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iogann1982 [59]
3 years ago
9

The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its ass

embly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that the company incurs. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost. 1. The cost of a hard drive installed in a computer. multiple choice 1 Direct labor cost Direct materials cost Manufacturing overhead cost Selling cost Administrative cost 2. The cost of advertising in the Puget Sound Computer User newspaper. multiple choice 2 Direct labor cost Direct materials cost Manufacturing overhead cost Selling cost Administrative cost 3. The wages of employees who assemble computers from components. multiple choice 3 Direct labor cost Direct materials cost Manufacturing overhead cost Selling cost Administrative cost 4. Sales commissions paid to the company’s salespeople. multiple choice 4 Direct labor cost Direct materials cost Manufacturing overhead cost
Business
1 answer:
Anvisha [2.4K]3 years ago
5 0

Answer:

1. The cost of a hard drive installed in a computer. DIRECT MATERIAL COST.

The business of the company is to make computers so when it comes to hard drives, these are fundamental parts of a computer so they will be classified as direct materials since they are directly involved in the production process.

2. The cost of advertising in the Puget Sound Computer User newspaper. SELLING COST.

Advertising is done to be able to sell gods and services so it will fall under selling costs.

3. The wages of employees who assemble computers from components. DIRECT LABOR COST.

The labor cost of those that are involved in the direct manufacture of the computer will be considered direct labor as they are directly involved in the production process.

4. Sales commissions paid to the company’s salespeople. SELLING COST.

Sales commissions are paid to encourage the salespeople to sell more so this is a selling cost as it is incurred to increase sales.

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Answer:

$182,083

Explanation:

The computation of the total assets by considering the total assets turnover is shown below:

Total assets turnover = Sales ÷ total assets

2.4 = $415,000  ÷ total assets

So, the total assets equal to

= $415,000 ÷ 2.4

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5 0
3 years ago
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production
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Answer:

Explanation:

We solve this prblem in three steps    

   

Step#1    

In this step we will prepare the summary of units produces and trasffered and units in closing stock    

   

   

Opening units  8000  

Started                133000  

                            141000  

Transffered           122000  

Closing                       19000  

Step#2

We will prepare production and cost table, total cost will be divided by the total units produced to identify the cost per unit  incurred on material, labor and overheads.

Cost      opening   Current    Total      Complete  Closing  Equiv.      Cost

Head       Cost        Cost        Cost          units          WIP      Units     Per unit

Material  38,600  751,000   789,600   122,000    19,000  141,000  5.6000  

Labor     1,480      138,820    140,300   122,000    13,300 135,300  1.0370  

O.H       2,960      267,640   270,600  122,000    13,300  135,300  2.0000  

Step-3      

In this process we will calculate the cost incurred during the period.      

   

   

Complete  122,000   8.64   1,053,708  

   

Closing Wip    

   

Material    19,000   5.60            106,400  

Labor              13,300   1.04            13,792  

Overheads  13,300   2.00            26,600  

                                            146,792  

   

Total Cost                             1,200,500  

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