Question

An airline manufacturer incurred the following costs last month​ (in thousands of​ dollars): LOADING... ​(Clickthe icon...

An airline manufacturer incurred the following costs last month​ (in thousands of​ dollars):

LOADING...

​(Clickthe icon to view the​ costs.)Read therequirements

LOADING...

.

Requirement 1. Assuming the cost object is an​ airplane, classify each cost as one of the​ following: direct material​ (DM), direct labor​ (DL), indirect labor​ (IL), indirect materials​ (IM), other manufacturing overhead​ (other MOH), or period cost. What is the total for each type of​ cost? ​(Enter currency amounts in thousands and not in dollars. If a box is not used in the table leave the box​ empty; do not enter a​ zero.)

Other

DM

DL

IM

IL

MOH

Period

a.

Airplane seats. . . . . . . . . . . . . . . . . . . . . . . . .

b.

Production supervisors' salaries. . . . . . . . . . . . . .

c.

Depreciation on forklifts in factory. . . . . . . . . . . .

d.

Machine lubricants. . . . . . . . . . . . . . . . . . . . .

e.

Factory janitors' wages. . . . . . . . . . . . . . . . . . . . .

f.

Assembly workers' wages. . . . . . . . . . . . . . . . . . .

Enter any number in the edit fields and then click Check Answer.

Homework Answers

Answer #1
other period
DM DL IM IL MOH cost
a. Airplane seats 5,000
b. production supervisor's salaries 10,000
c. Depreciation on forklifts in factory 8,000
d. Machine lubricants 6,000
e. Factory janitor's wages 14,000
f. Assembly worker's wages 3,000
since you have not given the costs , I have added mine .You can replace the value
with your own
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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...
Choose teh correct classification: Product DM, DL, FOH Period Selling /G&Adm Direct or Indirect Variable or...
Choose teh correct classification: Product DM, DL, FOH Period Selling /G&Adm Direct or Indirect Variable or Fixed 1. Depreciation on salespersons’ cars 2. Rent on equipment used in teh factory 3. Lubricants (purchased in 5kg packaging) used for machine maintenance 4. Wages of people paid per hour who work in teh finished goods warehouse 5. Soap and paper towels used by factory workers at teh end of a shift 6. Factory supervisors’ salaries 7. Heat, water, and power consumed in...
Paul Stanley specializes in manufacturing motorcycle helmets. During the current period, the following costs were incurred....
Paul Stanley specializes in manufacturing motorcycle helmets. During the current period, the following costs were incurred. For each cost, indicate whether the cost would be considered to be DM--direct material; DL--direct labor; OH--factory overhead; or PC-period cost. 1. Maintenance costs on factory building _______ 2. Factory manager's salary ________ 3. Advertising for helmets ________ 4. Sales commissions ________ 5. Depreciation on factory building ________ 6. Rent on factory equipment ________ 7. Insurance on factory building ________ 8. Plastic used to...
Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last...
Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars):    Information on January 1 (Beginning): Direct materials inventory $ 82 Work-in-process inventory 118 Finished goods inventory 1,690 Information for the year: Administrative costs $ 3,670 Direct labor 12,650 Direct materials purchases 8,280 Factory and machine depreciation 11,590 Factory supervision 758 Factory utilities 961 Indirect factory labor 2,940 Indirect materials and supplies 687 Marketing costs 1,490...
The following data (in thousands of dollars) have been taken from the accounting records of Rayburn...
The following data (in thousands of dollars) have been taken from the accounting records of Rayburn Corporation for the current year. Sales $1,980 Selling expenses 280 Factory overhead 460 Direct labor 400 Administrative expenses 300 Purchases of direct materials 240 Finished goods inventory, beginning 240 Finished goods inventory, ending 320 Materials inventory, beginning 80 Materials inventory, ending 140 Work in process inventory, beginning 140 Work in process inventory, ending 100 Required: Enter all amounts in thousands of dollars. a. What...
The following is a list of costs that were incurred in producing a textbook. Please indicate...
The following is a list of costs that were incurred in producing a textbook. Please indicate whether     each cost is:     (a) a product or period cost, and     (b) if it is a product cost, whether it is a direct material, direct labor, or factory overhead cost. Insurance on the factory building and equipment Salary of the vice president of finance Hourly wages of printing press operators during production Straight-line depreciation on the printing presses used to manufacture...
Elliott Company, a manufacturer of tennis rackets, started production in November 2017. For the preceding 5...
Elliott Company, a manufacturer of tennis rackets, started production in November 2017. For the preceding 5 years, Elliott had been a retailer of sports equipment. After a thorough survey of tennis racket markets, Elliott decided to turn its retail store into a tennis racket factory. Raw materials cost for a tennis racket will total $23 per racket. Workers on the production lines are paid on average $15 per hour. A racket usually takes 2 hours to complete. In addition, the...
During January 2020, the following transactions occurred: 3. Labor was incurred as follows. All labor costs...
During January 2020, the following transactions occurred: 3. Labor was incurred as follows. All labor costs are recorded as Payroll Payable initially, and the liability is reduced when the cash payment is made.                         Direct Labor:                                        Hours            Dollars                                     Job 870                                         150             $2,400                                     Job 871                                         650               9,750                                     Job 872                                       1200             16,200                                     Job 873                                         400               6,200                                                       Job 874                                         350               5,950                         Indirect labor                                                                 9,250                         Marketing and administrative labor                            39,400 4. Manufacturing overhead was applied...
Fancy Millwork has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
Fancy Millwork has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials and labor for the cabinets are determined by each job. To simplify the assignment, we will assume the following average costs. The company estimates that it will have 32,000 direct labor hours in total for the kitchen cabinets. The materials include $2,000 for the wood and other materials on a per job basis. It requires 40 hours of labor on average for a custom...
We constantly seem to be pricing ourselves out of some markets and not charging enough in...
We constantly seem to be pricing ourselves out of some markets and not charging enough in others. Our pricing policy is pretty simple: we mark up our full manufacturing cost by 50%. That means a computer that costs us $2,000 to manufacture will sell for $3,000. Until now I thought this was a workable approach, but now I’m not so sure. Steve Works, CEO, Cortland Manufacturing, Inc. (CMI) Steve’s Controller, Sally Nomer, had just told him that she believed the...