+ Home Insert Page Layout References Review View Section Tools Table Tools Table Style Qal A B II X2 A- ab A-A EEAA abbccda AaBb AaBbc AaBbc Normal Heading 1 Heading 2 Heading 3 Unit 1 Question 1 (Total: 18 marks) The following information was taken from the accounting records of Dunbar Mifflin Company in 2018. Beginning of 2018 Direct materials inventory 135,000 Work-in-process inventory 185,000 Finished-goods inventory 255,000 Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Plant utilities Repairs and maintenance-plant Equipment leasing costs Marketing, distribution, and customer service costs General and administrative costs Required: 1. Prepare a schedule of cost of goods manufactured. Ending of 2018 83,000 154,000 216,000 270,000 225,000 103,000 11,000 48,000 29,500 13,500 66,800 129,500 72,500 (Total: 38 Question 2 marks) Following are the account balances for the DC Company in 2018: Row Column Words: 8/559 Spell Check D2 00 - & I - A4 Aasbccdd AaBb AaBbc AaBE A2 AA 215. g. Normal Heading 1 Heading 2 Heading Required: 1. Prepare a schedule of cost of goods manufactured. (Total: 38 Question 2 marks) Following are the account balances for the DC Company in 2018: Beginning of 2018 Direct materials inventory 26,500 Work-in-process inventory 30,500 Finished-goods inventory 16,500 Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer service costs General and administrative costs Ending of 2018 27,000 28,400 22,100 79,000 24,500 18,600 7,900 11,800 3,500 87,900 26,500 Required: 1. Prepare a schedule for the cost of goods manufactured for 2018. 2. Revenues for 2018 was $425,000. Prepare the income statement for 2018. O i VIEW Section oman 10 Tools Table Tools PAADI - A. X X, A. 23. A. A E. A 21 habcbd AaBb AaBbci AaBbc Table Style - Normal Heading 1 Heading 2 Heading 3 Question 3 marks) Identify if the following costs are "product" or "period" costs: (Total: 30 COST Period Cost or Product Cost? 1. Television advertisements for Bailey's products 2. Lubricants used in running bottling machines 3. Research and Development related to elimination of antibiotic residues in milk 4. Gasoline used to operate refrigerated trucks delivering finished dairy products to grocery stores 5. Company president's annual bonus 6. Depreciation on refrigerated trucks used to collect raw milk 7. Plastic gallon containers in which milk is packaged 8. Property insurance on dairy processing plant 9. Cost of milk purchased from local dairy farmers 10. Depreciation on tablets used by sales staff 11. Depreciation on chairs and tables in the factory lunchroom 12. The cost of packaging the company's product 13. The wages of the receptionist in the administrative offices, 14. Cost of leasing the corporate jet used by the company's executives 15. The cost of renting rooms at a BC resort for the annual conference, Question 4 (Total: 14 conlerence Question 4 (Total: 10 marks) The Trump International Hotel & Tower is a five-star hotel located in downtown Toronto, hotel's operations vice president would like to replace the hotel's legacy computer termin the registration desk with attractive state-of-the-art flat-panel displays. The new displays would take less space, consume less power than the old computer terminals, and provide additional security, since they can be viewed only from a restrictive angle. The new comput displays would not require any new wiring. However, the hotel's chef believes the funds wo be better spent on a new bulk freezer for the kitchen. Required: 1. Classify each item as a differential cost, an opportunity cost, or a sunk cost in the decision to replace the old computer terminals with new flat-panel displays. If none of the categories apply for a particular item, select "None". Differential Cost Opportunity Cost Sunk Cost None Item Cost of the old computer terminals Rert on the space occupied by the registration desk Benefits from anew freezer Cost of removing the old computer terminals Cost of the new flat panel displays Wages of registration desk personnel NO