Homework Answers
| Product Cost | Prime/Conversion/Period | ||
| Admin Salary | Period Cost | ||
| Advertising | Period Cost | ||
| Dep on prod. Equip | MOH | Conversion cost | |
| Direct material purchase | DM | Prime Cost | |
| Factory Insurance | MOH | Conversion cost | |
| Factory Rent | MOH | Conversion cost | |
| Indirect Material | MOH | Conversion cost | |
| Indirect prod. Labor | MOH | Conversion cost | |
| Lease on president's vehicle | Period Cost | ||
| President's Salary | Period Cost | ||
| Production supervisor salary | MOH | Conversion cost | |
| Production wages assembly | DL | Both prime and conversion cost | |
| Production Wages: Finishing | DL | Both prime and conversion cost | |
| Sales commission | Period Cost | ||
| Sales manager salary | Period Cost | ||
| Utilities Factory | MOH | Conversion cost | |
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Pinnacle Manufacturing manufactures custom wheel covers. Identify each of the preceding costs as either a prime...
Stetson Manufacturing builds custom wooden cabinets. Identify each of the following items as to catego item...
Stetson Manufacturing builds custom wooden cabinets. Identify each of the following items as to catego item is a prime or conversion cost. (Select "Both" if an item is both a prime and conversion cost.) Cost of Hardware (Slides, Handles, etc) Cost of Wood Depreciation on Production Equipment Factory Property Taxes Factory Rent Glue Production Supervisor Salary Utilities for Factory Wages for Maintenance Workers Wages of Assembly Workers Wages of Finishing Workers roduct Costs PrimelConversion Cost MOH bL MOH MOH MOH...
Mariposa Manufacturing builds custom wooden cabinets, Mariposa Manufacturing has reported the following costs for the previous...
Mariposa Manufacturing builds custom wooden cabinets, Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising Cost of hardware (alides, handles, etc.) Cost of wood Depreciation on production equipment Factory property taxes Tactory rent Glue Production supervisor salary Sales manager salary Utilities for factory Nages for maintenance workers Wages of assembly workers Wages of finishing workers $ 70,000 $ 34,000 $117,000 $ 63,000 $ 17,300 $ 76,000 $ 3,800 $ 40,700 $ 41,600 $...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs:...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs: 1. classify the each cost item as either product or period costs, and 2. identify whether the costs should be categorized as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), selling (S), or general & administrative (GA). BRIDGEPORT MANUFACTURING COSTS Requirement (1) Requirement (2) Direct materials (DM), Direct labor (DL), Manufacturing Product or Period Overhead (MOH). costs Selling (S), or General & Administrative...
DM Product or DL Data Section Factory rent Company advertisin Wages paid to assembly workers Depreciation...
DM Product or DL Data Section Factory rent Company advertisin Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factor Assembly supervisor salar Sandpaper President's salar Plastic tubin Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters Cost Period $3,200 Product $1,000Period МОН MOH S30,000 $2,000 $500 $900 $3,500 150 $6,000 $4,200 $250 $1,200 $1,000 $2,000 $7,500 4,200 a) Direct materials b) Direct labor c) Manufacturing overhead d) Prime cost e) Conversion 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...
The following information is available for Wonderway, Inc., for 2018: Factory rent Company advertising Wages paid...
The following information is available for Wonderway, Inc., for 2018: Factory rent Company advertising Wages paid to laborers Depreciation for president's vehicle Indirect production labor Utilities for factory Production supervisor's salary President's salary Direct materials used Sales commissions Factory insurance Depreciation on factory equipment $ 29,600 19,400 83,900 8,160 1,940 30, 600 30,900 61,000 34,900 7,620 13,000 26,700 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost...
The following information is available for Wonderway, Inc., for 2015: Factory rent Company advertising Wages paid...
The following information is available for Wonderway, Inc., for 2015: Factory rent Company advertising Wages paid tolaborers Depreciation for president's vehicle Indirect production labor Utilities for factory Production supervisors salary President's salary Direct materials used Sales commissions Factory insurance Depreciation on factory equipment 28,200 20,200 84,800 8,050 1,880 32,000 30,600 61,500 35,200 7,580 14,000 27,600 Required: 1. Calculate the direct labor cost for Wonderway. Direct Labor Cost 2. Calculate the manufacturing overhead cost for Wonderway. anufacturing Overhead 3. Calculate the...
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: $ 3,110 1,100 31,900 2,130 525 825 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's...
1. Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a...
1. Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a period cost for a shoe manufacturer. Leather Utility bill for the manufacturing plant Depreciation expense on accounting dept. copier Wages of production line employees Wages of sales employees Shoe laces Plant supervisor Depreciation expense on sewing machines DM DM DM DM DM DM DM DM DL DL DL DL DL MOH Period Cost MOH Period Cost MOH Period Cost MOH Period Cost MOH Period...
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...
Stetson Manufacturing builds custom wooden cabinets. Identify each of the following items as to catego item is a prime or conversion cost. (Select "Both" if an item is both a prime and conversion cost.) Cost of Hardware (Slides, Handles, etc) Cost of Wood Depreciation on Production Equipment Factory Property Taxes Factory Rent Glue Production Supervisor Salary Utilities for Factory Wages for Maintenance Workers Wages of Assembly Workers Wages of Finishing Workers roduct Costs PrimelConversion Cost MOH bL MOH MOH MOH...
Mariposa Manufacturing builds custom wooden cabinets, Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising Cost of hardware (alides, handles, etc.) Cost of wood Depreciation on production equipment Factory property taxes Tactory rent Glue Production supervisor salary Sales manager salary Utilities for factory Nages for maintenance workers Wages of assembly workers Wages of finishing workers $ 70,000 $ 34,000 $117,000 $ 63,000 $ 17,300 $ 76,000 $ 3,800 $ 40,700 $ 41,600 $...
The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs: 1. classify the each cost item as either product or period costs, and 2. identify whether the costs should be categorized as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), selling (S), or general & administrative (GA). BRIDGEPORT MANUFACTURING COSTS Requirement (1) Requirement (2) Direct materials (DM), Direct labor (DL), Manufacturing Product or Period Overhead (MOH). costs Selling (S), or General & Administrative...
DM Product or DL Data Section Factory rent Company advertisin Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factor Assembly supervisor salar Sandpaper President's salar Plastic tubin Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters Cost Period $3,200 Product $1,000Period МОН MOH S30,000 $2,000 $500 $900 $3,500 150 $6,000 $4,200 $250 $1,200 $1,000 $2,000 $7,500 4,200 a) Direct materials b) Direct labor c) Manufacturing overhead d) Prime cost e) Conversion 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...
The following information is available for Wonderway, Inc., for 2018: Factory rent Company advertising Wages paid to laborers Depreciation for president's vehicle Indirect production labor Utilities for factory Production supervisor's salary President's salary Direct materials used Sales commissions Factory insurance Depreciation on factory equipment $ 29,600 19,400 83,900 8,160 1,940 30, 600 30,900 61,000 34,900 7,620 13,000 26,700 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost...
The following information is available for Wonderway, Inc., for 2015: Factory rent Company advertising Wages paid tolaborers Depreciation for president's vehicle Indirect production labor Utilities for factory Production supervisors salary President's salary Direct materials used Sales commissions Factory insurance Depreciation on factory equipment 28,200 20,200 84,800 8,050 1,880 32,000 30,600 61,500 35,200 7,580 14,000 27,600 Required: 1. Calculate the direct labor cost for Wonderway. Direct Labor Cost 2. Calculate the manufacturing overhead cost for Wonderway. anufacturing Overhead 3. Calculate the...
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: $ 3,110 1,100 31,900 2,130 525 825 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's...
1. Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a period cost for a shoe manufacturer. Leather Utility bill for the manufacturing plant Depreciation expense on accounting dept. copier Wages of production line employees Wages of sales employees Shoe laces Plant supervisor Depreciation expense on sewing machines DM DM DM DM DM DM DM DM DL DL DL DL DL MOH Period Cost MOH Period Cost MOH Period Cost MOH Period Cost MOH Period...
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...
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