EA2. LO 4.2 Table 4.3 shows a list of expenses involved in the production of custom, professional lacrosse sticks. A. For each item listed, state whether the cost should be applied to manufacturing or sales and administration. B. If the cost is a manufacturing cost, state whether it is direct materials, direct labor, or manufacturing overhead. C. If the cost is a manufacturing overhead cost, state whether it is indirect materials, indirect labor, or another type of manufacturing overhead. If Manufacturing: Direct Materials, Direct Labor, or Overhead? If Overhead: Indirect Materials, Indirect Labor, or Manufacturing or Sales & Lacrosse Stick Production Costs Administration Cost? Other? Carbon, fiberglass Administrative building rent Accountant salary Factory building depreciation Strings for the pocket Advertising Production supervisor salary Paint for sticks Research and development costs Wages of person who strings the sticks Cutting machine depreciation Human resources salaries Factory maintenance Table 4.3 Expenses Involved in Lacrosse Stick Production

EA2. LO 4.2 Table 4.3 shows a list of expenses involved in the production of custom, professional lacrosse sticks. A. For each item listed, state whether the cost should be applied to manufacturing or sales and administration. B. If the cost is a manufacturing cost, state whether it is direct materials, direct labor, or manufacturing overhead. C. If the cost is a manufacturing overhead cost, state whether it is indirect materials, indirect labor, or another type of manufacturing overhead. If Manufacturing: Direct Materials, Direct Labor, or Overhead? If Overhead: Indirect Materials, Indirect Labor, or Manufacturing or Sales & Lacrosse Stick Production Costs Administration Cost? Other? Carbon, fiberglass Administrative building rent Accountant salary Factory building depreciation Strings for the pocket Advertising Production supervisor salary Paint for sticks Research and development costs Wages of person who strings the sticks Cutting machine depreciation Human resources salaries Factory maintenance Table 4.3 Expenses Involved in Lacrosse Stick Production

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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