In a manufacturing company the salary of the sales staff is an example of a period...
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Period costs are those costs which cannot be directly attributed to the products. The salaries paid to sales staff are hence treated as period costs. Comment if you face any issues |
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In
a manufacturing company the salary of the sales staff is an example
of a period...
During the review of the accounting records of Obert Manufacturing Company, you noted that the company...
During the review of the accounting records of Obert Manufacturing Company, you noted that the company incurred the following costs related to payroll during the month of June: Salary of the company president $32,000 Salary of the CFO $18,800 Salary of the VP of marketing $15,600 Salary of the plant manager $16,000 Salaries of the middle managers in the manufacturing plant such as dept. heads, production supervisors $19,600 Wages of production workers $938,000 Salaries of administrative staff $112,000 Salaries of...
Which of the following is an example of a manufacturing overhead cost? Multiple Choice CEO's salary...
Which of the following is an example of a manufacturing overhead cost? Multiple Choice CEO's salary repair and maintenance costs on the administrative building Insurance on sales employees' automobiles factory heating and lighting costs depreciation on administrative equipment
2-33 Inventoriable versus period costs. The following items appear as cost of a manufacturing company: A....
2-33 Inventoriable versus period costs. The following items appear as cost of a manufacturing company: A. Depreciation on plant and equipment B. Depreciation on delivery vans C. Insurance on plant and building D. Marketing manager's salary E. Raw materials E Manufacturing overheads G. Electricity bill for the residential quarters H. Production staff wages 1. Identify the following as either an inventoriable product cost or a period cost. 2. Using the following information, compute the cost of goods manufactured: 3. Direct...
The salary paid to the maintenance supervisor in a manufacturing plant is an example of Product...
The salary paid to the maintenance supervisor in a manufacturing plant is an example of Product Cost Manufacturing Overhead A)|No B) Yes C) Yes ) No Yes No Yes No O Option A Opiion 0 Option C 0 Option D
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost?
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost? A) Depreciation of factory equipment. B) Wages of salespersons C) Wages of machine operators D) Wages of machine operators2. The advertising costs incurred by Pepsi to air its commercials during the hockey season can best be described as A) Fixed cost B) Variable cost C) Prime cost D) Conversion cost 3. How would the wages of factory maintenance personnel usually be classified? A) Direct labour and manufacturing overhead B) Indirect labour and manufacturing overhead C) Direct...
The costs were taken from the accounting records of the Barnwell Manufacturing Company, Classify each item...
The costs were taken from the accounting records of the Barnwell Manufacturing Company, Classify each item as either a product cost or a period cost. Also, classify all product costs as direct or indirect, assuming that the cost object is each unit of product manufactured.(If not applicable then select NA.) Product Cost or Period Cost Direct Cost or Indirect Cost Items 1. State income taxes 2. Insurance on the manufacturing facilities 3. Supplies used in manufacturing 4. Wages for employees...
Complete the total amounts for each column. Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period...
Complete the total amounts for each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Complete the total amounts of each column. Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period...
Complete the total amounts of each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Classify the following costs incurred in the manufacturing of music CD's: MAT - Direct Materials Product...
Classify the following costs incurred in the manufacturing of music CD's: MAT - Direct Materials Product Cost LAB - Direct Labor Product Cost MOH - Manufacturing Overhead Product Cost SELL - Selling Expenses Period Cost ADM - Administrative Expenses Period Cost 1 Salary for the V. P. of Manufacutring 2 Salary for the V. P. of Human Resources 3 Plant janitorial costs 4 Corporate jet operating expense 5 Depreciation for the sales office 6 Depreciation on the production equipment 7...
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...
During the review of the accounting records of Obert Manufacturing Company, you noted that the company incurred the following costs related to payroll during the month of June: Salary of the company president $32,000 Salary of the CFO $18,800 Salary of the VP of marketing $15,600 Salary of the plant manager $16,000 Salaries of the middle managers in the manufacturing plant such as dept. heads, production supervisors $19,600 Wages of production workers $938,000 Salaries of administrative staff $112,000 Salaries of...
Which of the following is an example of a manufacturing overhead cost? Multiple Choice CEO's salary repair and maintenance costs on the administrative building Insurance on sales employees' automobiles factory heating and lighting costs depreciation on administrative equipment
2-33 Inventoriable versus period costs. The following items appear as cost of a manufacturing company: A. Depreciation on plant and equipment B. Depreciation on delivery vans C. Insurance on plant and building D. Marketing manager's salary E. Raw materials E Manufacturing overheads G. Electricity bill for the residential quarters H. Production staff wages 1. Identify the following as either an inventoriable product cost or a period cost. 2. Using the following information, compute the cost of goods manufactured: 3. Direct...
The salary paid to the maintenance supervisor in a manufacturing plant is an example of Product Cost Manufacturing Overhead A)|No B) Yes C) Yes ) No Yes No Yes No O Option A Opiion 0 Option C 0 Option D
1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost? A) Depreciation of factory equipment. B) Wages of salespersons C) Wages of machine operators D) Wages of machine operators2. The advertising costs incurred by Pepsi to air its commercials during the hockey season can best be described as A) Fixed cost B) Variable cost C) Prime cost D) Conversion cost 3. How would the wages of factory maintenance personnel usually be classified? A) Direct labour and manufacturing overhead B) Indirect labour and manufacturing overhead C) Direct...
The costs were taken from the accounting records of the Barnwell Manufacturing Company, Classify each item as either a product cost or a period cost. Also, classify all product costs as direct or indirect, assuming that the cost object is each unit of product manufactured.(If not applicable then select NA.) Product Cost or Period Cost Direct Cost or Indirect Cost Items 1. State income taxes 2. Insurance on the manufacturing facilities 3. Supplies used in manufacturing 4. Wages for employees...
Complete the total amounts for each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
Complete the total amounts of each column.
Product/Manufacturing Costs Direct Labor Manufacturing Overhead Period/Non Manufacturing Period Cost/Expense Direct Materials Depreciation on Factory Equipment Rent Expense - Sales Office Sales peoples Salaries Wood for making Chairs Wages for Assembly Line Workers Small nails& Glue for production Supplies for Accountants Depreciation on Delivery Truck Rent for Factory Factory Security Salaries Production Manager Salary Supplies Expense for factory Depreciation on Sales Cars Depreciation on factory computers Materials manager salary Factory Utilities Expense Sales...
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...
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