What is the total amount of product costs

Assignment Help Accounting Basics
Reference no: EM131832647

Exercise - Cost Terminology for Manufacturers

Arden Company reported the following costs and expenses for the most recent month:

Direct materials - $ 81,000

Direct labor - $43,000

Manufacturing overhead - $20,000

Selling expenses - $23,000

Administrative expenses - $36,000

Required:

1. What is the total amount of product costs?

2. What is the total amount of period costs?

3. What is the total amount of conversion costs?

4. What is the total amount of prime costs?

Reference no: EM131832647

Questions Cloud

What are a few things the trolley industry could do to solve : How much money will a trolley lose if it is easy to ride for free? If "free riders" are a big problem, what will happen to the supply of trolley rides?
What do you infer from these amounts : Is the amount in CFO a cash inflow or outflow?What about CFI and CFF? What do you infer from these amounts
Advantage of the global talent pool of software developers : Global organizations have branches that are located in multiple countries. Some of these organizations develop software and take advantage of the global talent.
Describe the power function : If a head is obtained, then Ho is rejected; and if a tail is obtained, then Ho is accepted. Describe the power function of this randomized test procedure.
What is the total amount of product costs : Arden Company reported the following costs and expenses for the most recent month: Selling expenses - $23,000. What is the total amount of prime costs
How far will such a pion move through the atmosphere : As measured in a frame fixed with respect to Earth, how far (on the average) will such a pion move through the atmosphere before it decays?
Write a program that reads a word and prints all substrings : Write a program that reads a word and prints all substrings, sorted by length. Write a program that prints all powers of 2 from 20 up to 220.
How is education like a piece of capital : The average person in Argentina today is about as rich (in inflation-adjusted terms) as his or her parents. How can this be called a "growth disaster"?
Distinguish between relative and absolute addressing : When copying a formula from one cell to another, the default copy style in Excel is called "relative addressing" - cell references are adjusted relative.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How would you determine the market value of the clothing

You know the cost of your products but do not know the market value. How would you determine the market value of the clothing and techie products

  An exponential life distribution with mean ?

Mixture of exponentials. Suppose that a population contains a proportion p of units from an exponential life distribution with mean θ, and the remaining proportion 1 -p from an exponential life distribution with mean θ,. Proschan (1963) treats suc..

  A firm has a balance in its account receivable account and

a firm has a balance in its account receivable account and decides to sell the receivables to a factos without

  What balance will be reported on the december

What balance will be reported on the December 31, 2017 balance sheet for the patent (if necessary, round your answer to the nearest dollar)

  Hermione and ron formed an s corporation called bumblebore

hermione and ron formed an s corporation called bumblebore. harry and hermione both contributed cash of 25000 to get

  Most recent annual reporting period

What are the company's total assets at the end of its most recent annual reporting period? Why is this important? What are the total assets at the end of the previous annual reporting period?

  Basic financial ratios

The accounting staff of CCB Enterprises has completed the financial statements for the 2014 calendar year. The statement of income for the current year and the comparative statements of financial position for 2014 and 2013 follow.

  Amount of liability for compensated absences

M estimated that there were 200 vacation days available at December 31, 2009. M's employees earn an average of $150 per day. In its December 31, 2009, balance sheet, what amount of liability for compensated absences is M required to report?

  Compute product line profits-loss for the standard model

Kima Company manufactures and sells two models of a home appliance. The Standard model is a basic appliance with mostly manual features, while the Galaxy model.

  What amount must he invest today if his investment earns

What amount must he invest today if his investment earns 8% compounded annually. What amount must he invest if his investment earns

  Indicate how much if any revenue should be recognized on

on december 31 2012 grando company sells production equipment to fargo inc. for 50900. grando includes a 1-year

  Summary regarding ifrs versus gaap

Write a 200-word summary regarding IFRS versus GAAP. The summary should be structured in a subject-by-subject format. . Your discussion should include the answers to the following:

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!

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