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Question 1: Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or period cost.
A. Wages of administrative staff
B. Shipping costs on merchandise sold
C. Wages of workers assembling computers
D. Cost of lease on factory equipment
E. Insurance on factory
F. Direct materials used in production of lamps
G. Supervisor salary, factory
H. Advertising costs
I. Property taxes, factory
J. Health insurance cost for company executives
K. Rent on factory
Does it appear that the company pays commissions to its sales staff and what is the likely effect on the $4.50 unit cost of direct materials if next year's production increases? Why?
ACCT204 Management Accounting - Perform again the overhead analysis using Activity-based costing (ABC) system. The overhead analysis under ABC system involves
For each of the five independent situations below, prepare a single journal entry that summarizes the recording and payment of income taxes in order to determine the amount of cash paid for income taxes and explain the change (if any) in each of the ..
HI5020 Corporate Accounting Assignment - Provide a comparative analysis of your companies' three broad categories of cash flows
Prepare a contribution margin income statement separating all variable and fixed costs into their own categories and determine the breakeven point in units and dollars. Also, determine the number of units and dollars that need to be sold to make a ..
Tioga Company manufactures sophisticated lenses and mirrors used in large optical telescopes. The company is not preparing its annual profit plan.
Williamson fabricators completed two jobs in June. The recorded the cost assigned to the jobs by the company's activity based costing system:
What is the net income/loss given the following information: depreciation expenses = $3,900; bank service charges = $478; salaries expense = $65,800
ACC702 Managerial Accounting. Group Report: "Measuring and rewarding performance" - A study of Executive Remuneration for performance in Australian Public Companies
1.Nestl reports beginning raw materials inventory of 3,243 and ending raw materials inventory of 3,904 (both numbers in millions of Swiss francs).
What was the companys cost per bale and what was its revenue per bale? Should the price per bale be increased?
torrence company has two support departments administration and janitorial and three producing departments fabricating
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