Question#1 1. Identify whether each of the following is classified as a product cost or a period cost. Question#2 Indicate whether each of the following costs of a pencil
manufacturer would be classified as direct materials (DM), direct labor (DL), or manufacturing overhead (MO). Question#3
Raynor Company has the following data: Instructions Question#4 Instructions Question#5
Match the items in the two columns below by entering the appropriate code letter in the space provided. A. Managerial accounting F. Work in process inventory 1. The cost of products that are partially complete. 2. The function of keeping activities in accordance with plans. 3. Primarily concerned with internal users and reports pertain to subunits of the entity. 4. Materials that can be physically and directly associated with manufacturing a product. 5. The function of setting goals and objectives. 6. Indirect costs of manufacturing a product. 7. Primarily concerned with external users and reports pertain to the entity as a whole. 8. Costs that are noninventoriable. 9. All business processes associated with providing a product or service. 10. The function of coordinating diverse activities to produce a smooth-running operation. Question#6
For each item, identify all applicable cost labels. Use the following code in your answer: a. Advertising _______ Managerial Accounting19 - 25BE 147Criba Manufacturing Company has the following data:direct labor $630,000, direct materialsused $421,000, total manufacturing overhead $206,000, and beginning work in process $42,000.InstructionsCompute (a) total manufacturing costs and (b) total cost of work in process. Get answer to your question and much more BE 148Presented below are incomplete 2009 manufacturing cost data for Swartnez Corporation.Direct Materials UsedDirect LaborFactory OverheadTotal Manufacturing Costs(a)$17,000$42,000?$73,000 |