Homework Answers
| Product/Period | DM/DL/MOH/S/GA | |
| a | Period | S |
| b | Product | DL |
| c | Product | DM |
| d | Product | MOH |
| e | Period | S |
| f | Period | GA |
| g | Period | S |
| h | Period | S |
| i | Period | S |
| j | Period | GA |
| k | Product | MOH |
| l | Product | MOH |
Kindly comment if you need further assistance. Thanks
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The following table includes costs incurred by Bridgeport Manufacturing. Required: For each of the following costs:...
Classify the following costs at a car manufacturer as a) product or period and b) direct...
Classify the following costs at a car manufacturer as a) product or period and b) direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or selling or general and administrative expense (G&A). D M or D Lor If MOH What Selling Expense or Windshield Engine Wages of assembly line worker Depreciation of factory machines Factory machinery lubricants Steering wheel Salary painting supervisor Salary of company president Rent on office building Utilities on factory building Factory safety manager Janitorial wages on...
Pinnacle Manufacturing manufactures custom wheel covers. Identify each of the preceding costs as either a prime...
Pinnacle Manufacturing manufactures custom wheel covers. Identify each of the preceding costs as either a prime cost period cost or conversion cost. If the cost is a prime cost, decide whether it is for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH). (Select "Both Prime and Conversion Costs" if both of the categories apply for a particular item.) Product Costs Prime/Conversion/Period cost MOH DM MOH MOH Period Cost Conversion Cost Prime Cost Conversion Cost Conversion Cost Administrative Salaries...
1.2] Examples of DM DL and MO Indicate whether each of the following costs of a...
1.2] Examples of DM DL and MO Indicate whether each of the following costs of a pencil manufacturer would be classified as direct materials (DM), direct labor (DL), or manufacturing overhead (MO). a. Depreciation of pencil painting machinery b. m Lead inserted into pencils c. me Factory utilities DL Wages of assembly line worker Salary of supervisor no Factory machinery maintenance 9. DM Wood om Eraser compound
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...
Exercise 14-5 Classifying manufacturing costs LO C2 Selected costs related to Apple's iPhone are listed below....
Exercise 14-5 Classifying manufacturing costs LO C2 Selected costs related to Apple's iPhone are listed below. Identify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and administrative expenses by selecting the appropriate dropdowns. 1. Quality control supervisor salary 2. Uniforms provided for each factory worker 3. Depreciation on office equipment 4. Display screen 5. Camera 6. Advertising campaigns Maintenance of assembly equipment 8. Wages for retail store worker
1. If the cost object is an airplane, classify each cost as one of the following:...
1.
If the cost object is an airplane, classify each cost as one of
the following: direct material (DM), direct labour (DL),
indirect labour (IL), indirect materials (IM), other
manufacturing overhead (other MOH), or period cost. What is the
total for each type of cost?
2.
Calculate total manufacturing overhead costs.
3.
Calculate total inventoriable product costs.
4.
Calculate total prime costs.
5.
Calculate total conversion costs.
6.
Calculate total period costs.
An aircraft manufacturer incurred the following costs last...
Required: Using the table below as a reference, describe whether the following costs incurred in a...
Required: Using the table below as a reference, describe whether the following costs incurred in a manufacturing company are (a) fixed or variable and (b) product costs or period costs. The first cost item is presented in the table as an example. Cost Item Fixed Variable Product Period 0 Annual audit and tax return fees X X 1 Costs (other than food) of running the cafeteria for factory personnel 2 Direct materials used 3 Clerical staff in administrative offices 4...
Classify the various costs using the information below, a) Behavior: fixed or variable cost b) Traceability:...
Classify the various costs using the information below,
a) Behavior: fixed or variable cost
b) Traceability: direct or indirect
c) Financial reporting: product or period
d) If product cost, identify which items are direct materials,
direct labor or
manufacturing overhead.
Cost Classification Indirect Product DM Fixed variable Direct DL MOH Period Corporate office building depreciation Deprediation of Equipment used to build various custom houses Lumber Roof Concrete Insulation Ducting Paint Utilities for office (include gas, electric, and water) Mobile phone...
Classifying Costs The following is a list of costs that were incurred in the production and...
Classifying Costs The following is a list of costs that were incurred in the production and sale of large commercial airplanes: Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, r a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Classification Costs Period costs-administrative expense v a. Salary of chief compliance officer of company b....
Which of the following best describes costs assigned to the product under the variable costing method?
MC Qu. 79 Which of the following best describes costs...Which of the following best describes costs assigned to the product under the variable costing method?Direct labor (DL)Direct materials (DM)Variable selling and administrative (VSA)Variable manufacturing overhead (VOH)Fixed selling and administrative (FSA)Fixed manufacturing overhead (FOH)
Classify the following costs at a car manufacturer as a) product or period and b) direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or selling or general and administrative expense (G&A). D M or D Lor If MOH What Selling Expense or Windshield Engine Wages of assembly line worker Depreciation of factory machines Factory machinery lubricants Steering wheel Salary painting supervisor Salary of company president Rent on office building Utilities on factory building Factory safety manager Janitorial wages on...
Pinnacle Manufacturing manufactures custom wheel covers. Identify each of the preceding costs as either a prime cost period cost or conversion cost. If the cost is a prime cost, decide whether it is for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH). (Select "Both Prime and Conversion Costs" if both of the categories apply for a particular item.) Product Costs Prime/Conversion/Period cost MOH DM MOH MOH Period Cost Conversion Cost Prime Cost Conversion Cost Conversion Cost Administrative Salaries...
1.2] Examples of DM DL and MO Indicate whether each of the following costs of a pencil manufacturer would be classified as direct materials (DM), direct labor (DL), or manufacturing overhead (MO). a. Depreciation of pencil painting machinery b. m Lead inserted into pencils c. me Factory utilities DL Wages of assembly line worker Salary of supervisor no Factory machinery maintenance 9. DM Wood om Eraser compound
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...
Exercise 14-5 Classifying manufacturing costs LO C2 Selected costs related to Apple's iPhone are listed below. Identify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and administrative expenses by selecting the appropriate dropdowns. 1. Quality control supervisor salary 2. Uniforms provided for each factory worker 3. Depreciation on office equipment 4. Display screen 5. Camera 6. Advertising campaigns Maintenance of assembly equipment 8. Wages for retail store worker
1.
If the cost object is an airplane, classify each cost as one of
the following: direct material (DM), direct labour (DL),
indirect labour (IL), indirect materials (IM), other
manufacturing overhead (other MOH), or period cost. What is the
total for each type of cost?
2.
Calculate total manufacturing overhead costs.
3.
Calculate total inventoriable product costs.
4.
Calculate total prime costs.
5.
Calculate total conversion costs.
6.
Calculate total period costs.
An aircraft manufacturer incurred the following costs last...
Classify the various costs using the information below,
a) Behavior: fixed or variable cost
b) Traceability: direct or indirect
c) Financial reporting: product or period
d) If product cost, identify which items are direct materials,
direct labor or
manufacturing overhead.
Cost Classification Indirect Product DM Fixed variable Direct DL MOH Period Corporate office building depreciation Deprediation of Equipment used to build various custom houses Lumber Roof Concrete Insulation Ducting Paint Utilities for office (include gas, electric, and water) Mobile phone...
Classifying Costs The following is a list of costs that were incurred in the production and sale of large commercial airplanes: Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, r a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Classification Costs Period costs-administrative expense v a. Salary of chief compliance officer of company b....
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