Please answer this multi step question. Please indicate each answer in bold. Show your work.
Homework Answers
Answer 1 = manufacturing overhead cost because that is related to manufacturing.
Answer 2 = Marketing and selling cost because that is not related to manufacturing and is indirect cost.
Answer 3 = direct labour cost because labour working for production got salary
Answer 4 = manufacturing and marketing expense because logo is for marketing purposes. But used to all at the time of production hence is a part of manufacturing.
Answer 5 = Marketing and selling cost because that is for marketing purpose.
Answer 6 = Administrative cost because that is not directly related to manufacturing and is indirect cost.
Answer 7 = Administrative cost because that is indirect cost of manufacturing.
Answer 8 = Direct material cost because that is directly related to production.
Answer 9 = marketing and selling cost and administrative cost because it is indirectly related to production.
Answer 10 = Administrative cost because human resource is an administrative activitiy.
Add Answer to:
Please answer this multi step question. Please indicate each
answer in bold. Show your work.
The...
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...
PLEASE COMPLETE THE INCOME STATEMENT & SCHEDULE OF COST OF GOODS MANUFACTURES [SHOW YOUR WORK] Veekay...
PLEASE COMPLETE THE INCOME STATEMENT & SCHEDULE
OF COST OF GOODS MANUFACTURES [SHOW YOUR WORK]
Veekay Company was organized on November 1 of the previous year.
After seven months of start-up losses, management had expected to
earn a profit during June, the most recent month. Management was
disappointed, however, when the income statement for June also
showed a loss. June’s income statement follows:
VEEKAY COMPANY
Income Statement
For the Month Ended June 30
Sales
$
757,500
Less
operating expenses:
Selling...
QUESTION 3 Barry Company manufactures coats. The company accounting records during February show. Factory utilities -...
QUESTION 3 Barry Company manufactures coats. The company accounting records during February show. Factory utilities - 5950; Direct materials used in production - $21,650; Direct materials purchased during the month - $23,000, Direct labor costs - 515,210; Wages paid to workers providing direct labor - $16,100; Depreciation on factory equipment $1,250, Insurance covering factory facilities - $1,100; Marketing expenses - 54,700; Factory supervisor salary. $3,500; Indirect manufacturing materials used 51,090; Insurance covering administrative facilities - $2,100; Depreciation on administrative office...
QUESTION 1 I need the answer with explain step 5,6,7,&8 Step 1 You work for Thunderduck...
QUESTION 1 I need the answer with explain step 5,6,7,&8 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing ( no indirect materials used). You...
can you please answer step1-8. Step 1 You work for Thunderduck Custom Tables Inc. This is...
can you please answer step1-8.
Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (no indirect materials used). You will be keeping track of the...
Please help me answer the question 3,4,6,and show the step The following information pertains to the...
Please help me answer the question 3,4,6,and show the
step
The following information pertains to the most recent quarter at Precious Production Limited Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 367,500 42,000 70,500 180,500 20,500 243,500 122,000 284,000...
Please help me!! thank you! QUESTION 1 Step 1 You work for Thunderduck Custom Tables Inc....
Please help me!! thank you!
QUESTION 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (no indirect materials used). You will be keeping track of the costs incurred to manufacture the tables...
Please show me the step by step solution till get the answer. Really appreciate your help....
Please show me the step by step solution till get the answer.
Really appreciate your help. Thank you.
REQUIREMENT: Short term decision-making Hills Sdn. Bhd. produces a single product. The cost of producing and selling a single unit of this product at the company's normal capacity level of 40,000 units per month is as follows: Direct materials ..... ............... Direct labor Variable manufacturing over head ................ Fixed manufacturing overhead. Variable selling & administrative expense..... Fixed selling & administrative expense ............
i need your help for that question to solve step 1 to 8 QUESTION 1 Step...
i need your help for that question to solve step 1 to 8 QUESTION 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (...
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950; Direct...
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950; Direct materials used in production - $21,650; Direct materials purchased during the month - $23,000; Direct labor costs - 515,210 Wages paid to workers providing direct labor - $16,100; Depreciation on factory equipment $1,250; Insurance covering factory facilities - 51,100; Marketing expenses - 54,700, Factory supervisor salary - $3,500; Indirect manufacturing materials used $1.090, Insurance covering administrative facilities - $2,100 Depreciation on administrative office furnishings...
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...
PLEASE COMPLETE THE INCOME STATEMENT & SCHEDULE
OF COST OF GOODS MANUFACTURES [SHOW YOUR WORK]
Veekay Company was organized on November 1 of the previous year.
After seven months of start-up losses, management had expected to
earn a profit during June, the most recent month. Management was
disappointed, however, when the income statement for June also
showed a loss. June’s income statement follows:
VEEKAY COMPANY
Income Statement
For the Month Ended June 30
Sales
$
757,500
Less
operating expenses:
Selling...
QUESTION 3 Barry Company manufactures coats. The company accounting records during February show. Factory utilities - 5950; Direct materials used in production - $21,650; Direct materials purchased during the month - $23,000, Direct labor costs - 515,210; Wages paid to workers providing direct labor - $16,100; Depreciation on factory equipment $1,250, Insurance covering factory facilities - $1,100; Marketing expenses - 54,700; Factory supervisor salary. $3,500; Indirect manufacturing materials used 51,090; Insurance covering administrative facilities - $2,100; Depreciation on administrative office...
can you please answer step1-8.
Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (no indirect materials used). You will be keeping track of the...
Please help me answer the question 3,4,6,and show the
step
The following information pertains to the most recent quarter at Precious Production Limited Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 367,500 42,000 70,500 180,500 20,500 243,500 122,000 284,000...
Please help me!! thank you!
QUESTION 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (no indirect materials used). You will be keeping track of the costs incurred to manufacture the tables...
Please show me the step by step solution till get the answer.
Really appreciate your help. Thank you.
REQUIREMENT: Short term decision-making Hills Sdn. Bhd. produces a single product. The cost of producing and selling a single unit of this product at the company's normal capacity level of 40,000 units per month is as follows: Direct materials ..... ............... Direct labor Variable manufacturing over head ................ Fixed manufacturing overhead. Variable selling & administrative expense..... Fixed selling & administrative expense ............
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950; Direct materials used in production - $21,650; Direct materials purchased during the month - $23,000; Direct labor costs - 515,210 Wages paid to workers providing direct labor - $16,100; Depreciation on factory equipment $1,250; Insurance covering factory facilities - 51,100; Marketing expenses - 54,700, Factory supervisor salary - $3,500; Indirect manufacturing materials used $1.090, Insurance covering administrative facilities - $2,100 Depreciation on administrative office furnishings...
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