Find the cost incurred in a manufacturing firm

Assignment Help Accounting Basics
Reference no: EM13516418

For each of the following costs incurred in a manufacturing firm, indicate whether the costs are fiXed (F) or variable (V) and whether they are period costs (P) or product costs (M) under full absorption costing.

a. Chief financial officer's salary.
b. Depreciation on pollution control equipment in the plant.
c. Office supplies for the human resources manager.
d. Power to operate factory equipment.
e. Commissions paid to sales personnel.

Reference no: EM13516418

Questions Cloud

What is the strain in the post when the load is applied : A vertical solid steel post 24.0cm in diameter and 2.50m long is required to support a load of 8100 kg. You may ignore the weight of the post. What is the strain in the post when the load is applied
Explain the ph of a solution prepared by dissolving : What is the pH of a solution prepared by dissolving 0.250 mol of NH3 in sufficient water to make 1.00 L of solution (Kb NH3 = 1.8 x 10-5)
A medium-sized manufacturer of motorcycle cruisers : A medium-sized manufacturer of motorcycle cruisers
Calculate the tangential speed of the star : A star has a mass of 1.87 x 1030 kg and is moving in a circular orbit about the center of its galaxy. The radius of the orbit is 3.5 x 104 light-years, Determine the tangential speed of the star
Find the cost incurred in a manufacturing firm : For each of the costs incurred in a manufacturing firm, indicate whether the costs are fiXed (F) or variable (V) and whether they are period costs (P) or product costs (M) under full absorption costing.
State the complete formula equation for the reaction : Write the complete formula equation for the reaction, where ionic species are written as NaCl(aq) rather than Na+(aq) + Cl-(aq), using the smallest integer coefficients, including symbols for states of matter.
What is the electron drift speed in the wire : A current of 0.500 A flows through an aluminum wire. The aluminum wire has a length of 2.00 m, what is the electron drift speed in the wire
The primary objective of performance management : The primary objective of performance management is to ensure that the employee performance is congruent with the employee's career objectives.
Ethnocentric-polycentric-geocentric or regiocentric : Select an MNE with which you are familiar and determine which staffing approach (ethnocentric, polycentric, geocentric, or regiocentric) would be most beneficial to that enterprise. Support your answer with an example.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of the following is not an significant factor to

which of the following is not an important factor to consider when preparing a sales forecast?a. the state of the

  Your audit team is conducting year-end inventory counts for

your audit team is conducting year-end inventory counts for a client and is debating the impact of the clients right of

  Compute retained earnings

Before the correction was made, and before the books were closed on December 31, 2011, retained earnings was understated by?

  Identify three different businesses

Looking to your neighborhood and businesses that you frequent, identify three different businesses and then state whether they would benefit most from the FIFO, LIFO or Weighted Average approach to accounting for their inventories. State a reason ..

  A companys payroll runs 2800 every two weeks 200 per day

a companys payroll runs 2800 every two weeks 200 per day the last pay day was friday december 19th and the next pay day

  Units work in process june 1 20 complete 4000 started in

units work in process june 1 20 complete 4000 started in june 32000 work in progress june 30 30 complete 12000

  Lower-of-cost or market methods

Alpine uses the Lifo method of inventory in conjunction with the lower-of-cost or market methods. Additional information states that teh value of the total cabinet inventory was still above costs.

  Determining balance of retained earnings

In April 2006, ABC Motors had Total Sales of $100,000; Total Expenses of $60,000 and a beginning balance of Retained Earnings of $25,000. The company will pay a $10,000 dividend this month (the dividend was declared this month as well). What is th..

  Transfer taxes to change the title

Cardinal, LLC incurred $20,000 of startup expenses, $3,000 of organizational costs, and paid $10,000 in transfer taxes to change the title (ownership) of a building contributed by one of the LLC's members. Which of the following statements is corr..

  Amount of depreciation recorded against an asset

The total amount of depreciation recorded against an asset or group of assets during the entire time the asset or assets have been owned:

  Fraud awareness training

Fraud awareness training should be: a. broad and all encompassing b. extensive and include details for all functional areas c. specifically related to the employee's job responsibility

  Why traditional functional income statement is not suitable

Explain why a traditional functional income statement is not suitable for the Cost Volume Profit (CVP) analysis. What is the key point that makes a contribution approach income statement useful for CVP relationship analysis.

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