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A manufacturing cost that cannot be easily traced to a specific cost object is ___________a(n) cost

Vikki [24]

Answer:

The correct word for the blank space is: Indirect.

Explanation:

Indirect costs are those that affect the overall production process of one or two products and cannot be assigned directly to one product without using an assignment method. Examples of indirect costs are administrative salaries, security expenses, facilities rent, telephone expenses, and utilities.

6 0

3 years ago

The job order cost sheets used by Greene Company revealed the following: Job. No. Bal., May 1 May Production Costs 134 $ 1,700 $

tekilochka [14]

Answer:

A. 3200 ; 900

Explanation:

First, the multiple Choices for the question

A. 3200 ; 900

B. 2900 ; 1200

C. 1200 ; 2900

D. 1700 ; 1200

E. 4100 ; 0

SOLUTION

This is a job order costing question and Job order costing represents a cost accounting method where for each job, the cost is accumulated such that the cost for the job, work order and the project are separately accumulated.

1) The question is to determine the Cost of Goods sold for May

The formula = Cost of Job 134 + Cost of Job 135

= The cost of Job 134 = $1,700

The cost of Job 135 = Balance Ma y 1 + May Production Costs = $1,200 + $300

= $1500

= $1,700 + $1,500 = $3,200 - Cost of Goods sold for May

2) The WIP Inventory cost on 31st May

This is simply asking for the cost of Job 136, this is because Jobs 134 and 135 were completed during the month and Shipped to the Customer that same month

Hence the Work in Progress Inventory Cost on 31st May = $900

6 0

4 years ago

Zip Games purchases blank DVD disks onto which it copies its software for sale through its mail

nikklg [1K]

Answer:

a. 575 units

b. 107.83 orders

c. 3.38 days

Explanation:

a. The computation of the economic order quantity is shown below:

= $\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

where,

Annual demand = 62,000 disk

Ordering cost = $16

Carrying cost = $0.25 × 24% = $6

Now put these values to the above formula

So, the value would equal to

= $\sqrt{\frac{2\times \text{62,000}\times \text{\$16}}{\text{\$6}}}$

= 575 units

b. The number of orders would be equal to

= Annual demand ÷ economic order quantity

= 62,000 ÷ 575 units

= 107.83 orders

c. The frequently order would be

= Total number of days in a year ÷ number of orders in a year

= 365 days ÷ 107.83 orders

= 3.38 days

5 0

4 years ago

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat

densk [106]

Answer:

Equivalent units of conversion cost = 317,000 units

Explanation:

The equivalent unit is the notional whole units which represent incomplete work and is used to apportion cost between cost between work in progress and completed units

Item units Equivalent units

Opening WIP 80,000 (80,000× 80%) = 64,000

Fully worked 250,000 (250,000× 100) = 250,000

Closing WIP 30,000 (30,000× 10%) = 3,000

Total equivalent units 317,000.

1. DOC for opening inventory is 80%, that is 100%-20%. Remember that 20% work has been done in the previous period, so the balance is to be done in this current period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in October .

3. Closing work is only 10% completed. This represent work started this period but not yet completed.

6 0

3 years ago

in 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What wa

Nonamiya [84]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The rate of increase for these automobiles between the two time periods is 75 percent.

Below is the solution:

($28,000 – $16,000) / $16,000 = .75 (75 percent)

5 0

3 years ago