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| Answer is indirect material |
| Indirect material is the cost of ancillary material required during the manufacturing process. Since glue is just required in small quantity and not directly related thus it is indirect material |
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QUESTION 14 A manufacturing process requires small amounts of glue. The glue used in the production...
Moving to the next question prevents changes to this answer. Question 10 A manufacturing process requires...
Moving to the next question prevents changes to this answer. Question 10 A manufacturing process requires small amounts of glue. The glue used in the production process is classified as ain) period cost. indirect material. direct material miscellaneous expense. A Moving to the next question changes to this answer Question 15 An activity-based overhead rate is computed as follows: actual overhead divided by actual use of cost drivers. estimated overhead divided by actual use of cost drivers. actual overhead divided...
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used...
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending $45,000 48,000 39,000 18,000 28,000 What is the cost of goods manufactured? a. $178,000 b. $132,000 c. $122,000 d. $142,000 An example of a period cost is a. advertising expense b. indirect materials c. depreciation on factory equipment d. property taxes on plant facilities If the cost of a direct material...
The cost of a small amount of glue used to manufacture a product may be called...
The cost of a small amount of glue used to manufacture a product may be called Multiple Choice an overhead cost a product cost O an indirect cost. O All of the choices are terms that may be used to describe small quantities of materials consumed in the process of making products
Complete the total amounts for each column. Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period...
Complete the total amounts for each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Complete the total amounts of each column. Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period...
Complete the total amounts of each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Cotter pins and lubricants used irregularly in a production process are classified as 1) miscellaneous expense....
Cotter pins and lubricants used irregularly in a production process are classified as 1) miscellaneous expense. O 2) nonmaterial materials. 3) indirect materials. 4) direct materials. Question 5 (2.5 points) Which of the following is not classified as direct labor? 1) Bottlers of beer in a brewery 2) Wages of supervisors 3) Bakers in a bakery 4) Copy machine operators at a copy shop Question 6 (2.5 points)
Question 2: Production activities of Company B are below: 1. The company purchases 1.600.000 TL worth...
Question 2: Production activities of Company B are below: 1. The company purchases 1.600.000 TL worth material during the period. 2. Cost of direct material used in manufacturing is 1.000.000 TL 3. Cost of indirect material used in manufacturing is 200.000 TL 4. Total labor expenses incurred by the company is 2.000.000 TL and it can be grouped as fallows Direct labor 1.600.000 TL Indirect labor 400.000 TL 5. Predetermined manufacturing overhead rate is 150% of direct labor expense. 6....
14 O 14 of 15 Required information [The following information applies to the questions displayed below.)...
14 O 14 of 15 Required information [The following information applies to the questions displayed below.) Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost Per Unit $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 references $0.45 14. i 10.000 units...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Riverside Manufacturing Company. Missing data are indicated by question marks. A B C Materials: Beginning inventory $312 $ 984 $ 660 Purchases ? 4,200 3,000 Ending inventory 444 600 ? Total material used 1,980 ? 2,640 Direct labor 3,480 5,760 4,800 Manufacturing overhead: Indirect material 576 ? 720 Indirect labor 960 900 2,100 Other ? 1,200 2,040 Total manufacturing overhead 3,120 2,880 Work in...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. А в с Materials: Beginning inventory $ 78 $410 S 220 Purchases ? 1,750 1,000 Ending inventory 111 250 7 Total material used 495 ? 2 880 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 144 ? 110 Indirect labor 240 375 700 Other 7 500 680 Total manufacturing overhead 780 1,100 ?...
Moving to the next question prevents changes to this answer. Question 10 A manufacturing process requires small amounts of glue. The glue used in the production process is classified as ain) period cost. indirect material. direct material miscellaneous expense. A Moving to the next question changes to this answer Question 15 An activity-based overhead rate is computed as follows: actual overhead divided by actual use of cost drivers. estimated overhead divided by actual use of cost drivers. actual overhead divided...
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending $45,000 48,000 39,000 18,000 28,000 What is the cost of goods manufactured? a. $178,000 b. $132,000 c. $122,000 d. $142,000 An example of a period cost is a. advertising expense b. indirect materials c. depreciation on factory equipment d. property taxes on plant facilities If the cost of a direct material...
The cost of a small amount of glue used to manufacture a product may be called Multiple Choice an overhead cost a product cost O an indirect cost. O All of the choices are terms that may be used to describe small quantities of materials consumed in the process of making products
Complete the total amounts for each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Complete the total amounts of each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Cotter pins and lubricants used irregularly in a production process are classified as 1) miscellaneous expense. O 2) nonmaterial materials. 3) indirect materials. 4) direct materials. Question 5 (2.5 points) Which of the following is not classified as direct labor? 1) Bottlers of beer in a brewery 2) Wages of supervisors 3) Bakers in a bakery 4) Copy machine operators at a copy shop Question 6 (2.5 points)
Question 2: Production activities of Company B are below: 1. The company purchases 1.600.000 TL worth material during the period. 2. Cost of direct material used in manufacturing is 1.000.000 TL 3. Cost of indirect material used in manufacturing is 200.000 TL 4. Total labor expenses incurred by the company is 2.000.000 TL and it can be grouped as fallows Direct labor 1.600.000 TL Indirect labor 400.000 TL 5. Predetermined manufacturing overhead rate is 150% of direct labor expense. 6....
14 O 14 of 15 Required information [The following information applies to the questions displayed below.) Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost Per Unit $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 references $0.45 14. i 10.000 units...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Riverside Manufacturing Company. Missing data are indicated by question marks. A B C Materials: Beginning inventory $312 $ 984 $ 660 Purchases ? 4,200 3,000 Ending inventory 444 600 ? Total material used 1,980 ? 2,640 Direct labor 3,480 5,760 4,800 Manufacturing overhead: Indirect material 576 ? 720 Indirect labor 960 900 2,100 Other ? 1,200 2,040 Total manufacturing overhead 3,120 2,880 Work in...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. А в с Materials: Beginning inventory $ 78 $410 S 220 Purchases ? 1,750 1,000 Ending inventory 111 250 7 Total material used 495 ? 2 880 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 144 ? 110 Indirect labor 240 375 700 Other 7 500 680 Total manufacturing overhead 780 1,100 ?...
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