Current Attempt in Progress Tamarisk Express reports the following costs and expenses in June 2022 for its delivery service. Indirect materials used $7,590 Drivers' salaries $18,880 Depreciation on delivery equipment 13,140 Advertising 5,580 Dispatcher's salary 5,900 Delivery equipment repairs 354 Property taxes on office building 1,080 Office supplies 767 CEO's salary 14,160 Office utilities 1,180 Gas and oil for delivery trucks 2,520 Repairs on office equipment 226 Determine the total amount of (a) delivery service (product) costs and (b) period costs. Delivery service (product) costs $ Period costs Save for Later $ Attempts: 0 of 1 used Submit Answer

Current Attempt in Progress Tamarisk Express reports the following costs and expenses in June 2022 for its delivery service. Indirect materials used $7,590 Drivers' salaries $18,880 Depreciation on delivery equipment 13,140 Advertising 5,580 Dispatcher's salary 5,900 Delivery equipment repairs 354 Property taxes on office building 1,080 Office supplies 767 CEO's salary 14,160 Office utilities 1,180 Gas and oil for delivery trucks 2,520 Repairs on office equipment 226 Determine the total amount of (a) delivery service (product) costs and (b) period costs. Delivery service (product) costs $ Period costs Save for Later $ Attempts: 0 of 1 used Submit Answer

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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Rapid Delivery Service reports the following costs and expenses in June 2010. Indirect materials $ 5,400 Drivers' salaries $11,000 Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment 1,600 11,200 5,000 300 650 870 12,000 2,200 990 180 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs.
1. Rapid Delivery Service reports the following costs and expenses in June 2010. Indirect materials $ 5,400 $11,000 1,600 5,000 Drivers' salaries Depreciation on delivery equipment 11,200 Delivery equipment repairs Property taxes on office building Office utilities Advertising Dispatcher's salary Office supplies CEO's salary Gas and oil for delivery trucks 300 870 650 990 12,000 Repairs on office equipment 180 2,200 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs.
Sandhill Delivery Service reports the following costs and expenses in June 2022. Indirect materials Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Driver's salaries Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment (a) $ Product costs $ 8,320 11,160 5,000 900 12,000 3,160 17,000 5,080 280 720 2,390 180 Determine the total amount of delivery service (product) costs.
Question #1: The Fiberglass Boat Company reported the following costs and expenses in May 2021: Factory utilities $ 12,865 Depreciation on factory 269,525 equipment 6,110 Depreciation on delivery trucks 9,600 Indirect factory labor 41,255 1,325 equipment Indirect materials Direct materials used Factory manager's salary 2,687 used Property taxes on factory 1,965 building Repairs to office Factory repairs 18,685 Advertising 21,670 Office supplies 12,680 Direct labor $232,985 Sales staff salaries 198,665 47,500 Instructions 1. Set up and complete a schedule as shown in the example below, listing each item above, including its dollar amount, under the proper classification heading. 2. Total each column to show the total of all costs and expenses under each one. Cost and Expense Description Product Cost Period Cost Factory Utilities Manufacturing Overhead $12,865
Bubba Manufacturing Company provided the following information for the fiscal year toJune 30, 2020:Inventories 01/07/2019 30/06/2020Direct Materials $72,000 $65,000Work-in-Process $107,000 $128,000Finished Goods $149,500 $141,700Other information:Office cleaner’s wages 4,500Sales Revenue 1,031,000Raw materials purchased 235,000Factory wages 239,700Indirect materials 23,500Delivery truck driver’s wages 15,400Indirect labor 9,500Depreciation on factory plant & equipment 32,000Insurance 1 60,000Depreciation on delivery truck 7,250Utilities 2 118,750Administrative salaries 41,250Special Design Costs 5,000Selling expenses 9,000Sales Commission 2% of gross profit 1 Of the total insurance, 66⅔% relates to the factory facilities & 33⅓% relates to general& administrative costs.2 Of the total utilities, 80% relates to the manufacturing facilities & 20% relates to theoffice area. Requirements:…
Current Attempt in Progress Tamarisk Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $14,800 12,120 3,840 47,120 77,440 132,480 8,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used $66,480 44,320 2,400 1,280 1,920 14,400 2,510
Indirect materials used Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Delivery service (product) costs $ Period costs $6,940 LA 12,040 5,400 980 12,960 2,320 Drivers' salaries Advertising Delivery equipment repairs Office supplies Determine the total amount of (a) delivery service (product) costs and (b) period costs. Office utilities Repairs on office equipment $17,280 5,080 324 702 1,080 206
Practice: The following data are taken from the accounting records of Gregory Mfg. Co.: 2019 2018 Ending inventories: Materials $ 100,000 $80,000 Work in Process $64,000 $56,000 Finished Goods $140,000 $170,000 Manufacturing goods: Direct materials used $657,000 Direct labor costs charged to production $270,000 Manufacturing Overhead $378,000 Show All Calculations: Outline a schedule of cost of goods manufactured for 2019 in good form The company generally prices products adding 20% to the cost of goods sold. Determine the total revenue the company would have generated in 2019.
Bubba Manufacturing Company provided the following information for the fiscal year toJune 30, 2020:Inventories 01/07/2019 30/06/2020Direct MaterialsWork-in-ProcessFinished Goods$72,000107,000149,500$65,000128,000141,700Other information:Office cleaner’s wages 4,500Sales Revenue 1,031,000Raw materials purchased 235,000Factory wages 239,700Indirect materials 23,500Delivery truck driver’s wages 15,400Indirect labor 9,500Depreciation on factory plant & equipment 32,000Insurance 1 60,000Depreciation on delivery truck 7,250Utilities 2 118,750Administrative salaries 41,250Special Design Costs 5,000Selling expenses 9,000Sales Commission 2% of gross profit1 Of the total insurance, 66⅔% relates to the factory facilities & 33⅓% relates to general& administrative costs.2 Of the total utilities, 80% relates to the manufacturing facilities & 20% relates to theoffice area.Requirements:a) What was the amount of direct materials used in production?b) What was the amount of manufacturing…
7. Peter Senen Company has the following cost data as of Sept 1, 2020 Materials purchased P170,000 200,000 400,000 210,000 50,000 Materials used Direct labor Factory overhead Office rent What is the total conversion costs?
Ibra factory reports the following costs and expenses in June 2019. Indirect materials OMR 5,400 Direct Labor OMR 16,000 Depreciation on factory equipment 11,200 Advertising expense 4,600 Manager factory salary 5,000 Factory equipment repairs 300 Property taxes on office building 870 Office supplies 650 Manager office salary 12,000 Office utilities 990 Indirect labor 2,200 Repairs on office equipment 180 What is the period costs for June 2019: Select one: Oa. 18,300 Ob. 19,110 Oc. 18,420 O d. None of the answers are correct e. 19,290
(b) Prepare an income statement for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Axteks Corporation Income Statement : eTextbook and Media Save for Later +A Attempts: 0 of 3 used Submit Answer