials $325 Work-in-process inventory, Jan. 1, 2017 10 Direct manufacturing labor 100 Finished goods inventory, Jan. 1, 2017 Depreciation-plant and equipment Direct materials inventory, Dec. 31, 2017 Plant supervisory salaries Work-in-process inventory, Dec. 31, 2017 Miscellaneous plant overhead Finished goods inventory, Dec. 31, 2017...
Solar Salt Company has two divisions. Sales, direct materials cost, and direct labor cost data for Solar Salt's two divisions are not available. However, manufacturing overhead and gross profit data for the two divisions are available, as follows Agricultural Products Retail Products Manufacturing overhead $450,000 $250,000 Gross profit 150,000 100,000 *Manufacturing overhead is allocated to production based on the amount of direct labor cost. Solar Salt has determined that its total manufacturing overhead cost of $700,000 is a mixture of...
Padfolio Club makes two products (Padfolios and
Business Cards) for students to use during interview season. The
company uses a normal costing system with a single manufacturing
overhead cost pool (allocated based on direct labor costs), and
operates at capacity (i.e. all overhead is allocated to units
produced in the year).
Direct Material and Direct Labor is incurred in the
factory and is directly traced to the two product lines (Padfolios
& Business Cards). Overhead costs (like plant supervision,
maintenance...
Padfolio Club makes two products (Padfolios and Business Cards) for students to use during interview season. The company has two production departments (Forming and Assembly) and operates at capacity. The controller has asked you to compare plant-wide, department, and activity-based cost allocation. Direct Material and Direct Labor is incurred in both production departments (Forming & Assembly) and is directly traced to the two product lines (Padfolios & Business Cards). There are also two types of overhead (Setup & Supervision) incurred...
please explain in detail 1-6
For Specific Date For Year 2013 Work-in-process inventory, Jan 1, 2013 Direct materials inventory, Dec. 31, 2013 Finished goods inventory, Dec. 31, 2013 Accounts payable, Dec. 31, 2013 Accounts receivable, Jan. 1, 2013 Work-in-process inventory, Dec 31, 2013 Finished goods inventory, Jan 1, 2013 Accounts receivable, Dec. 31, 2013 Accounts payable, Jan. 1, 2013 Direct materials inventory, Jan 1, 2013 Plant utilities Indirect manufacturing labor Depreciation-plant and equipment Revenues Miscellaneous manufacturing overhead Marketing, distribution, and...
2
Calculate the budgeted cost of each product line
(Padfolios vs. Business Cards) based on departmental overhead
rates, where:
(a) Forming department overhead costs are allocated based on direct
manufacturing labor costs of the forming department, and
(b) Assembly department overhead costs are allocated based on total
direct costs of the assembly department.
(Direct costs should be traced to the products as
identified above. Indirect costs should be allocated to the
products based on two overhead allocation rates -- one...
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