Homework Answers
Solution
| Cost by behavior | Cost by function | |||
| Variable | Fixed | Product | Period | |
| Sugar for ice cream | X | X | ||
| Mixing labor | X | X | ||
| Factory property taxes | X | X | ||
| HR staff salaries | X | X | ||
| Accounting office rent | X | X | ||
| Sales manager's salary | X | X | ||
| Depreciation on factory equipment | X | X | ||
| Sales commission | X | X | ||
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Cost Behavior Steph's Ice Cream, Inc, makes and sells ice cream. Listed below are selected cost...
Leaf Peeper's Ice Cream, Inc. (LPIC) is a maker of ice cream with seasonally-inspired flavors. Their...
Leaf Peeper's Ice Cream, Inc. (LPIC) is a maker of ice cream with seasonally-inspired flavors. Their sales volume is larger than the owners could have imagined, and each of the past three years they have grown. Despite their sales success, profits are not as high as expected. Cal Kidd and B.J. Bryson, owners and managers of LPIC, have released a RFP (request for proposal) to hear pitches for managerial accounting services. Explain to management what the difference is between sales...
Required information [The following information applies to the questions displayed below.] Listed here are the total...
Required information [The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $431 each. Costs 1. Plastic for casing-$18,000 2. Wages of assembly workers-$87,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries $33,000 5. Drum stands (1,000 stands purchased)-$29,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries-$135,000 8. Annual flat fee for factory maintenance...
Required information [The following information applies to the questions displayed below.] Listed here are the total...
Required information [The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$5,000 4. Accounting staff salaries-$35,000 5. Drum stands (1,000 stands purchased)-$26,000 6. Rent cost of equipment for sales staff-$10,000 7. Upper management salaries,$125,000 8. Annual flat fee for factory maintenance service-$10,000...
Listed below are costs of providing an airline service. Classify each cost as (a) either variable...
Listed below are costs of providing an airline service. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight attendants and pilots are paid based on hours of flight time. Cost Variable or Fixed Direct or Indirect | 1. Snacks served on airplanes 2. Depreciation on office equipment 3. Oil used in airplanes 4. Luggage handler wages 5. Airport landing fee...
Required information - [The following information applies to the questions displayed below.) Listed here are the...
Required information - [The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $536 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$83,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$41,000 5. Drum stands (1,000 stands purchased)-$35,000 6. Rent cost of equipment for sales staff-$36,000 7. Upper management salaries-$210,000 8. Annual flat fee for factory maintenance...
Required information (The following information applies to the questions displayed below.) Listed here are the total...
Required information (The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $495 each. Costs 1. Plastic for casing-$16,000 2. Wages of assembly workers-$89,000 3. Property taxes on factory-$4,000 4. Accounting staff salaries-$40,000 5. Drum stands (1,000 stands purchased)-$36,000 6. Rent cost of equipment for sales staff-$36,000 7. Upper management salaries-$170,000 8. Annual flat fee for factory maintenance service-$21,000...
[The following information applies to the questions displayed below.) Ft 1 of 2 Listed here are...
[The following information applies to the questions displayed below.) Ft 1 of 2 Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $507 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-583,000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$40,000 5. Drum stands (1,000 stands purchased)-$31,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries-$180,000 8. Annual flat fee for...
Required information [The following information applies to the questions displayed below.] Listed here are the total...
Required information [The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $434 each. Costs 1. Plastic for casing-$21,000 2. Wages of assembly workers-$90,000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$31,000 5. Drum stands (1,000 stands purchased)-$31,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries-$120,000 8. Annual flat fee for factory maintenance service-$13,000...
[The following information applies to the questions displayed below.) Listed here are the total costs associated...
[The following information applies to the questions displayed below.) Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $523 each. Costs 1. Plastic for casing-$18,000 2. Wages of assembly workers-$92,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$35,000 5. Drum stands (1,000 stands purchased) $39,000 6. Rent cost of equipment for sales staff-$48,000 7. Upper management salaries-$170,000 8. Annual flat fee for factory maintenance service-$14,000...
Required information [The following information applies to the questions displayed below.] Listed here are the total...
Required information [The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $537 each. Costs 1. Plastic for casing-$20,000 2. Wages of assembly workers-$82, 000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$34, 000 5. Drum stands (1, 000 stands purchased) $32,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries -$220,000 8. Annual flat...
Leaf Peeper's Ice Cream, Inc. (LPIC) is a maker of ice cream with seasonally-inspired flavors. Their sales volume is larger than the owners could have imagined, and each of the past three years they have grown. Despite their sales success, profits are not as high as expected. Cal Kidd and B.J. Bryson, owners and managers of LPIC, have released a RFP (request for proposal) to hear pitches for managerial accounting services. Explain to management what the difference is between sales...
Required information [The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $431 each. Costs 1. Plastic for casing-$18,000 2. Wages of assembly workers-$87,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries $33,000 5. Drum stands (1,000 stands purchased)-$29,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries-$135,000 8. Annual flat fee for factory maintenance...
Required information [The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$5,000 4. Accounting staff salaries-$35,000 5. Drum stands (1,000 stands purchased)-$26,000 6. Rent cost of equipment for sales staff-$10,000 7. Upper management salaries,$125,000 8. Annual flat fee for factory maintenance service-$10,000...
Listed below are costs of providing an airline service. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight attendants and pilots are paid based on hours of flight time. Cost Variable or Fixed Direct or Indirect | 1. Snacks served on airplanes 2. Depreciation on office equipment 3. Oil used in airplanes 4. Luggage handler wages 5. Airport landing fee...
Required information - [The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $536 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$83,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$41,000 5. Drum stands (1,000 stands purchased)-$35,000 6. Rent cost of equipment for sales staff-$36,000 7. Upper management salaries-$210,000 8. Annual flat fee for factory maintenance...
Required information (The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $495 each. Costs 1. Plastic for casing-$16,000 2. Wages of assembly workers-$89,000 3. Property taxes on factory-$4,000 4. Accounting staff salaries-$40,000 5. Drum stands (1,000 stands purchased)-$36,000 6. Rent cost of equipment for sales staff-$36,000 7. Upper management salaries-$170,000 8. Annual flat fee for factory maintenance service-$21,000...
[The following information applies to the questions displayed below.) Ft 1 of 2 Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $507 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-583,000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$40,000 5. Drum stands (1,000 stands purchased)-$31,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries-$180,000 8. Annual flat fee for...
Required information [The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $434 each. Costs 1. Plastic for casing-$21,000 2. Wages of assembly workers-$90,000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$31,000 5. Drum stands (1,000 stands purchased)-$31,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries-$120,000 8. Annual flat fee for factory maintenance service-$13,000...
[The following information applies to the questions displayed below.) Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $523 each. Costs 1. Plastic for casing-$18,000 2. Wages of assembly workers-$92,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$35,000 5. Drum stands (1,000 stands purchased) $39,000 6. Rent cost of equipment for sales staff-$48,000 7. Upper management salaries-$170,000 8. Annual flat fee for factory maintenance service-$14,000...
Required information [The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $537 each. Costs 1. Plastic for casing-$20,000 2. Wages of assembly workers-$82, 000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$34, 000 5. Drum stands (1, 000 stands purchased) $32,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries -$220,000 8. Annual flat...
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