reler manufacturing wants to estimate costs for each product they produce at its Toy plant. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
reler manufacturing wants to estimate costs for each product they produce at its Toy plant. The Toy plant produces three products at this plant, and runs a flexible assembly line. Required: 1. Classify cach of the following costs as either direct or indirect for each product. b. Classify each of the following costs as either fixed or variable with respect to the number of units produced of cach product. (Put a "X" for your answer in the following boxes) (b) Variable Fixed (a) Direct Indirect Assembly line supervisor salary S 15,000 per month Plant security guard's Salary $ 8,000 per month Depreciation on the assembly line equipment $ 3,000 per month Material used in the production, $100 per unit of product Assembly line direct labor $ 60 per hour reler manufacturing wants to estimate costs for each product they produce at its Toy plant. The Toy plant produces three products at this plant, and runs a flexible assembly line. Required: 1. Classify cach of the following costs as either direct or indirect for each product. b. Classify each of the following costs as either fixed or variable with respect to the number of units produced of cach product. (Put a "X" for your answer in the following boxes) (b) Variable Fixed (a) Direct Indirect Assembly line supervisor salary S 15,000 per month Plant security guard's Salary $ 8,000 per month Depreciation on the assembly line equipment $ 3,000 per month Material used in the production, $100 per unit of product Assembly line direct labor $ 60 per hour
Expert Answer:
Answer rating: 100% (QA)
a b Particulars Direct Cost Indirect Cost Fixed Variable Assembly line supervision salary 15000 per ... View the full answer
Related Book For
Managerial Accounting An Integrative Approach
ISBN: 9780999500491
2nd Edition
Authors: C J Mcnair Connoly, Kenneth Merchant
Posted Date:
Students also viewed these accounting questions
-
Classify each of the following costs as either unit- level, batch- level, product- level or facility- level. a. Product line manager salary b. Machine setup costs that are incurred whenever a new...
-
Classify each of the following products as either a business-to consumer (B2C) product or a business-to-business (B2B) product. Then choose one product and describe how it can be classified as both a...
-
Classify each of the following expenditures as either a revenue or capital expenditure: (a) Installation of a video messaging system on a semitrailer, (b) Changing oil in a delivery truck, (c)...
-
Which of the following is not true regarding a promissory note? a. Promissory notes may not be transferred to another party by endorsement. b. Promissory notes may be sold to another party. c....
-
Use the year 2 financial statements for Finns Fridges to determine the companys sustainable growth rate. Finns Fridges is a company created by twin brothers David and Douglas Finn, who rented small...
-
Ms. Aquina has just had a biopsy on a possibly cancerous tumor. Notwanting to spoil a weekend family event, she does not want to hear any bad news in the next few days. But if she tells the doctor to...
-
Why is the executive summary an important part of the report?
-
Deriving permanent and temporary differences from financial statement disclosures. Pownall Company reports the following information for a year: Book Income before Income Taxes ........... $318,000...
-
Identify which issues are the most important to come to grips with (that is if you do not get a positive answer, you would not go forward with this investment? How would you go about getting the...
-
Kaylee Holmes has an overdraft protection line. Assume that her October 2021 statement showed a latest (new) balance of $862. If the line had a minimum monthly payment requirement of 5 percent of the...
-
Wow! Is that R-92 model ever a loser! Its time to cut back its production and shift our resources toward the new T-95 model, said Graham Thomas, executive vice-president of Thomas Products Inc. Just...
-
Table: Marginal Tax Rates Income Bracket Marginal Tax Rate $0?12,000 0% 12,001?24,000 8 24,001?40,000 12 40,001?70,000 16 How much income tax is owed on an income of $50,000?
-
Sarah operates just one of the many nail salons in town.Her nail salon, Sarahs Sophisticated Nails, has thefollowing costs: TC = 3500 + 0.001Q 2 + 2Q Where Q refers to the number of setsof nails she...
-
Research the Cold blooded woman Angela Simpson interview after getting life in prison. then answer the folowing questions How would you describe Angelas demeanor? Was her sentence appropriate for the...
-
What are the THREE different transfer pricing methods for internal transfer of goods / services ? Briefly describe each method.
-
Question DrugCo buys an input that costs $p from the market for its drug production. DrugCo knows that 4/5 of suppliers will provide a good input that the firm can use to produce $100 value of output...
-
You are in your dorm room studying for an upcoming exam. This is your last exam before the semester is over, and you're looking forward to the break. You will be able to relax and spend some time...
-
The slopes of the tangents at the points where the curve y = x2 - 4x intersects the X-axis is 1) 1 2) +2 3) +3 4) +4
-
The term backflush costing is unique to JIT inventory management methods. What exactly does the term mean? How does backflush costing differ from other accounting approaches to product costing?
-
Using the information in the following table, please develop an activity-based variable cost estimate for each of the activities described. Cost per Unit of Work Done Activity Cost Work Done (Driver)...
-
What is the Malcolm Baldrige Award? Define the key points used to assess an organization seeking to gain this award. What benefits do you think a company obtains by winning the Baldrige Award?
-
Give examples of policies that a country could implement to reduce its absorption.
-
In Section 6.2.3, we made the comment "Perception is reality." How does this play in the valuation of a tangible versus intangible asset? 6.2.3 Politics to explore Our roadmap for this chapter would...
-
We discussed risk aversion as being descriptive of investor behavior. Can Do you think of any real-world behavior that you might consider to be evidence of the existence of risk preferrers?
Study smarter with the SolutionInn App