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Required: Indicate whether each of the following costs is a product cost or a period (selling and administrative) cost.
a. Advertising expense.
b. Insurance on vans used to deliver goods to customers.
c. Salaries of sales supervisors.
d. Monthly maintenance expense for a copier.
e. Goods purchased for resale.
f. Cleaning supplies for the office.
g. Freight on goods purchased for resale.
h. Salary of the marketing director.
i. Freight on goods sold to customer with terms FOB destination.
j. Utilities expense incurred for office building.
Last year, Gransky Corporation's variable costing net operating income was $52,100 and its ending inventory increased by 400 units. Fixed manufacturing overhead cost was $7 per unit. What was the absorption costing net operating income last year?
US Series EE Bonds, bonds for industrial development for mas transit and qualified veterans mortgage bonds. Which should he choose for his investment? Why?
comfort inc. manufactures luxury leather armchairs. the standard cost for material and labor is 89.20 per chair. this
1. use the following information to prepare a statement of cash flows for reynolds inc. for 2011 using the
Prepare an incremental analysis for the special order. Should Pro Sports Inc. accept the special order? Explain your answer.
assume a manufacturer incurs 2000000 hours of direct productive labor in a year at a total direct labor cost of
on may 1 2011 newby corp. issued 600000 9 5-year bonds at face value. the bonds were dated may 1 2011 and pay interest
Describe this Basic Type of Business Formation: Partnership Explain the Following Consequences of the type of Business Organization:
What is the role of social responsibility in finance for Michael Milken, Ivan Boesky and Martha Stewart? Describe how unethical behavior can go undetected by regulators and accountants. What are the implications of this to financial markets?
Develop flexible budgets based on the assumptions of service levels at 35,000 hours, 40,000 hours, and 45,000 hours.
Godert pharmaceutical company has several scientists working in the labs trying to prepare an anti-aging drug. The cost of this research and development
During the year, Mac withdrew $93,000 from the business for his personal living expenses. Assuming MACS is a sole proprietorship, how do these transactions affect Mac's taxable income for the year?
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