Armor world manufactures armored cars. The armor provides low level ballistics protection. Cars are made to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Armor world manufactures armored cars. The armor provides low level ballistics protection. Cars are made to customer specification via orders submitted over an internet site. The cars are completed and shipped in about one day. As a result, armor world does not maintain any work in process or finished goods inventory. The following costs were incurred in producing and selling mats during January 2023: Steel used in the armoring $67,150 Armor grade glass for windows 7,000 Factory rent 4,800 Electricity to run the welding equipment 1,300 Labour costs of welders 17,050 Internet sales site 750 Administrative salaries 6,250 Depreciation of welding equipment 3,700 Salary of factory safety inspector 1,750 Office Rent 6,750 1. Evaluate these costs, and determine the amount of direct material, direct labor, factory overhead, and selling and administrative costs, The Prime Cots, The Conversion Costs Armor world manufactures armored cars. The armor provides low level ballistics protection. Cars are made to customer specification via orders submitted over an internet site. The cars are completed and shipped in about one day. As a result, armor world does not maintain any work in process or finished goods inventory. The following costs were incurred in producing and selling mats during January 2023: Steel used in the armoring $67,150 Armor grade glass for windows 7,000 Factory rent 4,800 Electricity to run the welding equipment 1,300 Labour costs of welders 17,050 Internet sales site 750 Administrative salaries 6,250 Depreciation of welding equipment 3,700 Salary of factory safety inspector 1,750 Office Rent 6,750 1. Evaluate these costs, and determine the amount of direct material, direct labor, factory overhead, and selling and administrative costs, The Prime Cots, The Conversion Costs
Expert Answer:
Answer rating: 100% (QA)
Based on the information provided we can categorize the costs as follows Direct Materials Steel use... View the full answer
Related Book For
Business Communication Essentials a skill based approach
ISBN: 978-0132971324
6th edition
Authors: Courtland L. Bovee, John V. Thill
Posted Date:
Students also viewed these accounting questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
0 Question 14 New entrants to an industry are more likely when O it is difficult to gain access to distribution channels. O capital requirements in the industry are high. O product differentiation in...
-
Jerry Warner would like to increase his portfolio of common stock. He requires a 13% rate of return on common stock investments. He is considering purchasing one of these stocks: Stock 1: dividends...
-
The surveyor's formula (also called the Shoelace formula or Gauss's area formula) is a handy tool for computing the area of polygonal regions in the plane. For a triangle, it says the following:...
-
The length of an injection-molded plastic case that holds magnetic tape is normally distributed with a length of 90.2 millimeters and a standard deviation of 0.1 millimeter. (a) What is the...
-
Propose structures for compounds that meet the following descriptions: (a) C5H8, with IR absorptions at 3300 and 2150 cm1 (b) C4H80, with a strong IR absorption at 3400 cm1 (c) C4H80, with a strong...
-
Match the term with its definition by placing the corresponding letter in the space provided: C Example: Amounts owed to a business by another business or individual 1. A contra-account, related to...
-
Wells Company reports the following sales forecast: September, $ 55,000; October, $ 66,000; and November, $ 80,000. All sales are on account. Collections of credit sales are received as follows: 20%...
-
Assume that the actual dividend yield is 4.0% for the S&P 500 index. i) Calculate the theoretical equilibrium futures price for the June 2020 E-mini S&P 500 stock index futures contract. ii) What is...
-
What characteristics of a property, plant, and equipment item make it different from other assets, such as accounts receivable or inventory?
-
Sketch the following functions: 1. x + y = z+1 2. x + y + 2y + 1+ 2+ z = 0 3. z = x - 4y 4. z = -x - y - 1
-
Investigate and build a list of ten firms you find impressive that are using AWS. Include at least two firms that you might consider to be Amazon rivals.
-
Derive the mathematical equation relating the width at the base and width at half height in a chromatogram
-
Investigate the Amazon Halo. Would you buy the product (or do you or anyone else that you know already own one)? Why or why not (and what do owners think)? What would compel you to try such a...
-
Consider the success of Amazon. Is it a firm that should be more regulated? Why or why not? What are the potential positive and negative consequences of this? Many cry break up Amazon, but if retail...
-
As a longer assignment, watch the PBS Frontline documentary below: Amazon Empire: The Rise and Reign of Jeff Bezos. Use this to frame your thoughts on this chapter. Is Amazon a good or bad thing for...
-
In Country A, the main indicators in the labor market are given as follows: Country A (in 2020) Number of People 16000 6000 2000 Variable Working age population Employed people Unemployed people What...
-
A red card is illuminated by red light. What color will the card appear? What if its illuminated by blue light?
-
What functions do transitions serve?
-
The use of social networks by employees during work hours remains a controversial topic, with some companies encouraging networking, some at least allowing it, and others prohibiting it. Your task...
-
What are the six traits of professionalism?
-
A simplified vibration analysis of an airplane considers bounce and pitch motions (Fig. 6.24(a)). For this, a model consisting of a rigid bar (corresponding to the body of the airplane) supported on...
-
Derive the equations of motion, using Newton's second law of motion, for each of the systems shown in Figs. 6.21. Pulley, mass M, mass moment of inertia Jo 3r 3m T x(1) F(t) 2k 000 T x2(1) m T X3(1)...
-
Derive the equations of motion, using Newton's second law of motion, for each of the systems shown in Figs. 6.22. M, cos wt G 15 G3 13 ka 03 4 kn 12 G k3 16 G6 G Number of teeth on gear G, n, (i = 1...
Study smarter with the SolutionInn App