Field and Stream manufactures and sells aluminum dishes for camping and outdoor enthusiasts. The company purchases...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Field and Stream manufactures and sells aluminum dishes for camping and outdoor enthusiasts. The company purchases large rectangular sheets of aluminum. These sheets are cut down into smaller squares and are then fed into a machine where they are trimmed down into a circular shape. These aluminum circles are then fed into a stamping machine where they are formed into plates and bowls. After production, the dishes are shipped to warehouses where they are packed and then shipped to customers. Required: 1. Give two cost classifications that could be used to correctly describe the cost of the aluminum sheets. (6 pts.) 2. Give two cost classifications (different from the ones given in (a) above) that could be used to correctly describe the wages paid to the machine operators who operate the stamping machine. (6 pts.) 3. Give two cost classifications (different from the ones given in (a) and (b) above) that could be used to correctly describe the cost of oil used to lubricate the stamping machine. (6 pts.) Field and Stream manufactures and sells aluminum dishes for camping and outdoor enthusiasts. The company purchases large rectangular sheets of aluminum. These sheets are cut down into smaller squares and are then fed into a machine where they are trimmed down into a circular shape. These aluminum circles are then fed into a stamping machine where they are formed into plates and bowls. After production, the dishes are shipped to warehouses where they are packed and then shipped to customers. Required: 1. Give two cost classifications that could be used to correctly describe the cost of the aluminum sheets. (6 pts.) 2. Give two cost classifications (different from the ones given in (a) above) that could be used to correctly describe the wages paid to the machine operators who operate the stamping machine. (6 pts.) 3. Give two cost classifications (different from the ones given in (a) and (b) above) that could be used to correctly describe the cost of oil used to lubricate the stamping machine. (6 pts.)
Expert Answer:
Answer rating: 100% (QA)
The cost of the aluminum sheets would fall under the direct materials cost classification This is be... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date:
Students also viewed these general management questions
-
1. How do auditors determine their conclusions are reasonable? 2. Should individual audit findings be risk ranked? Do you recommend including an overall 'Audit Opinion' in the Audit Report? What...
-
Where might one find information that could be used to measure the "multi-nationality" of a company?
-
Give the structure of the nucleophile that could be used to convert iodoethane into each of the following compounds in an SN2 reaction. (a) CH3CH2CN (b) CH3 alas-Cal, CH CH2S
-
11) log, 16 4X220 4 ky 13) log, 8+log, (1-4x)=log, 63 15) log, 3x-log, 5=4 12) Evaluate 2 log, 7776-log, 729 14) log, (x-6)+log, (x-5)=1 loge (x-6)+ log 6 (x-5' 16) log 9+ logx = 4
-
A restaurant critic goes to a place twice. If she has an unsatisfactory experience during both visits, she will go once more. Otherwise she will make only the two visits. Assuming that the results...
-
Aspen Ski Resorts has 100 employees, each working 40 hours per week and earning $10 an hour. Although the company does not pay any health or retirement benefits, one of the perks of working at Aspen...
-
A stock price is governed by geometric Brownian motion with \(\mu=.20\) and \(\sigma=.40\). The initial price is \(S(0)=1\). Evaluate the four quantities E[In S(1)], E[S(1)], stdev[In S(1)]...
-
The General Fund of Dilligan County, Virginia, has total fund balance of $17,000,000 at June 30, 20X0, the end of its fiscal year. Additional information is provided below. 1. The county has...
-
Image transcription text Part One . Verify that the Ekman volume flux for a wind of 74 m s and a Coriolis parameter of f = 1 x 10 's | is 1.1 m25-1 . Consider how this changes with latitude. . What...
-
A special case of a normal family is one in which the mean and the variance are related, the n(, ) family. If we are interested in testing this relationship, regardless of the value of , we are again...
-
5. the central limit order book of Lafarge (traded on the Paris Bourse) is currently as follows: Sell orders limit 69 68 67 66 65 buy orders Quantity Quantity limit 1000 64 600 2000 63 900 1000 62...
-
According to Management Study Guide (2022), a global virtual team leader should have high levels of techno-socio-emotional capabilities and should be able to strike a perfect balance between the...
-
Unix operating system What command would you use to list all files that have "en" and are a .h? Which command is used to list files and directories in a Unix-like operating system? Which Linux...
-
success, not personal relationships. Over the years, he struggled to convert all his father's old, handwritten records to electronic files. Eventually, he installed a completely computerized informa-...
-
Explain two ways to prevent tar wildcard attack in unix based systems ? What are the two types of wildcard characters?
-
The company has 100,000 bonds with an 12% coupon rate, payable semiannually, 20 years to maturity, selling at $1,125 per bond. The company also has 1,500,000 shares of common stock outstanding. The...
-
Factual analysis of the assigned case (Canada). Template = Case Name: Pl v Def. Issue: Area of law and remedy sought. Reasoning: discuss what the plaintiff must argue and any possible defences. State...
-
What are multinational corporations (MNCs) and what economic roles do they play?
-
Explain two approaches to computing depreciation for a fractional period in the year in which an asset is purchased. (Neither of your approaches should require the computation of depreciation to the...
-
The Home Depot financial statements and related material appear in Appendix A at t he end of this textbook. Use this to answer the following questions and indicate where in the financial statements...
-
Fox Company purchased items of inventory as follows: May 3 100 units @ $3.05 May 10 150 units @ $3.10 May 15 120 units @ $3.15 By the end of the month of May, Fox had sold 125 units. If the company...
-
An article on barrons.com observed that the U.S. dollar has been droppingand thats good news for the stock market and companies that get a large chunk of their sales from overseas. a. What does the...
-
In May 2023, the Bureau of Economic Analysis (BEA) issued a revised estimate of the change in real GDP during the first quarter of 2023. The BEAs news release describing the revisions noted that the...
-
During the second quarter of 2020, real inventories declined by $274 billion, by far the largest decline on record. During the third quarter of 2020, real GDP increased by 35 percent, by far the...
Study smarter with the SolutionInn App