Each assembly line can produce all three products

Assignment Help Financial Accounting
Reference no: EM131268145

Whippany manufacturing wants to estimate costs for each product they produce at its Troy plant. The Troy plant produces three products at this plant, and runs two flexible assembly lines. Each assembly line can produce all three products. Required:

a. Classify each of the following costs as either direct or indirect for each product.

b. Classify each of the following costs as either fixed or variable with respect to the number of units produced of each product.

                                                             Direct            Indirect         Fixed           Variable

Assembly line labor wages                  ________     ________     ________     ________

Plant manager's wages                        ________     ________     ________     ________

Depreciation on the assembly

line equipment                                     ________     ________     ________     ________

Component parts for the product       ________     ________     ________     ________

Wages of security personnel for the

factory                                                 ________     ________     ________     ________

Reference no: EM131268145

Questions Cloud

Was manufacturing overhead underallocated-overallocated : Pumpkin Plastic Products Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $9 per direct labor-hour. The following data are obtained from the accounting records for June 2014: What actual amo..
Determine the potential ethical issues : Imagine you are a project leader. In your own words, define selectionism to your new project team, and explain why one of the biggest risks of selectionism is not to reach closure. Determine the potential ethical issues associated with selectionism
Analyze whether or not harley-davidson has a source : Using all you have learned to date about Harley-Davidson, analyze whether or not Harley-Davidson has a source of sustainable competitive advantage. Defend your answer using examples from your readings, the annual report, and other sources.
Credit paid-in capital from stock warrants : On May 1, 2014, Payne Co. issued $900,000 of 7% bonds at 103, which are due on April 30, 2024. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Payne’s common stock, $15 par value, were attached to each $1,000 bo..
Each assembly line can produce all three products : Whippany manufacturing wants to estimate costs for each product they produce at its Troy plant. The Troy plant produces three products at this plant, and runs two flexible assembly lines. Each assembly line can produce all three products. Classify ea..
What did you learn about teaching from your mentor teacher : A reflection on the language arts unit plan after you taught it. What were its strengths and weaknesses? What would you change and why? What did you learn about teaching from your mentor teacher? Include this reflection with your unit plan
Complete the individual employee learning plan : Address the following in the plan: Identify the information needed to develop a template that will be used to complete the individual employee's learning plan. Identify the information needed in order to develop the company's needs assessment
What is the opposite of a background stressor : Briefly, in terms of human behavior. How would you define or explain latent learning? What is the opposite of a background stressor? What kind of drug is Rohypnol, and why is called the "date rape drug"? What is the reticular formation? Where is it l..
Business functions of the value chain : Classify each cost item into one of the business functions of the value chain, either (1) R&D, (2) design, (3) production, (4) marketing, (5) distribution, or (6) customer service.

Reviews

Write a Review

Financial Accounting Questions & Answers

  How does unearned revenue link cash with sales revenue

Where does the account Unearned Revenue appear in the financial statements? How does Unearned Revenue link Cash with Sales Revenue?

  Morten construction company provides construction

Morten Construction Company provides construction services for major projects. Managers at the company believe that construction is a people-management business,

  What percentage is inventoryies to total current assets

What percentage is inventory(ies) to total current assets? Do you think this percent- age represents the importance of inventory(ies) to the company's operations?

  Calculate the companys free cash flow

Zee Corporation had net cash flows from operating activities during the past year of $432,000. Calculate the company's free cash flow. What does the result tell you about the company?

  Calculate the net cash provided by operating activities

Using the information provided above, calculate the net cash provided (used) by operating activities. Using the information provided above, calculate the net cash provided (used) by investing  activities.

  Discuss how this influence takes effect

in which countries does taxation tend to have a major influence on published company accounts? Discuss how this influence takes effect and what the position is regarding the treatment of taxation in consolidated accounts.

  Calculation of missing information used in accounts equation

Calculation of missing information used in Accounts Equation and Determine the missing amount from each of the separate situations.

  Lease accounting methods

Which of the following statements is true about lease accounting methods?

  Decided to change to the sum-of-the-years’-digits method

Irwin, Inc., constructed a machine at a total cost of $35 million. Construction was completed at the end of 2009 and the machine was placed in service at the beginning of 2010. The machine was being depreciated over a 10-year life using the straight-..

  Question norman co borrowed 15000 from the local bank on

question norman co. borrowed 15000 from the local bank on 1st april 2012 when the company was started. the note had an

  Text outlined several tactics employed by boards

The text outlined several tactics employed by boards to mitigate a hostile takeover. As a board member, which move would you favor? As an acquiring company, which move would you despise the most? Why?

  Prepare journal entries to record each of transactions

Prepare journal entries to record each of the above transactions. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $140,000 in cash for the property. According to appraisals, the l..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd