Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead .

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Answer 1

Question

Chapter 14, Problem 4BE

(a)

To determine

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead.

(b)

To determine

Indicate whether the cost of an engine would be classified as direct materials, direct labor, or manufacturing overhead.

(c)

To determine

Indicate whether the cost of the wages of the assembly line worker would be classified as direct materials, direct labor, or manufacturing overhead.

(d)

To determine

Indicate whether the cost of the depreciation of factory machinery would be classified as direct materials, direct labor, or manufacturing overhead.

(e)

To determine

Indicate whether the cost of the factory machinery lubricants would be classified as direct materials, direct labor, or manufacturing overhead.

(f)

To determine

Indicate whether the cost of the tires would be classified as direct materials, direct labor, or manufacturing overhead.

(g)

To determine

Indicate whether the cost of the steering wheel would be classified as direct materials, direct labor, or manufacturing overhead.

(h)

To determine

Indicate whether the salary of the painting supervisor would be classified as direct materials, direct labor, or manufacturing overhead.

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KIARA LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Property, plant and equipment (cost) Accumulated depreciation Long-term investments Inventory Accounts receivable Company tax paid in advance Bank EQUITY AND LIABILITIES 2024 2023 R R 2 490 000 1 620 000 (630 000) 660 000 1 050 000 1 230 000 30 000 (480 000) 450 000 1 290 000 900 000 0 750 000 660 000 5 580 000 4 440 000 Ordinary share capital 2 700 000 2 000 000 Retained income 1 500 000 1 158 000 Long-term loan from Kip Bank (15%) 900 000 1 000 000 Accounts payable 480 000 228 000 Company tax payable 0 54 000 5 580 000 4 440 000 ADDITIONAL INFORMATION All purchases and sales are on credit. Interim dividends paid during the year amounted to R150 750. Credit terms of 3/10 net 60 days are granted by creditors.

Accounting Question

REQUIRED Study the information given below and answer the following questions. Where discount factors are required use only the four decimals present value tables that appear after the formula sheet or in the module guide. Ignore taxes. 5.1 Calculate the Accounting Rate of Return on average investment of the second alternative (expressed to two decimal places). 5.2 Determine which of the two investment opportunities the company should choose by calculating the Net Present Value of each alternative. Your answer must include the calculation of the present values and NPV. 5.3 Calculate the Internal Rate of Return of the first alterative (expressed to two decimal places). Your answer must include two net present value calculations (using consecutive rates/percentages) and interpolation. INFORMATION The management of Bentall Incorporated is considering two investment opportunities: (5 marks) (9 marks) (6 marks) The first alternative involves the purchase of a new machine for R900 000 which…

Answer 2

Question

Chapter 14, Problem 4BE

(a)

To determine

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead.

(b)

To determine

Indicate whether the cost of an engine would be classified as direct materials, direct labor, or manufacturing overhead.

(c)

To determine

Indicate whether the cost of the wages of the assembly line worker would be classified as direct materials, direct labor, or manufacturing overhead.

(d)

To determine

Indicate whether the cost of the depreciation of factory machinery would be classified as direct materials, direct labor, or manufacturing overhead.

(e)

To determine

Indicate whether the cost of the factory machinery lubricants would be classified as direct materials, direct labor, or manufacturing overhead.

(f)

To determine

Indicate whether the cost of the tires would be classified as direct materials, direct labor, or manufacturing overhead.

(g)

To determine

Indicate whether the cost of the steering wheel would be classified as direct materials, direct labor, or manufacturing overhead.

(h)

To determine

Indicate whether the salary of the painting supervisor would be classified as direct materials, direct labor, or manufacturing overhead.

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Answer 3

Question

Chapter 14, Problem 4BE

(a)

To determine

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead.

(b)

To determine

Indicate whether the cost of an engine would be classified as direct materials, direct labor, or manufacturing overhead.

(c)

To determine

Indicate whether the cost of the wages of the assembly line worker would be classified as direct materials, direct labor, or manufacturing overhead.

(d)

To determine

Indicate whether the cost of the depreciation of factory machinery would be classified as direct materials, direct labor, or manufacturing overhead.

(e)

To determine

Indicate whether the cost of the factory machinery lubricants would be classified as direct materials, direct labor, or manufacturing overhead.

(f)

To determine

Indicate whether the cost of the tires would be classified as direct materials, direct labor, or manufacturing overhead.

(g)

To determine

Indicate whether the cost of the steering wheel would be classified as direct materials, direct labor, or manufacturing overhead.

(h)

To determine

Indicate whether the salary of the painting supervisor would be classified as direct materials, direct labor, or manufacturing overhead.

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Answer 4

Question

Chapter 14, Problem 4BE

(a)

To determine

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead.

(b)

To determine

Indicate whether the cost of an engine would be classified as direct materials, direct labor, or manufacturing overhead.

(c)

To determine

Indicate whether the cost of the wages of the assembly line worker would be classified as direct materials, direct labor, or manufacturing overhead.

(d)

To determine

Indicate whether the cost of the depreciation of factory machinery would be classified as direct materials, direct labor, or manufacturing overhead.

(e)

To determine

Indicate whether the cost of the factory machinery lubricants would be classified as direct materials, direct labor, or manufacturing overhead.

(f)

To determine

Indicate whether the cost of the tires would be classified as direct materials, direct labor, or manufacturing overhead.

(g)

To determine

Indicate whether the cost of the steering wheel would be classified as direct materials, direct labor, or manufacturing overhead.

(h)

To determine

Indicate whether the salary of the painting supervisor would be classified as direct materials, direct labor, or manufacturing overhead.

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See solution

Answer 5

Chapter 14, Problem 4BE

(a)

To determine

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead.

(b)

To determine

Indicate whether the cost of an engine would be classified as direct materials, direct labor, or manufacturing overhead.

(c)

To determine

Indicate whether the cost of the wages of the assembly line worker would be classified as direct materials, direct labor, or manufacturing overhead.

(d)

To determine

Indicate whether the cost of the depreciation of factory machinery would be classified as direct materials, direct labor, or manufacturing overhead.

(e)

To determine

Indicate whether the cost of the factory machinery lubricants would be classified as direct materials, direct labor, or manufacturing overhead.

(f)

To determine

Indicate whether the cost of the tires would be classified as direct materials, direct labor, or manufacturing overhead.

(g)

To determine

Indicate whether the cost of the steering wheel would be classified as direct materials, direct labor, or manufacturing overhead.

(h)

To determine

Indicate whether the salary of the painting supervisor would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 6

Chapter 14, Problem 4BE

(a)

To determine

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 7

Chapter 14, Problem 4BE

(a)

To determine

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 8

(b)

To determine

Indicate whether the cost of an engine would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 9

(b)

To determine

Indicate whether the cost of an engine would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 10

(c)

To determine

Indicate whether the cost of the wages of the assembly line worker would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 11

(c)

To determine

Indicate whether the cost of the wages of the assembly line worker would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 12

(d)

To determine

Indicate whether the cost of the depreciation of factory machinery would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 13

(d)

To determine

Indicate whether the cost of the depreciation of factory machinery would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 14

(e)

To determine

Indicate whether the cost of the factory machinery lubricants would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 15

(e)

To determine

Indicate whether the cost of the factory machinery lubricants would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 16

(f)

To determine

Indicate whether the cost of the tires would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 17

(f)

To determine

Indicate whether the cost of the tires would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 18

(g)

To determine

Indicate whether the cost of the steering wheel would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 19

(g)

To determine

Indicate whether the cost of the steering wheel would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 20

(h)

To determine

Indicate whether the salary of the painting supervisor would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 21

(h)

To determine

Indicate whether the salary of the painting supervisor would be classified as direct materials, direct labor, or manufacturing overhead.

Answer 22

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Answer 23

Expert Solution & Answer

Answer 24

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Answer 25

Ch. 14 - Prob. 1Q Ch. 14 - Prob. 2Q Ch. 14 - Prob. 3Q Ch. 14 - Prob. 4Q Ch. 14 - Prob. 5Q Ch. 14 - Prob. 6Q Ch. 14 - Prob. 7Q Ch. 14 - Prob. 8Q Ch. 14 - Prob. 9Q Ch. 14 - Prob. 10Q

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead .

Indicate whether the cost of a windshield would be classified as direct materials, direct labor, or manufacturing overhead.

Indicate whether the cost of an engine would be classified as direct materials, direct labor, or manufacturing overhead.

Indicate whether the cost of the wages of the assembly line worker would be classified as direct materials, direct labor, or manufacturing overhead.

Indicate whether the cost of the depreciation of factory machinery would be classified as direct materials, direct labor, or manufacturing overhead.

Indicate whether the cost of the factory machinery lubricants would be classified as direct materials, direct labor, or manufacturing overhead.

Indicate whether the cost of the tires would be classified as direct materials, direct labor, or manufacturing overhead.

Indicate whether the cost of the steering wheel would be classified as direct materials, direct labor, or manufacturing overhead.

Indicate whether the salary of the painting supervisor would be classified as direct materials, direct labor, or manufacturing overhead.

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Chapter 14 Solutions