User Account

All Pages

Problem related to the furniture

Assignment Help Accounting Basics
Reference no: EM131752169

Question: ABC Company manufactures furniture, including tables. Selected costs are given below:

The tables are made of wood that costs Br.100 per table.

The tables are made by workers, at a wage cost of Br. 40 per table.

Workers making the tables are supervised by a factory supervisor who is paid Br.38,000 per year.

Electrical costs are Br. 2 per machine-hour. Four machine-hours are required to produce a table.

Machine cleaning materials cost total Br. 15,000 per year.

Compensation to factory cleaners total Br. 30,000 per year.

Depreciation on the machines used to make the tables totals Br. 10,000 per year.

The salary of the manager of ABC Company is Br. 100,000 per year.

ABC Company spends Br. 5,000 per year to advertise its products.

Salespersons are paid a commission of Br. 30 for each table sold.

Salary of company guards total Br. 14,000 per year.

Required: Classify the costs as DM, DL, MOH, direct, indirect, fixed, variable, prime, conversion, selling, administrative, product and period.

Reference no: EM131752169

Questions Cloud

Markets or set different prices in each : The firm can either charge the same price in both markets or set different prices in each. Which of the followings is correct?
Evaluate the quality of redtops internal audit function : changes that you would make in order to improve the quality of REDTOP's internal audit function
Does government spending create jobs : The Golden Gate Bridge is an international symbol of San Francisco. The bridge spans the entrance to San Francisco Bay from the Pacific Ocean.
Explain costing systems option your organization uses : Explain costing systems option your organization uses, or if not available, a company in the Middle East and its costing systems
Problem related to the furniture : ABC Company manufactures furniture, including tables. Selected costs are given below: The tables are made of wood that costs Br.100 per table.
About the package labeling and advertising : What is the ethical issue that Maria faces? What would you do if you were in her shoes? What does this decision reveal about you?
What are the benefits of debt in the case of UST Inc : UST Case Report: Write a case report: Summary the case, Analyze below questions, What are the benefits of debt in the case of UST Inc.
Economy of naboo in billions of republican credits : The following are equations for the open economy of Naboo in billions of republican credits
Prepare an incremental analysis schedule to demonstrate : Prepare an incremental analysis schedule to demonstrate what amount operating income would increase or decrease as a result of accepting

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd