Homework Answers
Product cost is the cost which is essential to manufacture the product like Direct Material, Direct Labour & Manufacturing Overheads. On the other hand, Period cost is cost which can not be direct directly attributable to product like administrative & Selling expenses.
Below is cost classification:
Coconut Flakes used in Cookies -- Product Cost
Depreciation on ovens -- Period Cost
Insurance in computers used in accounting office -- Period Cost
Wages for Bakery Security Guard -- Period Cost
Salaries to Bakers who bakes cookies -- Product Cost
Electricity for Bakery -- Period Cost
Meeting for Corporate Headqtrs -- Period Cost
Freight for shipping cookies to customers -- Period Cost
Salary to Baking Supervisor -- Period Cost
Add Answer to:
Identify the following as either a product cost or a period
cost. coconut flakes used in...
Insert Page Layout Formulas Home Data Review View ACROBAT Add-ins Team Tell me Calibri 11 AA==...
Insert Page Layout Formulas Home Data Review View ACROBAT Add-ins Team Tell me Calibri 11 AA== . Wrap Text General Copy BIU. 3. S.A $ Merge & Center - % Format Painter 88 Condit * Format Font Alignment Number - X Manufacturing overhead (MOH) board Requirementi a. Identify the following as either a product cost or a period cost. b. Select the appropriate product cost category, or select expense. Description Cost Classification Coconut flakes used in the cookies. Product Depreciation...
Classify each cost as either a product cost or a period cost. Indicate whether each product...
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, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Costs Classification a. Attorney fees for drafting a new lease for headquarters offices. b. Cash paid to outside firm for janitorial services for factory. c. Commissions paid to sales representatives, based on the number of ATVs...
D. $0.40 Example 45: Classify each of the following as either period or product. If a...
D. $0.40 Example 45: Classify each of the following as either period or product. If a cost is a period cost, indicate whether it would be a selling or an administrative cost. If a cost is a product cost, indicate whether it is direct or indirect. Item Period Cost Product Cost Selling Administrative Direct Indirect Rent on a sales office Direct materials Sales commissions Rent on a factory building Secretarial salaries for the sales force Assembly line worker wages Product...
Identify each of the following costs as either a product cost or a period cost. Period...
Identify each of the following costs as either a product cost or a period cost. Period cost 1. Production manager's salary 2. Administrative expenses 3. Income tax expense 4. Office supplies used 5. Accident insurance-Factory workers 6. Factory utilities 7. Factory maintenance 8. Sales commissions Period cost Product cost Product cost (Product cost Period cost Identify each of the following costs as either direct materials, direct labor, or factory overhead. The company manufactures ten Direct labor 1. Wages paid to...
Requirement 2 Complete the Schedule of Cost of Goods Manufactured. (Always use cell references and formulas...
Requirement 2 Complete the Schedule of Cost of Goods Manufactured. (Always use cell references and formulas where appropriate to receive full credit. Al values should be added as positive numbers.) Fremont Troll House Cookies Schedule of Cost of Goods Manufactured Month Ended March 31, 2018 $ 2,500 Direct Materials Used Direct Labor Manufacturing Overhead Beginning Work-in-Process Inventory Ending Work in Process Inventory Requirement 3 Using the results from Requirement 2, calculate the cost per unit for goods manufactured assuming 16,000...
requirement 2 complete the schedule of cost of goods manufactured step 3 not step 2 Requirement...
requirement 2 complete the schedule of cost of goods
manufactured step 3 not step 2
Requirement 2 Complete the Schedule of Cost of Goods Manufactured Always use cell references and formulas where appropriate to receive full credit. All values should be added as poutive number Fremont Troll House Cookies Schedule of Cost of Goods Manufactured Month Ended March 31, 2018 Beginning Work in Process Inventory Cost of Goods Manufactured Requirement 3 Using the results from Requirement 2, calculate the cost...
Identify the following costs into either being product cost or period cost: A. Wages incurred in...
Identify the following costs into either being product cost or period cost: A. Wages incurred in producing products B. Leasing expense for forklift trucks in warehouse operation C. Material handling cost related to production D. Raw material costs E. Fire insurance premium paid on factory buildings F. Salary paid for plant manager G. Interest expenses on borrowed funds H. Salary paid for engineers I. Income taxes paid J. Electric bill for the warehouse operation
10 Identify each of the following costs as either a product cost or a period cost. 1. Depreciation-Factory equipment oints 2. Depreciation-Office equipment 3. Rent on factory building eBook 4. In...
10 Identify each of the following costs as either a product cost or a period cost. 1. Depreciation-Factory equipment oints 2. Depreciation-Office equipment 3. Rent on factory building eBook 4. Interest expense Print 5. Office manager salary 6. Indirect materials used in making goods References 7. Advertising 8. Assembly line wages 10 of 10 Prey
10 Identify each of the following costs as either a product cost or a period cost. 1. Depreciation-Factory equipment oints 2. Depreciation-Office equipment 3. Rent...
Calculate Unit Profit for each product (in cells B8:I8) and Total Profit (in cell B19) Calculate ...
Calculate Unit Profit for each product (in cells B8:I8) and
Total Profit (in cell B19)
Calculate total capacity required in Department 1 (overtime) in
cell B24 and Department 2 (regular and overtime) in cells
B25:B26
Calculate total units produced of each product family in cells
B28:B31.
Table 1 Product Table Floor Ceiling Pendant Material cost $66 85 50 80 Table 2 Regular Time Process Unit Cost $16 12 Capacity 100,000 90,000 Unit Cost 18 15 Capacity 25,000 24,000 Table 3...
I have to find the fixed costs for GROOMER Also I have to write the answer...
I have to find the fixed costs for GROOMER
Also I have to write the answer with the Excel
formula
E FO Number 5 Formatting Table Styles Clipboard Font Alignment Styles Q12 . в со E F G H I J K L M мора For simplicity, base all calculations using 30 days in each month OPERATIONAL DATA Grooming: The Groomer can groom 5 dogs a day, 5 days a week Each grooming takes 1.5 labor hours Day Care: The...
Insert Page Layout Formulas Home Data Review View ACROBAT Add-ins Team Tell me Calibri 11 AA== . Wrap Text General Copy BIU. 3. S.A $ Merge & Center - % Format Painter 88 Condit * Format Font Alignment Number - X Manufacturing overhead (MOH) board Requirementi a. Identify the following as either a product cost or a period cost. b. Select the appropriate product cost category, or select expense. Description Cost Classification Coconut flakes used in the cookies. Product Depreciation...
D. $0.40 Example 45: Classify each of the following as either period or product. If a cost is a period cost, indicate whether it would be a selling or an administrative cost. If a cost is a product cost, indicate whether it is direct or indirect. Item Period Cost Product Cost Selling Administrative Direct Indirect Rent on a sales office Direct materials Sales commissions Rent on a factory building Secretarial salaries for the sales force Assembly line worker wages Product...
Identify each of the following costs as either a product cost or a period cost. Period cost 1. Production manager's salary 2. Administrative expenses 3. Income tax expense 4. Office supplies used 5. Accident insurance-Factory workers 6. Factory utilities 7. Factory maintenance 8. Sales commissions Period cost Product cost Product cost (Product cost Period cost Identify each of the following costs as either direct materials, direct labor, or factory overhead. The company manufactures ten Direct labor 1. Wages paid to...
Requirement 2 Complete the Schedule of Cost of Goods Manufactured. (Always use cell references and formulas where appropriate to receive full credit. Al values should be added as positive numbers.) Fremont Troll House Cookies Schedule of Cost of Goods Manufactured Month Ended March 31, 2018 $ 2,500 Direct Materials Used Direct Labor Manufacturing Overhead Beginning Work-in-Process Inventory Ending Work in Process Inventory Requirement 3 Using the results from Requirement 2, calculate the cost per unit for goods manufactured assuming 16,000...
requirement 2 complete the schedule of cost of goods
manufactured step 3 not step 2
Requirement 2 Complete the Schedule of Cost of Goods Manufactured Always use cell references and formulas where appropriate to receive full credit. All values should be added as poutive number Fremont Troll House Cookies Schedule of Cost of Goods Manufactured Month Ended March 31, 2018 Beginning Work in Process Inventory Cost of Goods Manufactured Requirement 3 Using the results from Requirement 2, calculate the cost...
10 Identify each of the following costs as either a product cost or a period cost. 1. Depreciation-Factory equipment oints 2. Depreciation-Office equipment 3. Rent on factory building eBook 4. Interest expense Print 5. Office manager salary 6. Indirect materials used in making goods References 7. Advertising 8. Assembly line wages 10 of 10 Prey
10 Identify each of the following costs as either a product cost or a period cost. 1. Depreciation-Factory equipment oints 2. Depreciation-Office equipment 3. Rent...
Calculate Unit Profit for each product (in cells B8:I8) and
Total Profit (in cell B19)
Calculate total capacity required in Department 1 (overtime) in
cell B24 and Department 2 (regular and overtime) in cells
B25:B26
Calculate total units produced of each product family in cells
B28:B31.
Table 1 Product Table Floor Ceiling Pendant Material cost $66 85 50 80 Table 2 Regular Time Process Unit Cost $16 12 Capacity 100,000 90,000 Unit Cost 18 15 Capacity 25,000 24,000 Table 3...
I have to find the fixed costs for GROOMER
Also I have to write the answer with the Excel
formula
E FO Number 5 Formatting Table Styles Clipboard Font Alignment Styles Q12 . в со E F G H I J K L M мора For simplicity, base all calculations using 30 days in each month OPERATIONAL DATA Grooming: The Groomer can groom 5 dogs a day, 5 days a week Each grooming takes 1.5 labor hours Day Care: The...
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