Which of the following costs is best classified as fixed costs with respect to volume? 1....
Which of the following costs is best classified as fixed costs with respect to volume?
1. Parts used in manufacturing digital cameras
2.Depreciation of a copy machine in the Human Resource Department
3.Salaries of quality inspectors in a production facility
4. Electricity used to heat, light, and cool a hospital
Homework Answers
Answer is
Depreciation of a copy machine in the Human Resource Department
Fixed costs do not vary with changes in level of activities hence Depreciation cost on Copy Machine is a fixed cost which doesnt changes with change in level of activities.
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Which of the following costs is best classified as fixed costs
with respect to volume?
1....
The company intends to classify these costs and expens d expenses into the following categories: (a)...
The company intends to classify these costs and expens d expenses into the following categories: (a) din (b) direct labor, (c) manufacturing overhead, and (d) period costs. nital are in t's X-ray. A list Instructions List the items (1) the the items (1) through (10). For each item, indicate the cost category to which it belongs 1.6 (LO2), c Service The administrators of Crawford County's Memorial Hospitala in identifying the identifying the various costs and expenses that are incurred in...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct labor c. Manufacturing overhead. Write the appropriate letter in the space provided. A Factory machinery lubricants B. Depreciation on manufacturing building D. Wood used in manufacturing furniture C. Assembly line worker's wages Salaries for the night security guards for the factory building Glue, nails and other small parts used in production Insurance on factory machines Factory supervisor's salaries Metal used in manufacturing process -...
E19-5 Ikerd Company is a manufacturer of personal computers. Various costs and expenses associated with its...
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Various costs and expenses associated with its operations are as
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Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or...
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or period costs. (b) Explain the basic difference in accounting for product costs and period costs. ect labor, manufacturing over- $69,100 46,400 E14.4 Knight Company reports the following costs and expenses in May. Factory utilities $ 15,500 Direct labor Depreciation on factory Sales salaries equipment 12,650 Property taxes on factory Depreciation on delivery trucks 3,800 building Indirect factory labor 48,900 Repairs to office equipment Indirect...
Which one of the following is NOT usually an effective way to reduce production/assembly costs and/or...
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Exercise 1-1 Identifying Direct and Indirect Costs [LO1-1] Northwest Hospital is a full-service hospital that provides...
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Accounting E1.4 (LO2), AP Knight Company reports the following costs and expenses in May. $ 15,500...
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Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
The company intends to classify these costs and expens d expenses into the following categories: (a) din (b) direct labor, (c) manufacturing overhead, and (d) period costs. nital are in t's X-ray. A list Instructions List the items (1) the the items (1) through (10). For each item, indicate the cost category to which it belongs 1.6 (LO2), c Service The administrators of Crawford County's Memorial Hospitala in identifying the identifying the various costs and expenses that are incurred in...
I. Match: Determine whether each of the following is classified as a. Direct Materials b. Direct labor c. Manufacturing overhead. Write the appropriate letter in the space provided. A Factory machinery lubricants B. Depreciation on manufacturing building D. Wood used in manufacturing furniture C. Assembly line worker's wages Salaries for the night security guards for the factory building Glue, nails and other small parts used in production Insurance on factory machines Factory supervisor's salaries Metal used in manufacturing process -...
E19-5 Ikerd Company is a manufacturer of personal computers.
Various costs and expenses associated with its operations are as
follows
24/35 7,500 Delivery expense Property taxes on store Labor costs of assembly-line workers Factory supplies used 21,000 35,000 50,000 110,000 Sales commissions Salaries paid to sales clerks 13,000 (a) Identify each of the above costs as direct materials, direct labor, manufacturing over head, or period costs (b) Explain the basic difference in accounting for product costs and period costs. E19-4...
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or period costs. (b) Explain the basic difference in accounting for product costs and period costs. ect labor, manufacturing over- $69,100 46,400 E14.4 Knight Company reports the following costs and expenses in May. Factory utilities $ 15,500 Direct labor Depreciation on factory Sales salaries equipment 12,650 Property taxes on factory Depreciation on delivery trucks 3,800 building Indirect factory labor 48,900 Repairs to office equipment Indirect...
Which one of the following is NOT usually an effective way to reduce production/assembly costs and/or marketing costs per action-capture camera sold in an effort to achieve a sizable low-cost competitive advantage over rivals? Investing in robot-assisted assembly methods to help lower labor costs per camera assembled Trying out numerous different combinations of components, product enhancements, and extra performance features to be used in action cameras in order to discover the lowest cost combination for achieving a competitively appealing P/Q...
Exercise 1-1 Identifying Direct and Indirect Costs [LO1-1] Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics. Required: For each of the following costs incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object. Direct Cost/Indirect Cost Direct Cost Cost Cost Object Ex. Catered food served to patients A particular patient 1. The wages of pediatric nurses...
2. Costs are classified in many different ways, The following are costs that were incurred by Nike, Inc. a. rubber for the sole of the shoe, $6 per shoe b. rent on the manufacturing facility building, $188,000 annually c. sales manager salary, $127,000 annually d. worker who operates the machine that puts the shoe together, $2 per shoe e. shoe laces, $1.80 per shoe f. worker who puts the shoes in the shoe box, $0.20 per shoe g. insurance on...
Accounting E1.4 (LO2), AP Knight Company reports the following costs and expenses in May. $ 15,500 $69,100 46,400 Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 12,650 3,800 48,900 80,800 137.600 8,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,500 1,300 2.000 15,000 2,640 Instructions From the information, determine the total amount of: a. Manufacturing...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
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