FINANCIAL AND MANAGERIAL ACCOUNTING
FINANCIAL AND MANAGERIAL ACCOUNTING
9th Edition
ISBN: 2818440048890
Author: Wild
Publisher: MCG CUSTOM
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Chapter 14, Problem 3QS

Classifying product costs C2

Identify each of the following costs as either direct materials (DM), direct labor (DL), or factory overhead (FO). The company manufactures tennis balls.

1. Rubber used to form the cores

2. Factory maintenance

3. Wages paid to assembly workers

4. Glue used in binding rubber cores to felt covers

5.Depreciation-Factory equipment

6.Cants to package the balls

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What was Carter electronics income from operations on these general accounting question?
Connor Company produces speaker systems for cars. Estimated sales (in units) in January are 40,000; in February 35,000; and in March 34,000. Each unit is priced at $60. Connor wants to have 35% of the following month's sales in ending inventory. That requirement was met on January 1. Each speaker system requires 3 boxes and 15 yards of wire. Boxes cost $4 each and wire is $0.60 per yard. Connor wants to have 20% of the following month's production needs in ending raw materials inventory. On January 1, Connor had 24,000 boxes and 100,000 yards of wire in inventory. How many units does Connor expect to produce in February? a. 35,700 b. 38,500 c. 34,650 d. 35,950 e. 25,000
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Cost Classifications - Managerial Accounting- Fixed Costs Variable Costs Direct & Indirect Costs; Author: Accounting Instruction, Help, & How To;https://www.youtube.com/watch?v=QQd1_gEF1yM;License: Standard Youtube License