Homework Answers
| Fixed or Variable | Product or Period | If Product Cost, DM, DL, or OH | |
| Property taxes, factory | Fixed | Product | OH |
| Salesperson's commissions | Variable | Period | |
| Supervisor salary, factory | Fixed | Product | OH |
| Wages of workers assembling components | Variable | Product | DL |
| Tires used in automobile production | Variable | Product | DM |
| Shipping costs on merchandise sold | Variable | Period | |
| Automobiles for company executives | Fixed | Period | |
| Cost of AM/FM car stereos with CD Player | Variable | Product | DM |
| Lubricants for machinery | Fixed | Product | OH |
| Cost of workers painting the product | Variable | Product | DL |
| Cost of shipping radar sets to customers | Variable | Period | |
| Utilities for administrative offices | Fixed | Period | |
| Utilities for factory machinery | Variable | Product | OH |
| Utilities for factory building | Fixed | Product | OH |
| Plant manager salary | Fixed | Product | OH |
Add Answer to:
4) Lets Assume we are a car company: If Product Product Fixed or Variable Cost,DM, DL...
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...
DM Product or DL Data Section Factory rent Company advertisin Wages paid to assembly workers Depreciation...
DM Product or DL Data Section Factory rent Company advertisin Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factor Assembly supervisor salar Sandpaper President's salar Plastic tubin Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters Cost Period $3,200 Product $1,000Period МОН MOH S30,000 $2,000 $500 $900 $3,500 150 $6,000 $4,200 $250 $1,200 $1,000 $2,000 $7,500 4,200 a) Direct materials b) Direct labor c) Manufacturing overhead d) Prime cost e) Conversion cost...
Indicate whether each item below is a product cost (inventoriable cost) or a period cost. If...
Indicate whether each item below is a product cost (inventoriable cost) or a period cost. If it’s a product cost say whether it is DM (direct materials), DL (direct labor) or MO (manufacturing overhead, also called indirect manufacturing costs). If it is a period cost, indicate whether it is AE (administrative expense) or SE (selling expense). Also indicate whether it is a fixed cost (FC) or a variable cost (VC). These costs are for a company that makes tires. Cost...
For each cost item below, indicate whether it would be variable or fixed with respect to...
For each cost item below, indicate whether it would be variable or fixed with respect to the number of units produced and sold: and then whether it would be a selling cost, an administrative cost or a manufacturing cost. If it is a manufacturing cost, indicate if it is a direct cost or an indirect cost with respect to the units of product (Ex provided #1 & #2) Variable or Selling Administrative Manufacturing (Product) Cost Cost Item Fixed Cost Cost...
(pa5)wachowski company reported these cost data for the year 2017 (PA4) Listed as follows are various...
(pa5)wachowski company reported these cost data for the year
2017
(PA4) Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or period cost. a. Wages of administrative staff b. Shipping costs on merchandise sold C. Wages of workers assembling computers d. Cost of lease on factory equipment e. Insurance on factory f. Direct materials used in production of lamps g. Supervisor salary, factory h. Advertising costs_ i....
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...
16. The cost of a manufactured product generally consists of which of the following costs? a...
16. The cost of a manufactured product generally consists of which of the following costs? a direct materials cost and factory overhead cost only b. direct labor cost and factory overhead cost only c. direct labor cost, direct materials cost, and factory overhead cost d. direct materials cost and direct labor cost only 17. Materials must have which two qualities in order to be classified as direct materials? a. They must be classified as both prime costs and conversion costs. b....
Problem 1-23 Cost Classification [LO1-1, LO1-3, LO1-4] Listed below are costs found in various organizations. Required:...
Problem 1-23 Cost Classification [LO1-1, LO1-3, LO1-4] Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing (Product) Cost...
trouble filling in chart Problem 1-23 Cost Classification (L01-1, LO1-3, LO1-4) Listed below are costs found...
trouble filling in chart
Problem 1-23 Cost Classification (L01-1, LO1-3, LO1-4) Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold, and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of...
Problem 1-23 Cost Classification [LO1-1, LO1-3, L01-4] Listed below are costs found In varlous organizations Required...
Problem 1-23 Cost Classification [LO1-1, LO1-3, L01-4] Listed below are costs found In varlous organizations Required For each cost Item, Indicate whether It would be variable or fixed with respect to the number of units produced and sold, and then whether t would be a selling cost, an administrative cost, or a manufacturing cost. If It is a manufacturing cost, Indicate whether It is a direct cost or an Indirect cost with respect to units of product. Manufacturing (Product) Cost...
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...
DM Product or DL Data Section Factory rent Company advertisin Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factor Assembly supervisor salar Sandpaper President's salar Plastic tubin Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters Cost Period $3,200 Product $1,000Period МОН MOH S30,000 $2,000 $500 $900 $3,500 150 $6,000 $4,200 $250 $1,200 $1,000 $2,000 $7,500 4,200 a) Direct materials b) Direct labor c) Manufacturing overhead d) Prime cost e) Conversion cost...
(pa5)wachowski company reported these cost data for the year
2017
(PA4) Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or period cost. a. Wages of administrative staff b. Shipping costs on merchandise sold C. Wages of workers assembling computers d. Cost of lease on factory equipment e. Insurance on factory f. Direct materials used in production of lamps g. Supervisor salary, factory h. Advertising costs_ i....
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...
16. The cost of a manufactured product generally consists of which of the following costs? a direct materials cost and factory overhead cost only b. direct labor cost and factory overhead cost only c. direct labor cost, direct materials cost, and factory overhead cost d. direct materials cost and direct labor cost only 17. Materials must have which two qualities in order to be classified as direct materials? a. They must be classified as both prime costs and conversion costs. b....
Problem 1-23 Cost Classification [LO1-1, LO1-3, LO1-4] Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing (Product) Cost...
trouble filling in chart
Problem 1-23 Cost Classification (L01-1, LO1-3, LO1-4) Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold, and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of...
Problem 1-23 Cost Classification [LO1-1, LO1-3, L01-4] Listed below are costs found In varlous organizations Required For each cost Item, Indicate whether It would be variable or fixed with respect to the number of units produced and sold, and then whether t would be a selling cost, an administrative cost, or a manufacturing cost. If It is a manufacturing cost, Indicate whether It is a direct cost or an Indirect cost with respect to units of product. Manufacturing (Product) Cost...
Most questions answered within 3 hours.
-
Batteries are one of the major imports of the US from China.
Batteries cost 10 Yuan...
asked 1 minute from now -
the
Kb of ammonia (NH3) at 25.0 C is 1.75 x 10-5. Calculate the pH of...
asked 6 minutes ago -
aluminum maker Alcoa has a beta of about 1.86, whereas Hormel
Foods has a beta of...
asked 16 minutes ago -
Hewtex Electronics manufactures two products, headsets and
electronic calculators, and sells them nationally to wholesalers
and...
asked 18 minutes ago -
PHP
Create an HTML Form that asks for a series of
personal information from the user,...
asked 9 minutes ago -
The cash account for American Medical Co. at April 30 indicated
a balance of $10,785. The...
asked 15 minutes ago -
Describe how to measure benefits, including specific examples of
clinical and financial benefits that can be...
asked 31 minutes ago -
Costs associated with the manufacture of miniature
high-sensitivity piezoresistive pressure transducers is $74,000 per
year. A...
asked 46 minutes ago -
Given the following information for Jane Cole complete schedule
D of 1040 through part III and...
asked 45 minutes ago -
Why doesn't a small piece of uranium go naturally into a chain
reaction?
A) A small...
asked 50 minutes ago -
Last year’s freshman class at Big State University totaled 5,324
students. Of those, 1,254 received a...
asked 58 minutes ago -
The transverse displacement of a stretched string from
equilibrium as a function of time and position...
asked 1 hour ago