Homework Answers
| 1 | Wood used in production of furniture—variable | |
| 2 | Fuel used in delivery trucks– variable | |
| 3 | Straight-line depreciation on factory buildings– fixed | |
| 4 | Screws used in production of furniture– variable | |
| 5 | Sales staff salaries– fixed | |
| 6 | Sales commissions– variable | |
| 7 | Property taxes– fixed | |
| 8 | Insurance on buildings– fixed | |
| 9 | Hourly wages of furniture craftsman– variable | |
| 10 | Salaries of factory supervisor– fixed | |
| 11 | Utilities expense– mixed | |
| 12 | Telephone bill– mixed | |
| 2 | ||
| High level | Low level | |
| Maintenance costs | 3180 | 10400 |
| Machine hours | 2010 | 4550 |
| Variable cost per machine hour =(3180-2010)/(10400-4550)= $0.20 | ||
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ignment Exercise 11-4 Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed,...
Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed, or mixed. Family...
Family Furniture Corporation incurred the following costs.
Identify the costs as variable, fixed, or mixed.
Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed, or mixed. Wood used in the production of furniture. 2. Fuel used in delivery trucks. 3. Straight-line depreciation on factory building 4. Screws used in the production of furniture 5. Sales staff salaries. 6. Sales commissions. 7. Property taxes. 8. Insurance on buildings. 9 Hourly wages of furniture craftsmen. 10. Salaries of...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation,...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1Salaries for assembly line inspectors. Insurance on factory machines Property taxes on the factory building. Factory repairs E Upholstery used in manufacturing furniture Wages paid to assembly line workers. Factory machinery depreciation. Glue, nails, paint, and other...
Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in...
Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1. Salaries for assembly line inspectors. 2. Insurance on factory machines. 3. Property taxes on the factory building. 4. Factory repairs. 5. Upholstery used in manufacturing furniture. 6. Wages paid to assembly line workers. 7. Factory machinery depreciation. 8....
U trect the statement ually incurred by Barum Corporation list of costs and expens cturer of...
U trect the statement ually incurred by Barum Corporation list of costs and expens cturer of furniture, in its factory Saries for assembly line inspectors Insurance on factory machines Property taxes on the factory building Factory repairs Upholstery used in manufacturing furniture Wages paid to assembly line workers Factory machinery depreciation Glue, nails, paint, and other small parts used in production 9. Factory supervisors' salaries. 10. Wood used in manufacturing furniture Instructions dify the above items into the following categories:...
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...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation,...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (C) manufacturing overhead Item Category Salaries for assembly line inspectors. Insurance on factory machines Property taxes on the factory building actory repairs. E Upholstery used in manufacturing furniture. Wages paid to assembly line workers. Ezactory machinery depreciation Glue, nails, paint, and other...
Exercise 10-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation,...
Exercise 10-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1. Salaries for assembly line inspectors. 2. Insurance on factory machines. 3. Property taxes on the factory building. Period Costs 4. Factory repairs. Direct Materials 5. Upholstery used in manufacturing furniture, Direct Labor or Manufacturing Overhead 6....
сиптепсиссер тоБез Classify each cost as variable, fixed, or mixed. Insurance on the buildings .. Property...
сиптепсиссер тоБез Classify each cost as variable, fixed, or mixed. Insurance on the buildings .. Property tax bill 1. Sales commission . Nails used to produce furniture 6. Fuel needed to operate the machinery 6. Hourly wages of the assembly-line workers 1. Rental of U-Haul charged based on daily rate plus 1. Depreciation on the building Rent paid for office space 5. Maintenance costs of delivery vans e Textbook and Media
Classify each cost as variable, fixed, or mixed. 1. Insurance on the buildings FixedVariableMixed 2. Property...
Classify each cost as variable, fixed, or mixed.
1.
Insurance on the buildings
FixedVariableMixed
2.
Property tax bill
VariableMixedFixed
3.
Sales commission
FixedMixedVariable
4.
Nails used to produce furniture
FixedVariableMixed
5.
Fuel needed to operate the machinery
MixedVariableFixed
6.
Hourly wages of the assembly-line workers
MixedVariableFixed
7.
Rental of U-Haul charged based on daily rate plus km
driven
VariableMixedFixed
8.
Depreciation on the building
FixedMixedVariable
9.
Rent paid for office space
MixedFixedVariable
10.
Maintenance costs of delivery vans
Practice Question 19 Pharmco incurred the following costs while manufacturing its product: Materials used in production,...
Practice Question 19 Pharmco incurred the following costs while manufacturing its product: Materials used in production, $120,000; factory depreciation, $60,000; property taxes on the administrative offices, $12,000; labor costs of assembly-line workers, $95,000; factory supplies used, $8,000; advertising expense, $13,000; property taxes on the factory, $20,000; delivery expense, $23,000; salaries of the sales staff, $53,000; and sales commissions, $17,000. The total product costs for Pharmco are O $303,000 O $315,000. O $391,000. O $421,000
Family Furniture Corporation incurred the following costs.
Identify the costs as variable, fixed, or mixed.
Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed, or mixed. Wood used in the production of furniture. 2. Fuel used in delivery trucks. 3. Straight-line depreciation on factory building 4. Screws used in the production of furniture 5. Sales staff salaries. 6. Sales commissions. 7. Property taxes. 8. Insurance on buildings. 9 Hourly wages of furniture craftsmen. 10. Salaries of...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1Salaries for assembly line inspectors. Insurance on factory machines Property taxes on the factory building. Factory repairs E Upholstery used in manufacturing furniture Wages paid to assembly line workers. Factory machinery depreciation. Glue, nails, paint, and other...
Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1. Salaries for assembly line inspectors. 2. Insurance on factory machines. 3. Property taxes on the factory building. 4. Factory repairs. 5. Upholstery used in manufacturing furniture. 6. Wages paid to assembly line workers. 7. Factory machinery depreciation. 8....
U trect the statement ually incurred by Barum Corporation list of costs and expens cturer of furniture, in its factory Saries for assembly line inspectors Insurance on factory machines Property taxes on the factory building Factory repairs Upholstery used in manufacturing furniture Wages paid to assembly line workers Factory machinery depreciation Glue, nails, paint, and other small parts used in production 9. Factory supervisors' salaries. 10. Wood used in manufacturing furniture Instructions dify the above items into the following categories:...
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...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (C) manufacturing overhead Item Category Salaries for assembly line inspectors. Insurance on factory machines Property taxes on the factory building actory repairs. E Upholstery used in manufacturing furniture. Wages paid to assembly line workers. Ezactory machinery depreciation Glue, nails, paint, and other...
Exercise 10-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1. Salaries for assembly line inspectors. 2. Insurance on factory machines. 3. Property taxes on the factory building. Period Costs 4. Factory repairs. Direct Materials 5. Upholstery used in manufacturing furniture, Direct Labor or Manufacturing Overhead 6....
сиптепсиссер тоБез Classify each cost as variable, fixed, or mixed. Insurance on the buildings .. Property tax bill 1. Sales commission . Nails used to produce furniture 6. Fuel needed to operate the machinery 6. Hourly wages of the assembly-line workers 1. Rental of U-Haul charged based on daily rate plus 1. Depreciation on the building Rent paid for office space 5. Maintenance costs of delivery vans e Textbook and Media
Classify each cost as variable, fixed, or mixed.
1.
Insurance on the buildings
FixedVariableMixed
2.
Property tax bill
VariableMixedFixed
3.
Sales commission
FixedMixedVariable
4.
Nails used to produce furniture
FixedVariableMixed
5.
Fuel needed to operate the machinery
MixedVariableFixed
6.
Hourly wages of the assembly-line workers
MixedVariableFixed
7.
Rental of U-Haul charged based on daily rate plus km
driven
VariableMixedFixed
8.
Depreciation on the building
FixedMixedVariable
9.
Rent paid for office space
MixedFixedVariable
10.
Maintenance costs of delivery vans
Practice Question 19 Pharmco incurred the following costs while manufacturing its product: Materials used in production, $120,000; factory depreciation, $60,000; property taxes on the administrative offices, $12,000; labor costs of assembly-line workers, $95,000; factory supplies used, $8,000; advertising expense, $13,000; property taxes on the factory, $20,000; delivery expense, $23,000; salaries of the sales staff, $53,000; and sales commissions, $17,000. The total product costs for Pharmco are O $303,000 O $315,000. O $391,000. O $421,000
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