Homework Answers
8.
Plant manager salary is an element of manufacturing overhead.
Option c.
9.
In a common size financial statement Net sales is given 100%
Option c.
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Question 8 Which of the following is an element of manufacturing overhead? Selected Answer: b. Components...
Which of the following is not an element of manufacturing overhead? o Factory repairman's wages. Plant manager's salary...
Which of the following is not an element of manufacturing overhead? o Factory repairman's wages. Plant manager's salary. Sales manager's salary. O Product inspector's salary. Marigold Corp. reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 900000 480000 1020000 820000 820000 Marigold Corp.'s cost of goods manufactured for the year is $2480000. O $2840000. $2660000. O $2300000....
Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1....
Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. Factory manager's salary Complete the following matrix by placing an X mark...
Question 8 The following costs were incurred by a manufacturing company: Materials used in product $121,700...
Question 8 The following costs were incurred by a manufacturing company: Materials used in product $121,700 Depreciation on plant 6,500 Property taxes on plant 920 Labour costs of assembly-line workers 150,500 Factory supplies used 2,800 Advertising expense 5,200 Factory insurance 21,500 Factory supervisor’s salary 50,250 Work in process inventory was $5,100 at January 1 and $6,300 at December 31. Finished goods inventory was $30,700 at January 1 and $30,400 at December 31. Find cost of manufactured goods and cost of...
1. Ford Manufacturing Company incurs the following manufacturing costs and expenses during the month of May....
1. Ford Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. (12 pts) 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. ...
Question 8 The following costs were incurred by a manufacturing company Materials used in product Depreciation...
Question 8 The following costs were incurred by a manufacturing company Materials used in product Depreciation on plant $120,100 6,280 870 Property taxes on plant Labour costs Factory supplies used Advertising expense Factory insurance Factory supervisor's salary of assembly-line workers 2,500 4,950 21,250 50,050 Work in process inventory was $5,700 at January 1 and $6,600 at December 31. Finished goods inventory was $30,900 at January 1 and $29,600 at December 31 Calculate cost of goods manufactured Cost of goods ma...
========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 3: Cost...
=========================
MANAGERIAL ACCOUNTING QUESTIONS
Please answer ALL in DETAILS to get upvote
Thanks!!!
Question 3: Cost terminology in manufacturing firms a) Direct materials include O only major materials and components O only raw materials such as steel and glass O all materials and components Direct labor includes O only managers who directly supervise the production process all production labor including supervisors and maintenance staff O only hourly production workers (aka assembly workers) Manufacturing overhead includes O both big items that...
EX 1-3) - Classifying costs as factory overhead OBJ. 2 Which of the following items are...
EX 1-3) - Classifying costs as factory overhead OBJ. 2 Which of the following items are properly classified as part of factory overhead for Ford Motor Company, a maker of heavy automobiles and trucks? a. Plant manager's salary at Buffalo, New York, stamping plant, which manufactures auto and truck subassemblies b. Depreciation on Flat Rock, Michigan, assembly plant c. Dividends paid to shareholders d. Machine lubricant used to maintain the assembly line at the Louisville, Kentucky, assembly plant e. Leather...
Which of the following is a manufacturing overhead cost for a car assembly plant: A. Assembly...
Which of the following is a manufacturing overhead cost for a car assembly plant: A. Assembly workers' wages B. Cost of engines and transmissions for cars C. Maintenance costs for production equipment D. Cost of steel used to make car bodies E. Both C and D
Question 1 Which of the following is the advantage of straight packed column? Selected Answer: It...
Question 1 Which of the following is the advantage of straight packed column? Selected Answer: It can be repacked easily Answers It can be packed uniformly It can be repacked easily It is compact It is easier to heat it evenly Question 2 Which of the following statements most accurately describes thin-layer chromatography? Selected Answer: technique used to separate non-volatile mixtures, the mobile phase has different properties from the stationary phase. Answers The mobile phase is the solvent also called...
QUESTION 8 Which of the following employees of a commercial printer/publisher would be classified as direct...
QUESTION 8 Which of the following employees of a commercial printer/publisher would be classified as direct labor? O Book binder. O Plant security guard O Sales representative Plant supervisor. O Payroll supervisor QUESTION 9 4 points Save Which of the following is not a period cost? O Legal costs O Public relations costs O Sales commissions. O Wages of assembly-line workers. O The salary of a company's chief financial officer (CFO) QUESTION 10 Materials used in the operation of a...
Which of the following is not an element of manufacturing overhead? o Factory repairman's wages. Plant manager's salary. Sales manager's salary. O Product inspector's salary. Marigold Corp. reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 900000 480000 1020000 820000 820000 Marigold Corp.'s cost of goods manufactured for the year is $2480000. O $2840000. $2660000. O $2300000....
Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. Factory manager's salary Complete the following matrix by placing an X mark...
Question 8 The following costs were incurred by a manufacturing company Materials used in product Depreciation on plant $120,100 6,280 870 Property taxes on plant Labour costs Factory supplies used Advertising expense Factory insurance Factory supervisor's salary of assembly-line workers 2,500 4,950 21,250 50,050 Work in process inventory was $5,700 at January 1 and $6,600 at December 31. Finished goods inventory was $30,900 at January 1 and $29,600 at December 31 Calculate cost of goods manufactured Cost of goods ma...
=========================
MANAGERIAL ACCOUNTING QUESTIONS
Please answer ALL in DETAILS to get upvote
Thanks!!!
Question 3: Cost terminology in manufacturing firms a) Direct materials include O only major materials and components O only raw materials such as steel and glass O all materials and components Direct labor includes O only managers who directly supervise the production process all production labor including supervisors and maintenance staff O only hourly production workers (aka assembly workers) Manufacturing overhead includes O both big items that...
EX 1-3) - Classifying costs as factory overhead OBJ. 2 Which of the following items are properly classified as part of factory overhead for Ford Motor Company, a maker of heavy automobiles and trucks? a. Plant manager's salary at Buffalo, New York, stamping plant, which manufactures auto and truck subassemblies b. Depreciation on Flat Rock, Michigan, assembly plant c. Dividends paid to shareholders d. Machine lubricant used to maintain the assembly line at the Louisville, Kentucky, assembly plant e. Leather...
Which of the following is a manufacturing overhead cost for a car assembly plant: A. Assembly workers' wages B. Cost of engines and transmissions for cars C. Maintenance costs for production equipment D. Cost of steel used to make car bodies E. Both C and D
Question 1 Which of the following is the advantage of straight packed column? Selected Answer: It can be repacked easily Answers It can be packed uniformly It can be repacked easily It is compact It is easier to heat it evenly Question 2 Which of the following statements most accurately describes thin-layer chromatography? Selected Answer: technique used to separate non-volatile mixtures, the mobile phase has different properties from the stationary phase. Answers The mobile phase is the solvent also called...
QUESTION 8 Which of the following employees of a commercial printer/publisher would be classified as direct labor? O Book binder. O Plant security guard O Sales representative Plant supervisor. O Payroll supervisor QUESTION 9 4 points Save Which of the following is not a period cost? O Legal costs O Public relations costs O Sales commissions. O Wages of assembly-line workers. O The salary of a company's chief financial officer (CFO) QUESTION 10 Materials used in the operation of a...
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