oo lli bresbs bounolo bin ogawwiiniebwon deo oMd tns linoule ba ton n buedni vlibeata saion sdrdi ban vad gid niW eeoni vlibasiaA ot be olnoereadobodnogual b nomo bdS6-6 Classify cost behavior (Learning Objectives 1 & 2)The ReCycle is a bicycle built largely from recycled materials. ldentify the following cotsconnected with the manufacture of the ReCycle bike as variable or fixed:a. Rubber used in bike tiresb. Recycled aluminum used to make the bike framec. Lubricant used on clipless pedal springsd. Quality inspector's salarye. Depreciation on equipment used to machine the aluminum in the bike framef. Renewable cork used to make the saddle (the seat)g. Patent on belt drive (used instead of a chain)

The costs incurred in production can be classified as fixed and variable cost. The fixed cost…

Answered: S6-6 Classify cost behavior (Learning…

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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Click to watch the Tell Me More Learning Objective 3 video and then answer the questions below. 1. The journal entry to recognize depreciation on machinery is ________. a debit to Factory Overhead and a credit to Accumulated Depreciation a debit to Accumulated Depreciation and a credit to Factory Overhead a debit to Factory Overhead and a credit to Depreciation Expense a debit to Depreciation Expense and a credit to Factory Overhead 2. Process and job order cost systems are similar in ________ manner. recording and summarizing product costs classifying product costs as direct materials, direct labor, and factory overhead allocating factory overhead costs to products All of these choices are correct.
Please answer both the question please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) 1.) Christmas Timber, Inc., produces Christmas trees. The trees are produced through a cutting and pruning process. Machine maintenance and janitorial labors are performed throughout the production process by nonproduction employees. Maintenance and janitorial costs are allocated based on machine hours used and the number of trees in each department, respectively. The company estimates that the cutting and pruning areas typically have about 24 and 36 trees, respectively, in them at 1 time. The company also estimates that the cutting process requires about 9 times as many machine hours as the pruning process. The total costs of each department are as follows: Line Item Description Amount Maintenance Department $6,000 Janitorial…
5.04 Cost of Normal Spoilage additional rework required direct materials costing $1,000 and direct labor costing $700. Assume that the spoilage was due to carelessness by a Frieling worker and it is considered to be normal spoilage. Required: Calculate the cost of the Tramel job. $ Feedback Check My Work Make any needed journal entry to the overhead control account. If an amount box does not require an entry, leave it blank. V Check My Work See Cornerstone 5.4. What if the additional rework required $1,400 of direct labor? What would be the effect on the cost of the Tramel job?
Learning Objectives 2, 3, 4 1. Total EUP for CC 2,850 3. WIP Balance $1,145 P18-31A Preparing a production cost report, two materials added at different points, no beginning WIP or costs transferred in; journal entries Smith's Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Then the wood/adhesive mixture goes on to the Compression Department, where the wood is compressed into sheets. Conversion costs are added evenly throughout the preparation process. January data for the Preparation Department are as follows: UNITS Beginning Work-in-Process Inventory Started in production Completed and transferred out to Compression in January Ending Work-in-Process inventory (30% of the way through the preparation process) COSTS Beginning Work-in-Process Inventory Costs added during January Wood Adhesives Direct labor Manufacturing overhead allocated Total costs Requirements…
Learning Objectives 2, 3, 4 1. Total cost per EUP $2.26 3. WIP Balance $1,836 Open with P18-38B Preparing a production cost report, two materials added at different points, no beginning WIP or costs transferred in; journal entries Bryan's Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Then the wood/adhesive mixture goes on to the Compression Department, where the wood is compressed into sheets. Conversion costs are added evenly throughout the preparation process. January data for the Preparation Department are as follows: UNITS Beginning Work-in-Process Inventory Started in production Completed and transferred out to Compression in January Ending Work-in-Process inventory (35% of the way through the preparation process) COSTS Beginning Work-in-Process Inventory Costs added during January: Wood Adhesives Direct labor Manufacturing overhead allocated Total costs…
to.mheducatic Baker College | Undergraduate, https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducati... A CT Homework Problems i Direct materials Direct labor Variable overhead Fixed overhead Total Silent Sentry manufactures gas leak detectors that are sold to homeowners throughout the United States at $25 apiece. Each detector is equipped with a sensory cell that is guaranteed to last two full years before needing to be replaced. The company currently has 50,000 gas leak detectors in its inventory that contain sensory cells that had been purchased from a discount vendor. Silent Sentry engineers estimate that these sensory cells will last only 18 months before needing to be replaced. The company has incurred the following unit costs related to the 50,000 detectors. $ 10 2 3 1 $ 16 OT L Saved Silent Sentry is currently evaluating three options regarding the 50,000 detectors. Check my
S17-1 Distinguishing between job order costing and process costing Learning Objective 1 Would the following companies most likely use job order costing or process costing? a. A manufacturer of refrigerators b. A manufacturer of specialty wakeboards c. A manufacturer of luxury yachts d. A professional services firm e. A landscape contractor f. A custom home builder g. A cell phone manufacturer h. A manufacturer of frozen pizzas i. A manufacturer of multivitamins j. A manufacturer of tennis shoes
8. Which of the following is a non-value-added activity? Group of answer choices Inspection Engineering design. Rework. Machining.
Please double underline need answer for all requirements with explanation computation clearly for all parts and steps answer in text form answer all parts all skip

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