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Paraphin [41]
3 years ago
6

The company intends to classify these costs and expenses into the following categories: (a) direct materials, (b) direct labor,

(c) manufacturing overhead, and (d) period costs.
Business
1 answer:
postnew [5]3 years ago
7 0

Answer:

Property taxes on the factory building - period costs.

Property taxes are period costs because it is a cost associated with a particular period of time (tax season), and because this cost cannot be capitalized in inventory, fixed assets, or prepaid expenses.

Production superintendents’ salaries - period costs.

The salaries of management workers such as superintendents are period costs because they are not direct labor.

Memory boards and chips used in assembling computers - direct materials.

The memory boards and chips are direct materials used to assemble the computers, therefore, they are a direct materials cost.

Depreciation on the factory equipment - period costs.

Depreciation is a period cost because it cannot capitalized in fixed assets, since it actually reduces the value of those.

Salaries for assembly-line quality control inspectors - period costs.

Inspectors and supervisors are part of lower-management, and as result, their salaries are also considered period costs.

Sales commissions paid to sell laptop computers - period costs.

A sale commission is a period cost because it is a selling expense. The comission is an incentive for sellers to perform better, by it is not in itself a part of the cost of goods sold.

Electrical components used in assembling computers - direct materials.

The electrical components are used to assemble the computers, therefore, they represent a direct materials cost.

Wages of workers assembling laptop computers - direct labor.

The workers are directly making the computers, without them, the computers could not be assembled. Therefore, their wages are a direct labor cost.

Soldering materials used on factory assembly lines - manufacturing overhead.

The assembly line is needed to make the goods, but it is not in itself a part of the good. Besides, the cost of running the assembly line does not depend directly on the number of goods produced. It varies relatively close to that number, but the relation is not exact, and linear. Therefore, these soldering materials are manufacturing overhead.

Salaries for the night security guards for the factory building - period costs.

Night security guards are an administrative cost. They are not necessarily needed to produce the goods, they are hired to protect the factory's security. And administrative costs are considered period costs.

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One of Hartman Company's activity cost pools is inspecting, with estimated overhead of $140,000. Hartman produces throw rugs (70
marshall27 [118]

Answer:

$49,000

Explanation:

The number of inspection performed has a direct proportionality relationship with the allocated over heads. In other words, as the number of inspections performed increases, so does the overhead cost assigned to the production activity.

Total inspection  = 700 + 1300 = 2000

Total overhead = $140,000

The inspecting cost pool to be assigned to throw rugs

= 700/2000 × $140,000

= $49,000

5 0
3 years ago
The Work in Process Inventory account of a manufacturing company has a $3,200 debit balance. The company applies overhead using
charle [14.2K]

The amount of applied overhead is $1,000.

<h3>What is inventory?</h3>
  • The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock.
  • The main focus of inventory management is determining the location and shape of stocked commodities.
<h3>What is material cost?</h3>
  • The price of direct materials is directly related to the unit of production and is immediately identifiable.
  • For instance, the price of glass is a direct material expense in the production of light bulbs.
  • The primary component needed for the production of commodities or products was material.
<h3>Solution -</h3>

To find the amount applied overhead:

3200 - ( 1400 + 800 ) = 3200 - 2200

= $1,000

Therefore, the amount of applied overhead is $1,000.

Know more about the production here:

brainly.com/question/16755022

#SPJ4

6 0
2 years ago
Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product
Umnica [9.8K]

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $

LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

8 0
3 years ago
6. Which of the following payday frequencies provides employees with the smoothest cash flow?
Sever21 [200]
The best payday frequency that provide employees with the smoothest cash flow is WEEKLY.

Biweekly means every 2 weeks.
Semi-Monthly means every 15th and 30th of the month.
Monthly means every 30th of the month.

Expenses are incurred daily and the best payday frequency is weekly because you will not have to scrimped and save so much until the next payday. In the event of emergencies, you can easily borrow money with the assurance that it can be paid before the week ends. 

4 0
3 years ago
Как защитить себя от воздействующих факторов взрыва, если вы находитесь в зоне действия продуктов взрыва?
Elenna [48]
What language is this in ⊅ω↑⊂∡⊂⊃∩∅⊃ÉçœÄÈΠЫднеО
5 0
3 years ago
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