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Kipish [7]
3 years ago
6

Top Shelf Company builds oak bookcases. Determine whether each of the following is a direct material (DM), direct labor (DL), ma

nufacturing overhead (MOH), or a period (P) cost for Top Shelf. ____ (1) Depreciation on factory equipment. ____ (2) Depreciation on delivery trucks. ____ (3) Wood used to build a bookcase. ____ (4) Production supervisor’s salary. ____ (5) Glue and screws used in the bookcases. ____ (6) Wages of persons who assemble the bookcases. ____ (7) Cost to run an ad on local radio stations. ____ (8) Rent for the factory. ____ (9) CEO’s salary. ____ (10) Wages of person who sands the wood after it is cut.
Business
1 answer:
Veronika [31]3 years ago
4 0

Answer:

(1) Depreciation on factory equipment. ____MOH

(2) Depreciation on delivery trucks. ____ Period Cost

(3) Wood used to build a bookcase. ____Direct Material

(4) Production supervisor’s salary. ____ MOH

(5) Glue and screws used in the bookcases. ____ MOH

(6) Wages of persons who assemble the bookcases. ____Direct Labor

(7) Cost to run an ad on local radio stations. ____Period Cost

(8) Rent for the factory. ____ MOH

(9) CEO’s salary. ____ Period Cost

(10) Wages of person who sands the wood after it is cut. Direct Labor

Period Cost are costs that are not directly involved in the manufacturing costs of a product but are incurred in a particular  period. These expenses include advertising and selling expenses.

Direct Materials are material used to make a product . For example wood is a direct material for making shelves.

Direct Labor are the wages paid to the people who work in the production of a product.

Manufacturing Overheads are charges associated with the manufacturing of a product.they are indirect costs of the production like rent of the building etc.

 

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An annual reporting period consisting of any twelve consecutive months is known as:________.1. Calendar year2. Natural business
11111nata11111 [884]

Answer:

4. Fiscal year

Explanation:

Reporting period refers to the period or time covered by a set of financial statements. It is the accounting period in which a given financial report will be covered. It may either be monthly, quarterly or yearly depending on organization's choice.

Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.

3 0
3 years ago
Inflation is problematic if a. it is less than the percentage increase in nominal income. b. it is less than the nominal return
zmey [24]

Answer:

It distorts relative prices, causing a misallocation of resources.

Explanation: Inflation is an economic term used to describe a situation in a country's market when there is a sudden rise in commodities sold in the market. Inflation can be as a result of an increase in demand of commodities sold in the market.

It has a negative effect, when the prices are distorted and the purchasing power is not properly allocated to the buyers.

8 0
3 years ago
Where can a client identify the instant deposit options for their QuickBooks Payments account?
kolezko [41]

Answer:

in the settings

Explanation:

A QuickBooks payment service is a credit card processing option that is for the merchant accounts which includes the accounting software called QuickBook. It is managed by Intuit.

For instant deposit option in their QuickBooks payment account, a customer has to --

Select the Settings ⚙  button and then go to Account and settings. After that select the Payments tab and then go to the Deposit Speed section. From there select the Set a schedule for any instant deposits. Finally select the days for which you want instant deposits for.

6 0
3 years ago
Mentor Corp. has provided the following information for the current year: Units produced 3,500 units Sale price $ 200 per unit D
weqwewe [10]

Answer:

Hence, the unit product cost using absorption costing is $318

Explanation:

For computing the unit product cost, the following things is need to be considered.

1. Direct material = Production units ×  per unit material price

                           = 3,500 × $70

                           =$245,000

2. Direct labor = Production units × per unit labor price

                        = 3,500 × $55

                        = $192,500

3. Variable manufacturing overhead = Production units × per unit variable manufacturing price

                                                             = 3,500 × 20

                                                             = 70,000

4. Fixed manufacturing overhead = $350,000

6. Variable selling and administrative cost = Production units × per unit varaible selling price

= 3,500 × 30

= $105,000

7. Fixed selling and administrative costs = $150,000

Now add these all items and divide by number of units.

So, total cost is equal to

= $245,000 + $192,500 + $70,000 + $350,000 + $105,000 + $150,000

= $1,112,500

And, units produced is = 3,500 units

So, unit product cost = Total cost ÷ units produced

                                   = $1,112,500 ÷ 3,500

                                   = $318

Hence, the unit product cost using absorption costing is $318

7 0
3 years ago
Are you surprised to learn that people participating in focus groups have a difficult time telling marketers what they prefer? W
iragen [17]

Answer:

tbh im not at all surprised cuz it may seem like sometimes you are asking too much of them, or you are not comfortable abt telling them ur honest opinion and feedback.

I personally would tell em what i think should be changed and what i like, because in the long run u should be confident abt whatever it is ur investing in, and if ur too shy then huge  loss for u

Explanation:

4 0
3 years ago
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