FINANCIAL+MANAG.ACCT.
9th Edition
ISBN: 9781260728774
Author: Wild
Publisher: RENT MCG
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Chapter 14, Problem 8DQ
APPLE Assume that we tour Apple’s factory where it makes iPhones. List three direct costs and three indirect costs that we are likely to see.
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Apple produces tablet computers. Identify some of the variable and fixed product costs associated with that production. Hint: Limit costs to product costs.
Suppose the smartphone manufacturer Peony Electronics provides the following information for its costs last month (in millions):
(Click the icon to view the costs.)
Read the requirements.
Requirements 1, 2 and 3. Classify each of these costs according to its place in the value chain. Within the production category, break the costs down further into three subcategories: Direct Materials, Direct Labor, and
Manufacturing Overhead. Then calculate the total cost for each value chain category. (Enter amounts in millions. If an input field is not used in the table, leave the input field empty; do not enter a zero.)
Cost
Delivery expense
Salaries of salespeople
Chipset
Exterior case for phone
Assembly-line workers'
wages
Technical support hotline
Depreciation on plant and
equipment
Rearrange production
process
1-800 (toll-free) line for
customer orders
Scientists' salaries
Total costs
Cost
R and D
$ 14
Peony Electronics
Value Chain Cost Classification
Direct
Design Materials
LA
60
5
$…
Make versus buy, activity-based costing. The Svenson Corporation manufactures cellular modems. It manufactures its own cellular modem circuit boards (CMCB), an important part of the cellular modem. It reports the following cost information about the costs of making CMCBs in 2017 and the expected costs in 2018:
Chapter 14 Solutions
FINANCIAL+MANAG.ACCT.
Ch. 14 - Prob. 1QSCh. 14 - QS 14-4 Direct and indirect costs C2
Diez Company...Ch. 14 - Classifying product costs C2 Identify each of the...Ch. 14 - QS 14-6 Product and period costs C3
Identify each...Ch. 14 - Prob. 6QSCh. 14 - Exercise 14-1 Sources of accounting information C1...Ch. 14 - Prob. 5ECh. 14 - Prob. 10ECh. 14 - Prob. 13ECh. 14 - Prob. 14E
Ch. 14 - Prob. 15ECh. 14 - Prob. 16ECh. 14 - Exercise 14-17 Lean business practice C6 Many...Ch. 14 - Prob. 3PSACh. 14 - Problem 14-3B Schedule of cost of goods...Ch. 14 - Describe the managerial accountant’s role in...Ch. 14 - Distinguish between managerial and financial...Ch. 14 - Prob. 3DQCh. 14 - Prob. 4DQCh. 14 - Distinguish between (a) factory overhead and (b)...Ch. 14 - Prob. 6DQCh. 14 - What product cost is both a prime cost and a...Ch. 14 - APPLE Assume that we tour Apple’s factory where it...Ch. 14 - Prob. 9DQCh. 14 - Prob. 10DQCh. 14 - Prob. 11DQCh. 14 - Prob. 12DQCh. 14 - Prob. 13DQCh. 14 - Prob. 14DQCh. 14 - Prob. 15DQCh. 14 - Prob. 16DQCh. 14 - What are the three categories of manufacturing...Ch. 14 - List several examples of factory overhead.Ch. 14 - Prob. 20DQCh. 14 - GOOGLE Prepare a proper title for the annual...Ch. 14 - Prob. 22DQCh. 14 - Prob. 23DQCh. 14 - Prob. 24DQCh. 14 - Prob. 2BTN
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