Product/ Period Cost: Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads . These are inventoriable cost and is used for valuation of inventory. Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business. The Classification of various cost in product or period cost and fixed or variable cost.

Question

Want to see the full answer?

Answer 1

Question

Chapter 18, Problem 1PSA

To determine

Product/ Period Cost:

Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads. These are inventoriable cost and is used for valuation of inventory.

Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.

The Classification of various cost in product or period cost and fixed or variable cost.

To determine

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.

To determine

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

SUB-PART-4

To determine

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Correct answer

A company sold a piece of equipment that originally cost $55,000 for $20,000 when accumulated depreciation on the equipment was $40,000. What is the amount of gain or loss recorded on the sale of this equipment?

Question

Answer 2

Question

Chapter 18, Problem 1PSA

To determine

Product/ Period Cost:

Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads. These are inventoriable cost and is used for valuation of inventory.

Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.

The Classification of various cost in product or period cost and fixed or variable cost.

To determine

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.

To determine

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

SUB-PART-4

To determine

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 18, Problem 1PSA

To determine

Product/ Period Cost:

Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads. These are inventoriable cost and is used for valuation of inventory.

Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.

The Classification of various cost in product or period cost and fixed or variable cost.

To determine

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.

To determine

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

SUB-PART-4

To determine

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 18, Problem 1PSA

To determine

Product/ Period Cost:

Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads. These are inventoriable cost and is used for valuation of inventory.

Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.

The Classification of various cost in product or period cost and fixed or variable cost.

To determine

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.

To determine

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

SUB-PART-4

To determine

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 18, Problem 1PSA

To determine

Product/ Period Cost:

Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads. These are inventoriable cost and is used for valuation of inventory.

Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.

The Classification of various cost in product or period cost and fixed or variable cost.

To determine

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.

To determine

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

SUB-PART-4

To determine

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Answer 6

Chapter 18, Problem 1PSA

To determine

Product/ Period Cost:

Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads. These are inventoriable cost and is used for valuation of inventory.

Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.

The Classification of various cost in product or period cost and fixed or variable cost.

Answer 7

Chapter 18, Problem 1PSA

To determine

Product/ Period Cost:

Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads. These are inventoriable cost and is used for valuation of inventory.

Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.

The Classification of various cost in product or period cost and fixed or variable cost.

Answer 8

To determine

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.

Answer 9

To determine

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.

Answer 10

To determine

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

Answer 11

To determine

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

Answer 12

SUB-PART-4

To determine

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Answer 13

SUB-PART-4

To determine

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 17

Ch. 18 - Prob. 1QS Ch. 18 - Prob. 2QS Ch. 18 - Fixed and variable costs C2 Listed below are...Ch. 18 - Prob. 4QS Ch. 18 - Prob. 5QS Ch. 18 - Prob. 6QS Ch. 18 - Prob. 7QS Ch. 18 - Prob. 8QS Ch. 18 - Prob. 9QS Ch. 18 - Prob. 10QS

Concept explainers

Videos

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Want to see the full answer?

Chapter 18 Solutions

Concept explainers

Videos

Manufacturing Cost per unit: The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced. The manufacturing cost per unit shall be computed.

The Total cost of plastic and per unit cost of Plastic casing under total production of 1200 units.

The Total cost of property taxes and per unit cost of property tax on producing 1200 units.

Want to see the full answer?

Chapter 18 Solutions

Manufacturing Cost per unit:

The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.

The manufacturing cost per unit shall be computed.