Criselda Company has provided detail on a variety of costs for Q4:Factory supplies: $9,100• Administrative salaries: $97,500• Direct materials: $153,500• Sales staff salaries: $93,500• Factory depreciation: $48,700• Corporate headquarters building rent: $48,500Indirect labor: $39,500●• Marketing: $103,000Direct labor: $95,400• Factory utilities: $24,100The total of the period costs listed above for Q4 is:Answer: 342500

The period costs are those costs the capital of which is not possible in any kind of assets (like…

Answered: Criselda Company has provided detail on…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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! Required information The Ferre Publishing Company provided the following data for its three service departments and two operating departments. Service Departments Administration Costs $ 140,000 Number of employees Square feet of space occupied Hours of press time 60 15,000 Janitorial $ 105,000 35 10,000 Maintenance $ 48,000 140 20,000 Operating Departments Binding Printing $ 275,000 $ 430,000 315 210 40,000 100,000 30,000 60,000 Total $ 998,000 760 185,000 90,000 Administration is allocated based on number of employees; Janitorial based on space occupied; and Maintenance based on hours of press time. Required: Assuming the company uses the direct method rather than the step-down method, how much cost would be assigned to each operating department? Note: Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations. Departmental costs before allocations Allocations:…
Gell Corporation manufactures computers. Assume that Gell: • allocates manufacturing overhead based on machine hours • estimated 12,000 machine hours and $93,000 of manufacturing overhead costs • actually used 16,000 machine hours and incurred the following actual costs: What is Gell’s actual manufacturing overhead cost? a. $158,000 b. $83,000 c. $145,000 d. $220,000
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Compton Information Services, Inc., has two service departments: human resources and billing. Compton's operating departmen organized according to the special industry each department serves, are health care, retail, and legal services. The billing depart supports only the three operating departments, but the human resources department supports all operating departments and th billing department. Other relevant information follows. Number of employees Annual cost* Annual revenue Req A1 Billing Human Resources 10 $720,000 $1,428,000 $6,000,000 Department Req A2 Health Care Retail Legal Services Total Complete this question by entering your answers in the tabs below. Req B1 *This is the operating cost before allocating service department costs. Required a. Allocate service department costs to operating departments, assuming that Compton adopts the step method. The company the number of employees as the base for allocating human resources department costs and department annual revenue as…
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I b) Refer to the following data: Direct material used $180 000 Advertising costs $ 5 000 Indirect labour $ 8 000 Rent on corporate office $ 20 000 Depreciation on factory equipment $ 60 000 Direct labour $ 30 000 Factory cleaners wages $ 20 000 Indirect materials $ 35 000 Required (show your workings for each question): Determine each of the following costs: (list the costs under each cost category when calculating the answer). Period costs
[The following information applies to the questions displayed below] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing-$21,000 2. Wages of assembly workers-$86,000 3. Property taxes on factory-$7,000 4. Office accounting salaries-$42,000 5. Drum stands-$27,000 6. Rent cost of office for accountants-$12,000 7. Office management salaries-$180,000 8. Annual fee for factory maintenance-$21,000 9. Sales commissions-$15,000 10. Factory machinery depreciation, straight-line-$40,000
please answer if you know , give correct answer
Denger
I need all parts of this questions answered Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries $ 39,000 Property taxes, factory $ 8,000 Administrative travel $ 102,000 Sales commissions $ 73,000 Indirect labor $ 31,000 Direct materials $ 197,000 Advertising $ 145,000 Depreciation of production equipment $ 39,000 Direct labor $ 78,000 Required:a. What is the total amount of product cost listed above?b. What is the total amount of period cost listed above?
Sagar

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