Rapid Delivery Service reports the following costs and expenses in June 2010. InstructionsDetermine the total amount of
Question:
Rapid Delivery Service reports the following costs and expenses in June 2010.
InstructionsDetermine the total amount of (a) delivery service (product) costs and (b) periodcosts.
Transcribed Image Text:
Drivers' salaries Indirect materials $11,000 1,600 $ 5,400 Depreciation on delivery equipment Dispatcher's salary Property taxes on office Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment 11,200 5,000 300 650 870 12,000 2,200 building CEO's salary Gas and oil for delivery trucks 990 180
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
a Delivery service product costs Indirect materials 5400 Depreciation on delivery e...View the full answer
Answered By
Diksha Bhasin
I have been taking online teaching classes from past 5 years, i.e.2013-2019 for students from classes 1st-10th. I also take online and home tuitions for classes 11th and 12th for subjects – Business Studies and Economics from past 3 years, i.e. from 2016-2019. I am eligible for tutoring Commerce graduates and post graduates. I am a responsible for staying in contact with my students and maintaining a high passing rate.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Rapid Delivery Service reports the following costs and expenses in June 2016: Instructions Determine the total amount of (a) Delivery service (product) costs and (b) Period costs. Indirect materials...
-
Kwik Delivery Service reports the following costs and expenses in June 2012. Instructions Determine the total amount of (a) Delivery service (product) costs and (b) Periodcosts. Indirect materials...
-
Speedi Delivery Service reports the following costs and expenses in June 2012. Indirect materials $ 5,400 Drivers salaries $11,000 Depreciation on delivery equipment 11,200 Advertising 1,600...
-
Explain how an increase in government expenditure will change the governments budget balance and the loanable funds market. The International Monetary Fund (IMF) reported that it acted effectively in...
-
(a) Distinguish among the three cost formulas for determining cost for inventories: specific identification, FIFO, and average cost. (b) Give an example of a type of inventory for which each cost...
-
What are the key factors behind a successful report presentation?
-
Steve has been operating Castle Creek Restaurant in Ontario for the past several years. On the basis of the information that Steves accountant filed with the CRA during the prior year, Castle Creek...
-
Print Company acquired 80% of the stock of Sand Corp. on January 1, 2023. The stockholder's equity section of Sand's balance sheet at that date is as follows: Stockholder's Equity Section Common...
-
Considering Yips globalisation framework ( Figure 8.2 ), what drivers of internationalisation do you think were most important when Wanda entered the US market through its AMC acquisition? Figure 8.2...
-
The administrators of San Diego Countys Memorial Hospital are interested in identifying the various costs and expenses that are incurred in producing a patients X-ray. A list of such costs and...
-
Coldplay Corporation incurred the following costs while manufacturing its product. Work-in-process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000...
-
The tolerance for a ball bearing is 0.01. If the true diameter of the bearing is to be 2.0 inches and the measured value of the diameter is x inches, express the tolerance using absolute value...
-
Interview the marketing department (or director of community/public relations) from a professional organization or collegiate sports program to determine the extent of their community or public...
-
Design a survey instrument to assess the source credibility of 10 professional athletes (of your choice) and administer the survey to 10 individuals. Which athletes have the highest levels of...
-
Training programs are at the heart of person-focused pay programs. The following is a sample training budget: A. Development costs (e.g., salaries and benefits of personnel, equipment): $30,000 B....
-
Consider any sports product and find evidence of advertising and sales promotion not on the Internet. Then locate the products promotion on the Internet. Comment on whether or not this organization...
-
Warren Energy Company, a successful efforts company, owns an individually significant lease, with a cost of $400,000. On December 31, 2019, the lease is not considered impaired. However, prior to...
-
Describe ways in which resistance to change can be reduced, and explain when each method can be used.
-
Borrowing costs should be recognised as an expense and charged to the profit and loss account of the period in which they are incurred : A. If the borrowing costs relate to qualifying asset B. If the...
-
A Y-connected generator has the line-to-neutral voltage phasor V an = 100 0. Determine the line-to-line voltage phasors V ab , V bc , and V ca with their phase angles with respect to V an .
-
Ken Taser is studying for his next accounting examination. Explain to Ken what he should know about the differences between the income statements for a manufacturing and for a merchandising company.
-
Sheri Laine is unclear as to the difference between the balance sheets of a merchandising company and a manufacturing company. Explain the difference to Sheri.
-
Vinh Yen claims that the distinction between direct and indirect materials is based entirely on physical association with the product. Is Vinh correct? Why?
-
Apply Euler's method by hand with N = 4 to find yo, Y1, Y2, Y3, Y4 on [0,1] where Y' y' = - 2y + 3t y(0) =1 Note: Please don't use Python for this. You are allowed to use a calculator do the...
-
What amount paid on September 6 is equivalent to $ 2 , 6 0 0 paid on the following December 1 if money can earn 6 . 6 % ? ( Use 3 6 5 days a year. Do not round intermediate calculations and round...
-
For R1= 6.8k, and R2= 1k, Then: V(1) = v V. 1(2) = mA.
Study smarter with the SolutionInn App