Identify the following costs as a product cost or a period cost for an automobile manufacturer. a.
Question:
a. Rent on office building
b. Accounting staff salaries
c. Steel
d. Wages of employees that operate painting equipment
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a Period cos...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: b010ikdqzm
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for a textbook publisher. a. Maintenance on printing machines b. Glue used to bind books c. Wages of...
-
A market researcher for an automobile manufacturer intends to conduct a nationwide survey concerning car repairs. Among the questions included in the survey is the following: "What was the cost of...
-
Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for an automobile manufacture. a. Steel b. Wages of employ that operate painting equipment c. Oil...
-
Education is a very important job because it can change and shape people's lives. It gives people the knowledge, skills, and attitudes they need to be successful in their personal and work lives. As...
-
Your employer, a mid-sized human resources management company, is considering expansion into related fields, including the acquisition of Temp Force Company, an employ mentagency that supplies word...
-
Distinguish between the terms rich and lean.
-
Philip and Lance have decided to form a partnership by investing \($100000\) and \($80000\) respectively. The following plans for dividing profits and losses are under consideration. Sharing profits...
-
A sinking fund can be set up in one of two ways. Discuss the advantages and disadvantages of each procedure from the viewpoint of both the firm and its bondholders.
-
A zookeeper finds an escaped monkey hanging from a light pole. Aiming her tranquilizer gun at the monkey, she kneels 10.0 m above the ground. At the same moment that the monkey drops a banana, the...
-
A 3-year project is under consideration. Here's what's known about its cash flows: $3,000,000 would need to be spent immediately to buy production equipment The production equipment will be...
-
Three phases of the management process are controlling, planning, and decision making. Match the following descriptions to the proper phase. Phase of management process Description Planning a....
-
Identify the following costs as a product cost or a period cost for a textbook publisher. a. Paper used to make a textbook b. Depreciation expensecorporate headquarters c. Sales salaries d....
-
Serene Brakes manufactures brake pads and other automotive components. The firms CEO is very pleased that aggressive cost cutting appears to be paying off as the firms cost per unit has decreased...
-
Hampton Industries had $62,000 in cash at year-end 2020 and $14,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $130,000 the majority having a useful life...
-
Pet Value paid $138 for a dog bed. Expenses are 22% of cost and the profit is 13% of cost. 1) What is the regular selling price ? 2) If the dog bed is sold at cost, what is the resulting profit or...
-
Show that argz -arg|z And arg(1/z) = -argz
-
A partnership begins its first year with the following capital balances: Alexander, Capital $90,000 Bertrand, Capital 100,000 Coloma, Capital 160,000 The articles of partnership stipulate that...
-
The partnership of Georgia, Holly, and Izzy was dissolved, and by July 1, 2014, all assets had been converted into cash and all partnership liabilities were paid. The partnership balance sheet on...
-
How does national culture relate to business structures?
-
Write the expression in radical notation. Then evaluate the expression when the result is an integer. 23 -1/2
-
Show that the cylindrical equation is a hyperboloid of one sheet. r(1-2 sin0) + z = 1
-
Give two examples of other receivables.
-
The note receivable dishonored in Eye Opener 14 is paid on July 30 by the maker, plus interest for 30 days, 10%. What entry should be made to record the receipt of the payment?
-
What are the main advantages of: (a) Proprietorships, (b) Partnerships, and (c) Limited liability companies?
-
Because of its high dielectric strength, SF6 (sulfur hexafluo-ride) gas is widely used as an insulator and a dielectric in HV applications such as HV transform-ers, switches, circuit breakers,...
-
An eagle is flying horizontally at a speed of 2.9 m/s when the fish in her talons wiggles loose and falls into the lake 4.4 m below. Calculate the magnitude of the velocity of the fish relative to...
-
A 5.0 g bullet moving 325 m/s is shot into a 1.25 kg block, which slides for 1.35 seconds across the surface it is on before coming to rest. What is the average force of kinetic friction between the...
Study smarter with the SolutionInn App