Question: based on data wich will be provided on exam required a) what is the amount of direct materials b) what is cost of goods manufacured

based on data wich will be provided on exam required

a) what is the amount of direct materials

b) what is cost of goods manufacured

c) what is cost of goods sold

based on data wich will be provided on exam

Each of the following items pertains to one of these companies: Bedell Electronics (a manufacturing company), Gregory Food Retailers (a merchandising company), and Larson Real Estate (a service sector company). Classify each item as either inventoriable (1) costs or period (P) costs. inventoriable (1) costs or period (P) costs c. a. Salary of Bedell Electronics president b. Depreciation on Bedell Electronics assembly equipment Salaries of Bedell's assembly line workers d. Purchase of frozen food for sale to customers by Gregory Food Retailers e Salaries of frozen food personnel at Gregory Food Retailing F. Depreciation on freezers at Gregory Food Retailing g. Salary of a receptionist at Larson Real Estate h. Depreciation on a computer at Larson Real Estate i. Salary of a real estate agent at Larson Real Estate

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 General Management Questions!

please write the full solutions :( strategic cost final exam samples: 1) product A: company sells it profit -9000 sales - 50000 fixed cost - 21000 variable cost - 0,64 per one Product B: company...

Can you write the solutions of these questions? strategic cost final exam samples: 1) product A: company sells it profit -9000 sales - 50000 fixed cost - 21000 variable cost - 0,64 per one Product B:...

product A: company sells it profit -9000 sales - 50000 fixed cost - 21000 variable cost - 0,64 per one Product B: company plans to start selling for 3$ per unit variable cost - 0,72 monthly fixed...

3) based on data wich will be provided on exam required: a) what is the amount of direct materials b) what is cost of goods manufacured c) what is cost of goods sold

Questions 2-8 Final Examination Acct221: Principles of Accounting II For this exam, omit all general journal entry explanations. Ensure to include correct dollar signs, underlines & double...

1. Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next...

REQUIREMENTS 1-9 HAVE ALREADY BEEN ANSWERED. I am stuck in requirements 10, 11, and 12. I've answered some of 10, but I got completely stuck, plus I do not know what to put under analysis on 10,11,...

Rieb Inc has provided the following data for the month of September. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed...

Activity 2-Job Order Costing 1. JYD Manufacturing Company showed the following information as of June 1, 2020, Raw materials inventory P320,000 Work in process inventory 400,000 Finished goods...

Integrated Budget Case Study: Altec Manufacturing Inc. Altec Manufacturing Inc. (Altec) is a company that manufactures and sells a single product, which they call an Altec. For planning and control...

1. What is Generally Accepted Accounting Principles (GAAP) and how does it affect accounting? 2. Discuss the concepts and assumptions of GAAP, as discussed in the...

The Davis Group acquired $ 4,500,000 par value, 4%, 20- year bonds on their date of issue, January 1 of the current year. The market rate at the time of issue was 6% and interest is paid annually on...

Accurate Answer The following table provides financial data for a company over several years: 2018 | 2017 | 2016 | 2015 | 2014 | 2013 Net sales ($ millions) 2,100 | 2,050 | 1,890 | 2,000 | 1,850 |...

Exercise 1 (10 pts). The toll booth operator cannot take a break as long as there are cars in her queue. The times between arrivals of cars are independent with mean 5 minutes and finite variance. It...