Question

Lightup, Inc. manufactures various types of lamps in its Massachusetts facility. Classify the following costs as...

Lightup, Inc. manufactures various types of lamps in its Massachusetts facility. Classify the following costs as Manufacturing:

Direct Materials

Direct Labor

Manufacturing Overhead
or
Nonmanufacturing

Selling and Administrative

Depreciation of the company airplane (used only by the company president)
Salary of security guard at factory
Cost of brass and wiring for the lamps
Advertising
Depreciation on the factory equipment
Salaries of the lamp polishers
Insurance on the company airplane (used only by the company president)
Salary of the product engineer who sets up the automated equipment		 1) Direct Materials
2) Direct Labor
3) Manufacturing Overhead
4) Selling and administrative
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

1) Depreciation of the company airplane - Selling and administrative
2) Salary of security guard at factory - Manufacturing overhead
3) Cost of wiring and brass for the lamps - Direct Material
4) Advertising - Selling and administrative
5) Depreciation on the factory equipment - Manufacturing overhead
6) Salaries of the lamp polishers - Direct Labor
7) Insurance of the company airplane - Selling and administrative
8) Salary of the product engineer who sets up the automated equipment - Manufacturing overhead

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
8. Classify each of the following costs as a period cost or a product cost. If...
8. Classify each of the following costs as a period cost or a product cost. If you classify the cost as a product​ cost, further classify it as direct material​ (DM), direct labor​ (DL), or manufacturing overhead​ (MOH). ​(If the cost is a period​ cost, leave the classification box​ empty; do not select a​ label.) Period cost If product cost, or product cost DM, DL or MOH a1. Property taxes—30% of building is used for sales, marketing, and administrative offices...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very...
The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that the company incurs. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1. The cost of a hard drive installed...
ACME Company manufactures a specialty line of lamps. The company uses a job-order costing system. During...
ACME Company manufactures a specialty line of lamps. The company uses a job-order costing system. During the month, the following costs were incurred on Job 1041: direct materials $54,800 and direct labor $19,200. In addition, selling costs of $9,658 were incurred on the job. Manufacturing overhead was applied at the rate of $25 per machine-hour (MH) and Job 1041 required 320 MHs. If Job 1041 consisted of 8,280 lamps, the cost of goods sold per lamp was:
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $360,000 of manufacturing overhead for an estimated allocation base of 900 direct labor-hours. The following transactions took place during the year: Raw materials purchased on account,...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $360,000 of manufacturing overhead for an estimated allocation base of 900 direct labor-hours. The following transactions took place during the year: Raw materials purchased on account,...
Question #1: A Company reports the following costs and expenses in August. Factory utilities                           &
Question #1: A Company reports the following costs and expenses in August. Factory utilities                               $ 16,500            Direct labor                                        $79,100 Depreciation on factory                                           Sales salaries                                      51,400 equipment                                   12,650            Property taxes on factory                               Depreciation on delivery trucks          3,800                    building                                           2,500 Indirect factory labor                         48,900            Repairs to office equipment                   1,300 Indirect materials                              70,800            Factory repairs                                       2,000 Direct materials used                      157,600            Advertising                                           23,000 Factory manager's salary                   8,000            Office supplies used                              2,640 Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b)...
Jordan Glass Company makes stained glass lamps. Each lamp that it sells for $316.30 per lamp...
Jordan Glass Company makes stained glass lamps. Each lamp that it sells for $316.30 per lamp requires $16.50 of direct materials and $70.80 of direct labor. Fixed overhead costs are expected to be $189,000 per year. Jordan Glass expects to sell 1,000 lamps during the coming year. Selling and administrative expenses were zero. Required a. Prepare income statements using absorption costing, assuming that Jordan Glass makes 1,000, 1,250, and 1,500 lamps during the year. b. Prepare income statements using variable...
1. Classify the following as direct materials, direct labor, factory overhead, or selling and administrative expense.  ...
1. Classify the following as direct materials, direct labor, factory overhead, or selling and administrative expense.   Potatoes Wages of factory janitor Wages of raw potato inspectors Insurance on factory machines Cleaning solvent for the factory floor Cooking oil Salt Rent paid for factory buildings Depreciation on corporate offices Electric power consumed in operating factory machines Wages of the production supervisor Wages of machine operators Potato chip bags Boxes Electricity used in lighting corporate offices
1. Classify the following as direct materials, direct labor, factory overhead, or selling and administrative expense.  ...
1. Classify the following as direct materials, direct labor, factory overhead, or selling and administrative expense.   Potatoes Wages of factory janitor Wages of raw potato inspectors Insurance on factory machines Cleaning solvent for the factory floor Cooking oil Salt Rent paid for factory buildings Depreciation on corporate offices Electric power consumed in operating factory machines Wages of the production supervisor Wages of machine operators Potato chip bags Boxes Electricity used in lighting corporate offices
Knight Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300...
Knight Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300 Depreciation on factory equipment 13,350 Sales salaries 46,700 Depreciation on delivery trucks 4,600 Property taxes on factory building 3,300 Indirect factory labor 53,400 Repairs to office equipment 2,000 Indirect materials 83,100 Factory repairs 2,590 Direct materials used 142,700 Advertising 16,900 Factory manager’s salary 8,300 Office supplies used 3,150 From the information: Determine the total amount of manufacturing overhead ($) Determine the total amount of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT