Classify each of the following costs incurred in manufacturing bicycles as variable (V), fixed (F), or mixed
Question:
a. Factory supervision.
b. Aluminum tubing
c. Rims
d. Emblem
e. Gearbox
f. Straight-line depreciation on painting machine
g. Fenders
h. Raw material inventory clerk’s wages
i. Quality control inspector’s salary
j. Handlebars
k. Metal worker’s wages
l. Roller chain
m. Spokes (assuming cost is considered significant)
n. Paint (assuming cost is considered significant)
Step by Step Answer:
Computation of the following cost of classifications Factory supervision F OH Alumi...View the full answer
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Related Video
In accounting terms, depreciation is defined as the reduction of the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery, etc. The land is the only exception that cannot be depreciated as the value of land appreciates with time. Depreciation allows a portion of the cost of a fixed asset to be the revenue generated by the fixed asset. This is mandatory under the matching principle as revenues are recorded with their associated expenses in the accounting period when the asset is in use. This helps in getting a complete picture of the revenue
Students also viewed these Managerial Accounting questions
-
Classify each of the following costs as either unit- level, batch- level, product- level or facility- level. a. Product line manager salary b. Machine setup costs that are incurred whenever a new...
-
Classify each of the following costs as appraisal (A), prevention (P), internal failure (I), or external failure (E). Give a justification for your answer. ________ A. Cost of field service ________...
-
Classify each of the following as either an operating target or an intermediate target, and explain why. a. The three-month Treasury bill rate. b. The monetary base. c. M2
-
Energy of the emitted photon when an L-electron drops into the k-state in copper (z = 29) is -1 use R=109737 cm, cm =1.23910eV] 7994.6 eV 1094.6 eV 1293.6 eV 1097.3 eV
-
Bakr BuRashid is considering opening a music store. He wants to estimate the number of CDs he must sell to break even. The CDs will be sold for US$13.98 each, variable operating costs are US$10.48...
-
Helix Corporation uses the weighted-average method of process costing. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material used in the...
-
An approximation to Tukey HSD confidence intervals for mildly unequal sample sizes When the there are only small differences in the sample sizes, an approximation is available. The MSE and its...
-
David Tennant has prepared the following list of statements about partnerships. 1. A partnership is an association of three or more persons to carry on as co-owners of a business for profit. 2. The...
-
Why would it be a good idea to do international business or start an business in Canada? with supporting details related to and backing the point.
-
Workers used to be able to smoke inside office buildings. Smoking bans were introduced in several areas in the 1990's. Supporters of these bans argue that in addition to elim- inating the externality...
-
On December 31, 2009, TERVO Company accepted Rudolph Company $20,000, 3-year note, paying 6 percent annually on December 31, as full payment for a specialty piece of equipment. The market rate of...
-
"Rainier Bros. has 12.0% semiannual coupon bonds outstanding that mature in 10 years. Each bond is now eligible to be called at a call price of $1,060. If the bonds are called, the company must...
-
In its monthly report, the local animal shelter states that it currently has 24 dogs and 18 cats available for adoption. Eight of the dogs and 6 of the cats are male. Find each of the following...
-
Hydrogen sulphide (a weak diprotic acid) is added to pure water at a concentration of 10- M. Assuming a temperature of 25 C and assuming ionic strength effects are negligible, determine the pH (to...
-
Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 Oct. 10 purchased...
-
Constants for 16-18: Water: C = 4,180 J/kgoC, Lf = 334,000 J/kg, Lv = 2,260,000 Ice: C = 2000 J/kgoC Steam: C = 1996 J/kgoC In an experiment 2.5 kg of ice that is at -30 C is heated until it is water...
-
you think you are the strongest or most experienced when it comes to working with type? you want to improve when it comes to working with type? Are there areas within the subject that you do not...
-
Part 4: Review appraisal ABRG's Records Management Procedure requires client documents to be stored and maintained securely to ensure confidentiality. Electronic files must be saved as a zipped...
-
During which of the following processes is evaluation criteria developed, in order to evaluate potential sellers? a. plan procurement b. conduct procurement c. control procurement d. plan...
-
Walker, Inc., is an all-equity firm. The cost of the company's equity is currently 11.4 percent and the risk-free.rate is 3.3 percent. The company is currently considering a project that will cost...
-
Solve y = 3x 2 e y .
-
Dylans Taxidermy Corporation reports revenues and expenses of $142,300 and $91,500, respectively, for the period. Give the remaining entries to close the books assuming the ledger reports Additional...
-
An analysis of Goulding, Inc., disclosed changes in account balances for 2011 and the following supplementary data. From these data, calculate the net income or loss for 2011. Goulding sold 4,000...
-
Spilker Aviation, Inc., failed to make year-end adjustments to record accrued salaries and recognize interest receivable on investments over the last three years as follows: What impact would the...
-
Two point charges, -2.4C and 5.616 C, are placed at x = 0 cm and x = 9.7 cm, respectively. Consider the x- axis directed to the right. 1.0p 8a At what point along the x axis is the electric field...
-
As you know, the value of. It is defined as the ratio of the circumference of a circle C divided by its diameter 2r. That is x-C/2. a) Let's assume that you measured a circumference of a circle to be...
-
Figure 3 presents a network where N users are sharing a link of 1 Mbps bandwidth. Users are generating data at a rate of 100 kbps when busy, but are busy generating data only with probability p=0.1....
Study smarter with the SolutionInn App