Question

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) Janitorial services provided for production
facility
l) Utility costs for retail store
m) Insurance costs for production facility
n) Assembly line workers

Homework Answers

Answer #1

Please comment for any explanation,

Thanks,

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
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
Identify whether each of the following costs should be classified as product costs or period costs....
Identify whether each of the following costs should be classified as product costs or period costs. Manufacturing Overhead AnswerProduct CostPeriod Cost Selling Expenses AnswerPeriod CostProduct Cost Administrative Expenses AnswerPeriod CostProduct Cost Advertising Expenses AnswerPeriod CostProduct Cost Direct Labor AnswerProduct CostPeriod Cost Direct Materials AnswerProduct CostPeriod Cost Sales Commissions AnswerPeriod CostProduct Cost Shipping AnswerPeriod CostProduct Cost Identify whether each of the following costs of a automobile manufacturer should be classified as direct materials, direct Labor or manufacturing overhead. Windshield AnswerDirect MaterialsDirect...
Identify if the following Colgate-Palmolive Company costs would be classified as direct materials cost, direct labor...
Identify if the following Colgate-Palmolive Company costs would be classified as direct materials cost, direct labor cost or indirect costs: a. Salaries paid to workers in the packing department____________ b. Maintenance provisions ____________ c. Manager's salary for the Morristown toothpaste plant, Tennessee____________ d. Packaging materials ____________ and. Depreciation in the production machinery ____________ F. Salary of process engineers____________ g. Depreciation at the Clarksville soap plant, Indiana____________ h. Resins for soap and shampoo products ____________ i. Essences and fragrances____________ j. Salaries...
During the year, a company purchased raw materials of $77,320, and incurred direct labor costs of...
During the year, a company purchased raw materials of $77,320, and incurred direct labor costs of $126,000. Overhead is applied at the rate of 80% of the direct labor cost. These are the inventory balances: Beginning Ending Raw materials inventory $17,435 $16,427 Work in process inventory 241,437 234,424 Finished goods inventory 312,841 342,384 Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold. Cost of materials used in production $ Cost...
1.Manufacturing costs are typically classified as Select one: a. direct materials or direct labor b. product...
1.Manufacturing costs are typically classified as Select one: a. direct materials or direct labor b. product costs or period costs c. direct materials, direct labor, or manufacturing overhead d. direct materials, direct labor, or selling and administrative 2. Raw materials inventory, January 1 $ 12,000 Raw materials inventory, December 31 16,000 Work in process, January 1 5,000 Work in process, December 31 8,000 Finished goods, January 1 17,000 Finished goods, December 31 12,000 Raw materials purchases 118,000 Direct labor 165,000...
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding...
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw materials cost for an audio system will total $74 per unit. Workers on the production lines are on average paid $12 per hour. An audio system usually takes 5 hours to complete. In...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 4 pounds at $10.00 per pound $ 40.00 Direct labor: 2 hours at $16.00 per hour 32.00 Variable overhead: 2 hours at $6.00 per hour 12.00 Total standard variable cost per unit $ 84.00 The company also established the following cost formulas for its selling expenses: Advertising: Fixed cost per month...
Problem 14-2A (Part Level Submission) Bell Company, a manufacturer of audio systems, started its production in...
Problem 14-2A (Part Level Submission) Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw materials cost for an audio system will total $74 per unit. Workers on the production lines are on average paid $12 per hour. An audio system usually takes...
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding...
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw materials cost for an audio system will total $ 75 per unit. Workers on the production lines are on average paid $ 13 per hour. An audio system usually takes  7 hours to complete....
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding...
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw materials cost for an audio system will total $77 per unit. Workers on the production lines are on average paid $14 per hour. An audio system usually takes 5 hours to complete. In...