Question

Classify as: direct materials,_____________________ , direct labor,__________________, manufacturing overhead____________________________,, or period cost_______________________,. 1 Materials(a) used in...

Classify as: direct materials,_____________________ , direct labor,__________________,

manufacturing overhead____________________________,, or period cost_______________________,.

1

Materials(a) used in product

2

Depreciation on plant

3

Property taxes on store  

4

Labor costs of assembly line workers

5

Factory supplies used

6

Advertising expense

7

Property taxes on plant

8

Delivery expense

9

Sales commissions

10

Salaries paid to sales clerks

Homework Answers

Answer #1

1

Materials(a) used in product

Direct Material

2

Depreciation on plant

Manufacturing Overhead

3

Property taxes on store  

Period Cost

4

Labor costs of assembly line workers

Direct Labour

5

Factory supplies used

Manufacturing Ovehead

6

Advertising expense

Period cost

7

Property taxes on plant

Manufacturing Overhead

8

Delivery expense

Period cost

9

Sales commissions

Period cost

10

Salaries paid to sales clerks

Period cost

If helpful, Thumbs UP please:)

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
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $130,300 Advertising...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $130,300 Advertising expense $55,200 Depreciation on plant 62,500 Property taxes on plant 24,300 Property taxes on store 8,270 Delivery expense 26,100 Labor costs of assembly-line workers 116,100 Sales commissions 38,100 Factory supplies used 34,000 Salaries paid to sales clerks 59,300 Work in process inventory was $14,400 at January 1 and $17,600 at December 31. Finished goods inventory was $61,100 at January 1 and $48,500 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,000 Salaries paid to sales clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and $45,600 at December...
Sheffield Corporation incurred the following costs while manufacturing its product. Materials used in product $123,100 Advertising...
Sheffield Corporation incurred the following costs while manufacturing its product. Materials used in product $123,100 Advertising expense $48,000 Depreciation on plant 62,700 Property taxes on plant 23,400 Property taxes on store 7,790 Delivery expense 31,200 Labor costs of assembly-line workers 116,000 Sales commissions 36,500 Factory supplies used 25,000 Salaries paid to sales clerks 53,500 Work in process inventory was $13,000 at January 1 and $17,500 at December 31. Finished goods inventory was $63,600 at January 1 and $46,100 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $129,600 Advertising...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $129,600 Advertising expense $49,600 Depreciation on plant 70,200 Property taxes on plant 21,000 Property taxes on store 7,690 Delivery expense 31,400 Labor costs of assembly-line workers 120,400 Sales commissions 42,400 Factory supplies used 29,200 Salaries paid to sales clerks 54,400 Work in process inventory was $14,400 at January 1 and $17,000 at December 31. Finished goods inventory was $70,200 at January 1 and $46,400 at December...
Exercise 10-8 (Part Level Submission) Flounder Corporation incurred the following costs while manufacturing its product. Materials...
Exercise 10-8 (Part Level Submission) Flounder Corporation incurred the following costs while manufacturing its product. Materials used in product $126,000    Advertising expense $48,300 Depreciation on plant 65,900    Property taxes on plant 23,500 Property taxes on store 8,030    Delivery expense 30,200 Labor costs of assembly-line workers 115,200    Sales commissions 37,200 Factory supplies used 32,200    Salaries paid to sales clerks 55,400 Work in process inventory was $14,400 at January 1 and $17,400 at December 31. Finished goods...
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...
Identify whether each of the below costs are direct materials, direct labor, manufacturing overhead, or period...
Identify whether each of the below costs are direct materials, direct labor, manufacturing overhead, or period costs. a) Advertising to sell the product b) Shipping costs for raw materials coming from a supplier c) Shipping costs for goods shipped to a customer d) Chief executive officer’s salary e) Production supervisor’s salary f) Depreciation on production equipment g) Raw materials used in production h) Paper used by the accounting staff i) Maintenance of production equipment j) Commissions paid to salespeople k)...
home / study / business / accounting / accounting questions and answers / Exercise 10-8 (Part...
home / study / business / accounting / accounting questions and answers / Exercise 10-8 (Part Level Submission) Flounder Corporation Incurred The Following Costs While ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: Exercise 10-8 (Part Level Submission) Flounder Corporation incurred the following costs while man... Exercise 10-8 (Part Level Submission) Flounder Corporation incurred the following costs while manufacturing its product. Materials used in product $126,000 Advertising expense $48,300...
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...
Kennedy Company reports the following costs and expenses in May. Factory utilities $ 13,500 Direct labor...
Kennedy Company reports the following costs and expenses in May. Factory utilities $ 13,500 Direct labor $79,100 Depreciation on factory Sales salaries 48,400 equipment 12,650 Property taxes on factory Depreciation, delivery trucks 3,800 building 2,500 Indirect factory labor 48,900 Electrical upgrade, factory 1,300 Indirect materials 70,800 Factory repairs 2,000 Direct materials used 157,600 Advertising 23,000 Factory manager's salary 8,000 Property taxes, home office 2,640 Instructions From the information, prepare schedules to determine the total amount of: (a) Manufacturing overhead. (b)...