FREE Trial

Philadelphia Acoustics builds innovative speakers for music and home theater systems. Consider the following costs: .:. Requirement Identify the costs as variable (V), fixed (F), or mixed (M). 1. Units of production depreciation on routers used to cut wood enclosures. 6. Straight-line depreciation on manufacturing plant. 2. Wood for speaker enclosures. 3. Patents on crossover relays. 4. Total compensation to

Chapter 19, Short Exercises #1

Philadelphia Acoustics builds innovative speakers for music and home theater systems. Consider the following costs:

1. Units of production depreciation on routers used to cut wood enclosures. 6. Straight-line depreciation on manufacturi

.:.

Requirement

Identify the costs as variable (V), fixed (F), or mixed (M).

Transcribed Image Text:

1. Units of production depreciation on routers used to cut wood enclosures. 6. Straight-line depreciation on manufacturing plant. 2. Wood for speaker enclosures. 3. Patents on crossover relays. 4. Total compensation to salesperson, who receives a salary plus a commission based on meeting sales goals. 7. Grill cloth. 8. Cell phone costs of salesperson (plan includes 1,200 minutes; overseas calls are charged at an average of $0.15 per minute). 9. Glue. 5. Crossover relays. 10. Quality inspector's salary.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Answer expert-answer


__ V __ Units of production depreciation on routers used …View the full answer

answer-question
Related Book For answer-question
Financial and Managerial Accounting

Financial and Managerial Accounting

3rd Edition

Authors: Horngren, Harrison, Oliver

ISBN: 978-0132497978

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

Answers for Questions in Chapter 19

Communication Activity:
Decision Cases:
Ethical Issues:
Fraud Cases:
Short Exercises:
Team Projects:

Students also viewed these Managerial Accounting questions