FINANCIAL AND MANAGERIAL ACCOUNTING
9th Edition
ISBN: 9781264899180
Author: Wild
Publisher: MCG
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Textbook Question
Chapter 14, Problem 3QS
Classifying product costs C2
Identify each of the following costs as either direct materials (DM), direct labor (DL), or factory
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.
6.Cants to package the balls
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Identify the following costs as direct materials, direct labor, or factory overhead for a lawn mower
Classifying Costs as Materials, Labor, or Factory Overhead
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost:
Cost
Classification
a. Resins for body wash products
b. Scents and fragrances used in making soaps and detergents
c. Plant manager salary for the Iowa City, Iowa, plant
d. Depreciation on the Auburn, Maine, manufacturing plant
e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant
f. Maintenance supplies
g. Packaging materials, which are a significant portion of the total product cost
h. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant
i. Wages paid to Packaging Department employees in the Bear River City, Utah, paper products plant
j. Salary of process engineers
Classifying Costs as Materials, Labor, or Factory Overhead
Indicate whether the following costs of Procter & Gamble (PG), a maker of consumer products, would be classified as direct materials cost, direct labor cost,
or factory overhead cost:
Cost
Classification
a. Depreciation on assembly line equipment in the Mehoopany, Pennsylvania, paper products plant
b. Licensing payments for use of Disney characters on children products
c. Maintenance supplies
d. Packaging materials
e. Paper used in bath tissue
f. Plant manager salary for the Iowa City, Iowa, plant
g. Resins for body wash products
h. Salary of process engineers
I. Scents and fragrances used in making soaps and detergents
j. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant
Chapter 14 Solutions
FINANCIAL AND MANAGERIAL ACCOUNTING
Ch. 14 - Prob. 1QSCh. 14 - QS 14-4 Direct and indirect costs C2
Diez Company...Ch. 14 - Classifying product costs C2 Identify each of the...Ch. 14 - QS 14-6 Product and period costs C3
Identify each...Ch. 14 - Prob. 6QSCh. 14 - Exercise 14-1 Sources of accounting information C1...Ch. 14 - Prob. 5ECh. 14 - Prob. 10ECh. 14 - Prob. 13ECh. 14 - Prob. 14E
Ch. 14 - Prob. 15ECh. 14 - Prob. 16ECh. 14 - Exercise 14-17 Lean business practice C6 Many...Ch. 14 - Prob. 3PSACh. 14 - Problem 14-3B Schedule of cost of goods...Ch. 14 - Describe the managerial accountant’s role in...Ch. 14 - Distinguish between managerial and financial...Ch. 14 - Prob. 3DQCh. 14 - Prob. 4DQCh. 14 - Distinguish between (a) factory overhead and (b)...Ch. 14 - Prob. 6DQCh. 14 - What product cost is both a prime cost and a...Ch. 14 - APPLE Assume that we tour Apple’s factory where it...Ch. 14 - Prob. 9DQCh. 14 - Prob. 10DQCh. 14 - Prob. 11DQCh. 14 - Prob. 12DQCh. 14 - Prob. 13DQCh. 14 - Prob. 14DQCh. 14 - Prob. 15DQCh. 14 - Prob. 16DQCh. 14 - What are the three categories of manufacturing...Ch. 14 - List several examples of factory overhead.Ch. 14 - Prob. 20DQCh. 14 - GOOGLE Prepare a proper title for the annual...Ch. 14 - Prob. 22DQCh. 14 - Prob. 23DQCh. 14 - Prob. 24DQCh. 14 - Prob. 2BTN
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