Current Attempt in ProgressBramble Corporation incurred the following costs while manufacturing its product.Materials used in productDepreciation on plantProperty taxes on storeLabor costs of assembly-line workersFactory supplies used(a)Your answer is incorrect.Compute cost of goods manufactured.Cost of goods manufacturedLA$100,800$50,4006,30092,40019,400Advertising expenseProperty taxes on plantDelivery expenseSales commissionsSalaries paid to sales clerksWork in process inventory was $10,100 at January 1 and $13,000 at December 31. Finished goods inventory w1 and $38,300 at December 31.$37,80011,80017,60029,40042,000

SCHEDULE OF COST OF GOODS MANUFACTUREDSchedule Of Cost Of Goods Manufactured are those costs which…

Current Attempt in Progress Bramble Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured $ tA $100,800 50,400 6,300 92,400 19,400 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks Work in process inventory was $10,100 at January 1 and $13,000 at December 31. Finished goods inventory w 1 and $38,300 at December 31. $37,800 11,800 17,600 29,400 42,000

Current Attempt in Progress Bramble Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured $ tA $100,800 50,400 6,300 92,400 19,400 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks Work in process inventory was $10,100 at January 1 and $13,000 at December 31. Finished goods inventory w 1 and $38,300 at December 31. $37,800 11,800 17,600 29,400 42,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter8: Tactical Decision-making And Relevant Analysis

Section: Chapter Questions

Problem 45E

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3. What information might Tanaka use to change two items in requirement 2 to be direct-cost items rather than manufacturing overhead cost items? Exercise 5 (Cost of goods manufactured and sold) Compute cost of goods manufactured and cost of goods sold from the following account balances relating to 20X1 (in thousands): Property tax on plant building Marketing, distribution, and customer- service costs Finished goods inventory, January 1, 20X1 Plant utilities Work in process inventory December 31, 20X1 Depreciation of plant building P 3,000 37,000 27,000 17,000 26,000 9,000
Which one of the following is not an example of a committed fixed cost? None of the given answers. O a. O b. The property taxes of the factory plant. Ос. The cost of the accounting system of the company. d. O d. The salary of the deputy manager of customer call center. O e. The depreciation cost of the Headquarters offices.
These are true/false questions. process are classified as factory overhead cost. ____ 12. Differential analysis can aid management in making decisions on a variety of alternatives, including whether to discontinue an unprofitable segment and whether to replace usable plant assets. ____ 13. The excess of the cash flowing in from revenues over the cash flowing out for expenses is termed net cash flow. ____ 14. Purchase requisitions for Purchasing and the number of payroll checks for Payroll Accounting are examples of activity bases. ____ 15. Direct labor costs are included in the conversion costs of a product.
Which one of the following is not an example of a committed fıxed cost? a. None of the given answers. b. The salary of the deputy manager of customer call center. O c. The cost of the accounting system of the company. d. The property taxes of the factory plant. e. The depreciation cost of the Headquarters offices.
1. Property taxes on a manufacturing plant is an element of: a. Conversion cost b. Prime cost c. Period cost d. Fixed cost 2. Factory supplies for manufacturing plant are generally a. Prime cost b. Fixed cost c. Period cost d. Variable cost 3. Wages paid to timekeeper in a factory is a a. Prime cost b. Direct Material c. Conversion cost d. Direct labor
Which of the following costs is not a product cost? *1 pointa. Depreciation on the plant installed in the factoryb. The electricity cost of the office of factory foremanc. The cost of shipping finished products to customersd. The cost of fuel used in the factory
Statement 1: Manufacturing overhead is an indirect cost with respect to units of product. Statement 2: Depreciation on office equipment would be included in the cost of goods manufactured. Statement 3: Rent on factory building used in the production process would be classified as a period cost and as a fixed cost. Statement 4: The amount that a manufacturing company could earn by renting out unused portion of its warehouse is an example of an opportunity cost. Statement 5: Internal failure costs result from identification of defects during the appraisal process such as scrap, rejected products, rework and downtime. a. All statements are true b. Statements 1, 3 and 5 c.Statements 1, 2 and 4 are true are true d. Statements 1, 4 and 5 are true e.Statements 2, 4 and 5 are true f. Statements 2, 3 and 4 are true
23. Which of the following costs is relevant to a make-or-buy decision of a particular part of a product? a.The direct labor costs used to manufacture the part b.The depreciation on the plant used to manufacture the part c.The fixed annual rent paid for the office building d.The salary of the sales manager who sells the product
Required: Classify the following costs as period or traceable costs. Depreciation on office building Insurance expense for factory building Product liability insurance premium Transportation charges for raw materials Factory repairs and maintenance Rent for inventory warehouse Cost of raw materials Factory wages Salary to chief executive officer Depreciation on factory Bonus to factory workers Salary to marketing staff Administrative expenses Bad debt expense Advertising expense Research and development Warranty expense Electricity for plant
Which one of the following is an example of a discretionary fixed cost? O a. The property taxes of the factory plant. O b. The cost of the accounting system of the company. Oc The depreciation cost of the Headquarters offices. Od. The salary of the deputy manager of the factory plant. Oe None of the given answers. CLEAR MY CHOICE
Account Direct materials Direct manufacturing labor Power Gower Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2016: Supervision labor Materials-handling labor Maintenance labor solution path and answer to each of the questions given below. Support s and explanations to achieve the highest score Depreciation nated answer shects? Use answer sheets only to post your answers! Do corresponding question you give the answer to Classification All variable All variable All variable 20% variable 50% variable 40% variable 0% variable Amount (in $) 300 000 225 000 0% variable 37 500 56 250 60 000 75 000 95 000 Rent, property, taxes and administration Gower Inc. produced 75 000 units in 2016. Selling price - $20 per unit sold. Required: 1. Prepare a schedule of variable, fixed and total manufacturing costs for each category in 2016. Estimate total manufacturing costs and total manufacturing…
which one of the following is not an example of a committed fixed cost a . The cost of the accounting system of the company . b. None of the given answers . c. The depreciation cost of the Headquarters offices . d . The property taxes of the factory plant . e. The salary of the deputy manager of customer call center .