Includes all costs incurred in production not directly related in the manufacture of a product...
| Includes all costs incurred in production not directly related in the manufacture | ||||||
| of a product or it is the sum of all the indirect cost of manufacturing. | ||||||
Homework Answers
Manufacturing or factory overhead includes all costs incurred in production not directly related in the manufacture of a product or it is the sum of all the indirect cost of manufacturing. It includes the cost of indirect materials, indirect labor and indirect expenses.
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Includes all costs incurred in production not directly related in
the manufacture
of a product...
Manufacturing costs are costs that related to the manufacture your products but CANNOT be traced directly...
Manufacturing costs are costs that related to the manufacture your products but CANNOT be traced directly to the unit product. As I always said, it included all the costs that related to the factory that incurred in producing the products. Eventhough manufacturing overhead cannot be traced directly to the unit product, why it is still important to be included in the total production cost? Please share your idea here.
The cost of goods sold: Select one: O a. includes all manufacturing costs incurred during the...
The cost of goods sold: Select one: O a. includes all manufacturing costs incurred during the income statement period. O b. includes both the fixed and the variable costs of producing the items included in revenue. O c. includes period costs only. O d. is equal to the variable cost per unit multiplied by the number of units sold. e. is equal to the fixed costs of production for the time period.
Grouper Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
Grouper Corporation manufactures a single product. Monthly
production costs incurred in the manufacturing process are shown
below for the production of 3,800 units. The utilities and
maintenance costs are mixed costs. The fixed portions of these
costs are $300 and $200, respectively.
Production in Units
3,800
Production Costs
Direct materials
$9,500
Direct labor
30,400
Utilities
1,820
Property taxes
1,500
Indirect labor
5,700
Supervisory salaries
1,900
Maintenance
1,340
Depreciation
3,500
Identify the above costs as variable, fixed, or mixed.
Cost
Direct...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,357 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $336 and $224, respectively. Production in Units 3,357 Production Costs Direct materials $8,392 Direct labor 20,142 Utilities 2,350 Property taxes 1,119 Indirect labor 5,035 Supervisory salaries 2,126 Maintenance 1,231 Depreciation 2,686 Calculate the expected costs when production is 5,595 units. Cost to...
The cost to manufacture a product: select from the below answers -is also referred to as...
The cost to manufacture a product: select from the below answers -is also referred to as factory cost. -does not include manufacturing overhead. -consists of only those costs directly traceable to individual units of the product. -includes sales personnel salaries.
17. Manufacturing overhead:* (3 Points) includes all selling costs. is easily traced to jobs. should not...
17. Manufacturing overhead:* (3 Points) includes all selling costs. is easily traced to jobs. should not be assigned to individual jobs because it bears no obvious relationship to them. includes direct materials, indirect materials, indirect labor, and factory depreciation is a pool of indirect production costs that must somehow be attached to each unit manufactured. 18. Electricity costs that were incurred by a company's production processes should be debited to: (3 Points) Cash Work-in-Process Inventory Accounts Payable Manufacturing Overhead Utilities...
Culver Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
Culver Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,100 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $500 and $400, respectively. Production in Units 3,100 Production Costs Direct materials $7,440 Direct labor 18,600 2,050 Utilities Property taxes 1,300 Indirect labor 4,650 Supervisory salaries 1,900 Maintenance 1,330 Depreciation 3,700 Your answer is correct. Identify the above costs as variable, fixed,...
Mozena Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
Mozena Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,500 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $460 and $380, respectively. Production in Units 3,500 Production Costs Direct materials $7,840 Direct labour 15,435 Utilities 1,790 Property taxes 1,030 Indirect labour 4,620 Supervisory salaries 2,100 Maintenance 1,290 Depreciation 2,450 Identify the costs as variable, fixed, or mixed. Cost Direct materials...
Grizzly Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below...
Grizzly Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of $3000 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $300 and $200 respectively. Production in Units – 3000 Production costs Direct materials $7500.00 Direct labour $15000.00 Utilities $1800.00 Property taxes $1000.00 Indirect labour $4500.00 Supervisory salaries $1800.00 Maintenance $1100.00 Depreciation $2400.00 Answer the following questions about the company. a) Identify each of the costs...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,357 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $336 and $224, respectively. Production in Units 3,357 Production Costs Direct materials $8,392 Direct labor 20,142 Utilities 2,350 Property taxes 1,119 Indirect labor 5,035 Supervisory salaries 2,126 Maintenance 1,231 Depreciation 2,686 Calculate variable costs per unit, variable cost per unit for utilities...
The cost of goods sold: Select one: O a. includes all manufacturing costs incurred during the income statement period. O b. includes both the fixed and the variable costs of producing the items included in revenue. O c. includes period costs only. O d. is equal to the variable cost per unit multiplied by the number of units sold. e. is equal to the fixed costs of production for the time period.
Grouper Corporation manufactures a single product. Monthly
production costs incurred in the manufacturing process are shown
below for the production of 3,800 units. The utilities and
maintenance costs are mixed costs. The fixed portions of these
costs are $300 and $200, respectively.
Production in Units
3,800
Production Costs
Direct materials
$9,500
Direct labor
30,400
Utilities
1,820
Property taxes
1,500
Indirect labor
5,700
Supervisory salaries
1,900
Maintenance
1,340
Depreciation
3,500
Identify the above costs as variable, fixed, or mixed.
Cost
Direct...
17. Manufacturing overhead:* (3 Points) includes all selling costs. is easily traced to jobs. should not be assigned to individual jobs because it bears no obvious relationship to them. includes direct materials, indirect materials, indirect labor, and factory depreciation is a pool of indirect production costs that must somehow be attached to each unit manufactured. 18. Electricity costs that were incurred by a company's production processes should be debited to: (3 Points) Cash Work-in-Process Inventory Accounts Payable Manufacturing Overhead Utilities...
Culver Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,100 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $500 and $400, respectively. Production in Units 3,100 Production Costs Direct materials $7,440 Direct labor 18,600 2,050 Utilities Property taxes 1,300 Indirect labor 4,650 Supervisory salaries 1,900 Maintenance 1,330 Depreciation 3,700 Your answer is correct. Identify the above costs as variable, fixed,...
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