Question: ( a ) Complete the table below by classifying each cost as a product cost or period cost; for product Costs, further classify as direct

(

)

Complete the table below by classifying each cost as a product cost or period cost; for product

Costs, further classify as direct cost or indirect cost.

(

Amounts are in thousands

)

Cost Amount

|

Product or Period

|

direct or indirect

Plastic material & springs $

345_________________________

CEO's salary

135 - - - - - - - - - - - - - - - - - -_____________

Advertising

50___________________________

Research & Development

40_________________________

Factory Workers Wages

445_________________________

Plant Utility Cost

92_________________________

Plant Supervisor Salary

211_________________________

Plant Assets Depreciation

79__________________________

Salespeople Salaries & commissions

230__________________________

(

)

: Calculate total direct costs and total indirect

(

MOH

)

costs

Total direct costs $

__________

Total indirect

(

MOH cost $

__________

(

)

: Assume Ayayai used a budgeted MOH rate to apply MOH costs, and the total cost applied this year is $

345, 000

; how much did the company uder or over applied for its MOH costs?

MOH costs was

(

underapplied

)

by $

____________?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Flounder Co. produces magnetized clips that its customers use to hang items on their refrigerator doors. In its effort to manufacture these clips, Flounder incurred the following costs this year...

Part B Riverbed Co: produces magnetized clips that its customers use to hang items on their refrigerator doors. In its effort to manufacture these clips, Riverbed incurred the following costs this...

Concord Co. produces magnetized clips that its customers use to hang items on their refrigerator doors. In its effort to manufacture these clips, Concord incurred the following costs this year...

Concord Co. produces magnetized clips that its customers use to hang items on their refrigerator doors. Inits effort to manufacture these clips, Concord incurred the following costs this year...

I need help with parts B and C, please. Culver Co. produces magnetized clips that its customers use to hang items on their refrigerator doors. In its effort to manufacture these clips, Culver...

Marigold Co. produces magnetized clips that its customers use to hang items on their refrigerator doors. In its effort to manufacture these clips, Marigold incurred the following costs this year...

V Your answer is correct. Calculate total direct costs and total indirect ( M O H ) costs. ( Enter amounts in thousands. ) Total direct cost $ Total indirect ( M O H ) cost $ eTextbook and Media...

Complete the table below by classifying each cost as either a product cost or a period cost; for product costs, further classify as a direct cost or an indirect cost. (Select NA if not opplicable)...

Marigold Co. produces magrietized clips that its customers use to hang items on their refrigerator doors. In its effort to manufacture these clips, Marigold incurred the following costs this year...

Complete the table below by classifying each cost as either a product cost or a period cost; for product costs, further classify as a direct cost or an indirect cost. (Select NA if not applicable.)...

A 1-m3 tank is filled with a gas at room temperature 20C and pressure 100 kPa. How much mass is there if the gas is a) Air. b) Neon. c) Propane?

Match each term on the left with the best definition on the right. Note: Not all definitions will be used. a. A detailed record of costs incurred to complete a specific job. b. A source document that...

How do you explain the current bond market trends based on your learnings?

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...