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murzikaleks [220]
2 years ago
12

Trak Corporation incurred the following costs while manufacturing its bicycles. Bicycle components $100,000 Advertising expense

$45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 13,000 Salaries paid to sales clerks 50,000
a. Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs.
Bicycle components
Depreciation on plant
Property taxes on store
Labor costs of assembly-line workers
Factory supplies used
Advertising expense
Property taxes on plant
Delivery expense
Sales commissions
Salaries paid to sales clerks
Business
1 answer:
Furkat [3]2 years ago
3 0

Answer: Please refer to Explanation

Explanation:

Bicycle components - DIRECT MATERIALS

- Needed in the production of the bicycles.

Depreciation on plant. MANUFACTURING OVERHEAD.

- Indirect expense that relates to the production plant.

Property taxes on store. PERIOD COST.

Expense related to the sales of the bicycles that must be expensed in the period incurred.

Labor costs of assembly-line workers. DIRECT LABOUR.

Main labour associated with the production of the bicycles. They are DIRECTLY involved.

Factory supplies used. MANUFACTURING OVERHEAD.

Used in the Factories but not directly related to the production of the bicycles.

Advertising expense. PERIOD COST.

It is spent in the period that it is incurred therefore it is a period cost.

Property taxes on plant. MANUFACTURING OVERHEAD. Indirect expenses that are incurred in relation to the production of bicycles.

Delivery expense. PERIOD COST.

Expensed in the period it is incurred.

Sales commissions. PERIOD COST.

Expensed in the period it is incurred.

Salaries paid to sales clerks. PERIOD COST.

Expensed in the period it is incurred.

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Economic integration is a process of eliminating restrictions on international trade, payments, and factor mobility. Economic in
valina [46]

Answer:

True

Explanation:

Economic integration refers to an agreement between countries to eliminate trade barriers and coordinate their monetary policies. The integration allows to reduce trade costs, more employment opportunities as there is mobility and market expansion. Usually, this is considered a regional trading arrangement as it tends to be between neighboring countries. An example of a economic integration is the European Union. According to  this, the statement is true.

4 0
3 years ago
Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20
Diano4ka-milaya [45]

Answer:

$28,533.5

Explanation:

Principal value (PV) = $275,000

Time = 20 years

Rate = 8.25%

Present Value = P ((1-(1+R)^-n) / r)

275,000 = P ((1- (1 + 0.0825)^-20) /.0825)

275,000 x .0825 = P (1-(1/1.0825)^20)

22687.5 = P ((1.0825^20 - 1) / (1.0825 ^20))

22687.50 = P (4.8816 - 1 / 4.8816)

22687.5 = P (3.886 / 4.8816)

22687.5 = p(0.7951)

P = 22687.5 / 0.7951

P = $28533.5

6 0
3 years ago
Ceteris paribus​, in a closed​ economy, if consumers become more optimistic​ ________.
alexandr402 [8]

Ceteris paribus​, in a closed​ economy, if consumers become more optimistic​ the equilibrium interest rate should increase .

So the answer is the equilibrium interest rate should increase

5 0
3 years ago
Sky High Company has two​ departments, X and Y. The following estimates are for the coming​ year: X Y Direct manufacturing labor
Anni [7]

Answer:

Predetermined manufacturing overhead rate= $9.8 per machine hour

Explanation:

Giving the following information:

Machine-hours= 50,000

Manufacturing overhead= $490,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 490,000/50,000= $9.8 per machine hour

4 0
3 years ago
Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of
ANEK [815]

Answer:

Total estimated bad debts = $9,400

Explanation:

days outstanding     A/c Receivable    %        estimate

0-30                           $77,000              1           $770

31-60                          $46,000              4         $1,840

61-90                           $39,000              5        $1,950

91-120                          $23,000              8         $1,840

over 120                      $15,000               20       $3,000

Total                            200,000                          $9,400                      

4 0
2 years ago
Read 2 more answers
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