Tp2.
lo 2.2this list contains costs that various organizations incur; they fall into three c...
Business, 08.01.2020 22:31, sammigrace5820
Tp2.
lo 2.2this list contains costs that various organizations incur; they fall into three categories: direct materials (dm), direct labor (dl), or overhead (oh).7
classify each of these items as direct materials, direct labor, or overhead.
glue used to attach labels to bottles containing a patented medicine.
compressed air used in operating paint sprayers for student painters, a company that paints houses and apartments.
insurance on a factory building and equipment.
a production department supervisor’s salary.
rent on factory machinery.
iron ore in a steel mill.
oil, gasoline, and grease for forklift trucks in a manufacturing company’s warehouse.
services of painters in building construction.
cutting oils used in machining operations.
cost of paper towels in a factory employees’ washroom.
payroll taxes and fringe benefits related to direct labor.
the plant electricians’ salaries.
crude oil to an oil refinery.
copy editor’s salary in a book publishing company.
assume your classifications could be challenged in a court case. indicate to your attorneys which of your answers for part a might be successfully disputed by the opposing attorneys and why. in which answers are you completely confident?
Answers: 2
Business, 22.06.2019 10:40, jonnaevans4856
You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?
Answers: 1
Business, 22.06.2019 15:30, emilylizbeth12334
For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.
Answers: 1
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