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olga nikolaevna [1]
3 years ago
14

Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a pro

duct cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object.
Business
1 answer:
vlabodo [156]3 years ago
4 0

Answer:

Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the cost of the labor required to deliver a service to a customer.

Examples of product costs are direct materials, direct labor, and allocated factory overhead which are directly attributable to the product.

period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets. A period cost is more closely associated with the passage of time than with a transnational event. ... Instead, it is typically included within the selling and administrative expenses section of the income statement.

Examples of period costs are general and administrative expenses, such as rent, office depreciation, office supplies, and utilities. Period costs are sometimes broken out into additional subcategories for selling activities and administrative activities

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g Cathy Rogers deposits $200 in currency in her checking account at a bank. This deposit is treated as:
Step2247 [10]

Answer: 4) No change in the money supply because the $200 in currency has been converted to a $200 increase in checkable deposits

Explanation:

The money supply refers to the total amount of money currently in circulation. In this instance it remains the same because no new money was introduced into the economy.

All that has happened is that Ms. Rogers took her $200 which was already in circulation and part of money supply and deposited it in her checking account. The money is therefore still in circulation, just not in immediate cash.

Money supply therefore remains the same.

4 0
3 years ago
Suppose your manager wanted you to copy two other managers on the survey email to your coworker. Where would you put the manager
liberstina [14]

Answer: Idk :\ good luck tho

3 0
3 years ago
A cash-basis sole proprietor had the following cash receipts and disbursement for the year: Net sales - $80,000 Cost of goods so
DIA [1.3K]

Answer:

Net Income is $17,000

Explanation:

A sole proprietor is not taxed as a business entity but all the income and expenses should be reported on the income tax return. On schedule C all the details of profit and loss should be submitted with Form 1040.

Net profit calculation to report on Schedule C is as follow:

Net sales -                          $80,000

Cost of goods sold           <u>($40,000)</u>

Gross Income                    $40,000

Operating expenses        <u>($20,000)</u>

Operating Income             $20,000

Employee payroll taxes   <u>($3,000)</u>

Net Income                       <u> $17,000 </u>

3 0
3 years ago
1. Assume the football team is set up as a C corporation and that Lenny, Sarah, and Sam are the shareholders. The team is sued f
Butoxors [25]

Answer:

The corporation may have liability, but not the individual owners.

Explanation:

A c-corporation have a limited liability which means that the liability of the company cannot be extended to shareholders. It is only limited to the amount invested by the shareholders.

Therefore, the shareholders of the c - corporation won't be personally affected by the law suit.

A c- corporation is a form of corporation where the shareholders are taxed separately. In addition to taxing shareholder, corporate income is also taxed which leads to a double taxation.

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3 years ago
what financial institution was tasked with assisting in rebuilding europe after world war ii, but ended up helping third-world c
Masteriza [31]

The financial institution of the World Bank was tasked with helping in the reconstruction of Europe after World War II, but ended up helping third world countries with public sector projects.

The Second World War, also known as World War II and abbreviated as WWII or WW2, was a global conflict that lasted from 1939 to 1945. It involved the vast majority of the world's countries, including all the great powers, forming two opposing armies. alliance: Allies and Axis Powers.

World War II was a total war that directly involved over 100 million people from over 30 countries. The major participants in the war threw all their economic, industrial, and scientific capabilities into the war effort, blurring the distinction between civilian and military resources. The causes of World War II are debated, but contributing factors included the Second Italo-Ethiopian War and the Spanish Civil War.

Learn more about  World War II here

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7 0
1 year ago
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