Question: Instructions Classify the above items into the following categories: DM Direct Materials DL-Direct Labor MO - Manufacturing Overhead 6. Kwik Delivery Service reports the following

Instructions Classify the above items into the following categories: DM Direct Materials DL-Direct Labor MO - Manufacturing Overhead 6. Kwik Delivery Service reports the following costs and expenses in june 2016 Indirect materials Depreciation on delivery $ 8,400 Driver's salaries $17,000 5,100 Advertising equipment Dispatcher's salary Property taxes on office building CEO's salary 11,200 Delivery equipment 5,000 repairs Office supplies Office utilities 300 650 2,490 870 12,000 3,200 Repairs on office Gas and oil for delivery trucks equipment 180 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs. 7. Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory record journal entries to record the following transactions during the month of June. Purchased raw materials for $20,000 on account. June1 8 Raw materials requisitioned by production: Direct materials Indirect materials $8,000 1,000 inment $8.000

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!

Location Coordinates Deliveries per Day A (10, 15) 3 B (30, 20) 2 (5, 15) 4 Pinkerton Company is investigating which locations would best position its new plant relative to three important customers...

Question 1 Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation, a manufacturer of recreational vehicles. ____1.Property taxes on the factory land ____2.Nails...

2. Please provide answers for the following exercises. Be sure to show your work...using WORD or EXCEL. Exercise #1: A manufacturing company incurs the following manufacturing costs and expenses...

Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation, a manufacturer of recreational vehicles. ____ 1. Property taxes on the factory land ____ 2. Nails and...

Exercises 1.1,1.2,1.3,1.4,1.8,1.9 Exercises Identify distinguishing features of morial accounting E1.1 (LO 1),c Justin Bleeber has prepared the following list of statements about managerial account...

E1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corpora- tion, a manufacturer of furniture, in its factory. 1. Salaries for assembly line inspectors. 2. Insurance on...

Classify costs into three classes of manufacturing costs. indicate how to correct the statement. E19.2 (LO 2) Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a...

Instructions Classify the above items into the following categories: (a) direct materials, (b) direct labor, and (c) man- ufacturing overhead. E1.3 (LO 2), C Trak Corporation incurred the following...

E19-1 Classify the above items into the following categories: a. Direct Materials, b. Direct Labor, c. Manufacturing Overhead. Item Classification Salaries for assembly line separators Insurance on...

Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following...

c. Total quality management (TQM) d. Research and development, and product design I uusines 1. Just-in-time (IT) inventory R. Sarbanes-Oxley Act (SOX) h. Global Reporting Initiative Exercises Ident...

Design the substantive procedures the auditor should perform during the final audit to confirm assertions of the non-current liabilities balances presented in the financial statements of the firm....

Leadership is the best possible way to guide team toward the organizational goal. Write a paper about leadership style and their achievability

. 5 . What is known as the characteristic line of modern investment analysis is simply the regression line obtained from the following model: r it = i + i r mt + u t where r it = the rate of return...

The loss of entrepreneurially minded staff from larger organizations back to family businesses has focused attention on recruitment, retention and compensation.

Specific training needs are coming to the fore: language, computer, sales and marketing skills.

manageremployee relationship deteriorating over time;