Reference no: EM13864760
Stony Electronics Corporation manufactures a portable radio designed for mounting on the wall of the bathroom. The following list represents some of the different types of costs incurred in the manufacture of these radios:
1. The plant manager's salary.
2. The cost of heating the plant.
3. The cost of heating executive offices.
4. The cost of printed circuit boards used in the radios.
5. Salaries and commissions of company salespersons.
6. Depreciation on office equipment used in the executive offices.
7. Depreciation on production equipment used in the plant.
8. Wages of janitorial personnel who clean the plant.
9. The cost of insurance on the plant building.
10. The cost of electricity to light the plant.
Required:
Classify each of the items above as product (inventor able) cost or period (non inventor able) cost for the purpose of preparing external financial statements.
|
Based on anticipated production
: Lines, Inc. applies overhead at the standard rate of $20/units, based on anticipated production of 2,000 units. If Line's actual overhead is $41,000, the overhead volume variance is
|
|
What effect will this event have on the accounting equation
: Flynn Corp. which is authorized to issue 25,000 shares of no-par common stock issued 10,000 shares for 150,000. What effect will this event have on the accounting equation?
|
|
Asswin ltd. is an open restricted organization
: Asswin Ltd. is an open restricted organization, fused under the Companies Act, 1956. The Board of chiefs of the said organization has as of late chosen to embed an article in its articles of affiliation identifying with ejection of a part by the B..
|
|
Dividends is lower than the tax rate on compensation
: Robin Corporation would like to transfer excess cash to its sole shareholder, Adam, who is also an employee. Adam is in the 28% tax bracket, and Robin is in the 34% bracket. However, Robin is considering paying Adam a $25,000 dividend because the tax..
|
|
Cost for purpose of preparing external financial statements
: Stony Electronics Corporation manufactures a portable radio designed for mounting on the wall of the bathroom. Classify each of the items above as product (inventor able) cost or period (non inventor able) cost for the purpose of preparing external f..
|
|
What will be the results of such non-enlistment
: (i) Alveera Ltd. is an open restricted organization, fused under the Companies Act, 1956. It had neglected to enlist a charge which requires enrollment under segment 125. What will be the results of such non-enlistment? Guidance the organization.
|
|
How is wal-mart doing? how does it compare to its competitor
: How is Wal-Mart doing? How does it compare to its competitors?
|
|
Intruder taps into telecommunications device
: Listed here are five scenarios. For each scenario, discuss the possible damages that can occur. Suggest a preventive control. An intruder taps into a telecommunications device and retrieves the identifying codes and personal identification numbers fo..
|
|
Brooks''s checking account with transamerica financial
: Debbie Brooks and Martha Tingstrom lived together. Tingstrom handled their finances. For five years, Brooks did not look at any statements concerning her accounts. When she finally reviewed the statements, she discovered that Tingstrom had taken $85,..
|