Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$18,000 Costs 2. Wages of assembly workers-$85,000 3. Property taxes on factory-$4,000 4. Office accounting salaries-$38,000 5. Drum stands-$40,000 6. Rent cost of office for accountants-$24,000 7. Office management salaries-$225,000 8. Annual fee for factory maintenance-$20,000 9. Sales commissions-$20,000 10. Factory machinery depreciation, straight-line-$42,000

Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$18,000 Costs 2. Wages of assembly workers-$85,000 3. Property taxes on factory-$4,000 4. Office accounting salaries-$38,000 5. Drum stands-$40,000 6. Rent cost of office for accountants-$24,000 7. Office management salaries-$225,000 8. Annual fee for factory maintenance-$20,000 9. Sales commissions-$20,000 10. Factory machinery depreciation, straight-line-$42,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EB: Roper Furniture manufactures office furniture and tracks cost data across their process. The...

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Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on new home construction jobs. The following are some of the costs that they incur. Classify these costs as fixed or variable costs and as product or period costs. Lumber used to construct decks ($12.00 per square foot) Carpenter labor used to construct decks ($10 per hour) Construction supervisor salary ($45,000 per year) Depreciation on tools and equipment ($6,000 per year) Selling and administrative expenses ($35,000 per year) Rent on corporate office space ($34,000 per year) Nails, glue, and other materials required to construct deck (varies per job)
Required information [The following information applies to the questions displayed below.] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$5,000 4. Office accounting salaries-$35,000 5. Drum stands-$26,000 6. Rent cost of office for accountants- $10,000 7. Office management salaries-$125,000 8. Annual fee for factory maintenance- $10,000 9. Sales commissions-$15,000 10. Factory machinery depreciation, straight-line-$40,000 Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example. Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4. Office accounting salaries 5. Drum stands 6. Rent cost of office for accountants 7. Office management salaries 8. Annual fee for factory maintenance 9. Sales commissions 10. Factory machinery depreciation,…
Required information [The following information applies to the questions displayed below.] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$5,000 4. Office accounting salaries-$35,000 5. Drum stands-$26,000 6. Rent cost of office for accountants- $10,000 7. Office management salaries-$125,000 8. Annual fee for factory maintenance- $10,000 9. Sales commissions-$15,000 10. Factory machinery depreciation, straight-line-$40,000 2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Total manufacturing costs
[The following information applies to the questions displayed below] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing-$21,000 2. Wages of assembly workers-$86,000 3. Property taxes on factory-$7,000 4. Office accounting salaries-$42,000 5. Drum stands-$27,000 6. Rent cost of office for accountants-$12,000 7. Office management salaries-$180,000 8. Annual fee for factory maintenance-$21,000 9. Sales commissions-$15,000 10. Factory machinery depreciation, straight-line-$40,000
Required information [The following information applies to the questions displayed below.] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. ▶▶▶ 1. Plastic for casing-$21,000 2. Wages of assembly workers-$83,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$42,000 5. Drum stands-$34,000 Costs 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$140,000 8. Annual fee for factory maintenance-$19,000 9. Sales commissions-$25,000 10. Factory machinery depreciation, straight-line-$35,000 2. Compute the average manufacturing cost per drum set. Manufacturing costs Calculation of Manufacturing Cost per Drum Set Total manufacturing costs
! Required information [The following information applies to the questions displayed below.] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$22,000 2. Wages of assembly workers-$93,000 3. Property taxes on factory-$4,000 4. Office accounting salaries-$41,000 5. Drum stands-$28,000 6. Rent cost of office for accountants-$12,000 7. Office management salaries-$120,000 8. Annual fee for factory maintenance-$17,000 9. Sales commissions-$21,000 10. Factory machinery depreciation, straight-line-$47,000 Costs Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example. Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4. Office accounting salaries 5. Drum stands 6. Rent cost of office for accountants 7. Office management salaries 8. Annual fee for factory maintenance 9. Sales commissions 10. Factory machinery depreciation,…
Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$23,000 Costs 2. Wages of assembly workers-$81,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$35,000 5. Drum stands-$32,000 6. Rent cost of office for accountants-$24,000 7. Office management salaries-$155,000 8. Annual fee for factory maintenance-$20,000 9. Sales commissions-$12,000 10. Factory machinery depreciation, straight-line-$48,000 2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Total manufacturing costs $ 0
Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$20,000 2. Wages of assembly workers-$89,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$39,000 5. Drum stands-$35,000 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$210,000 8. Annual fee for factory maintenance $16,000 9. Sales commissions-$21,000 10. Factory machinery depreciation, straight-line-$41,000 Costs Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example. Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4. Office accounting salaries 5. Drum stands 6. Rent cost of office for accountants 7. Office management salaries 8. Annual fee for factory maintenance 9 Sales commissions 10 Factory machinery depreciation, straight-line i $ Product 20,000 Period
Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$5,000 4. Accounting staff salaries-$35,000 5. Drum stands (1,000 stands purchased)-$26,000 6. Rent cost of equipment for sales staff-$10,000 7. Upper management salaries-$125,000 8. Annual flat fee for factory maintenance service-$10,000 9. Sales commissions-$15 per unit 10. Machinery depreciation, straight-line-$40,000
Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $510 each. Costs 1. Plastic for casing—$17,000 2. Wages of assembly workers—$86,000 3. Property taxes on factory—$6,000 4. Accounting staff salaries—$36,000 5. Drum stands (1,000 stands purchased)—$31,000 6. Rent cost of equipment for sales staff—$48,000 7. Upper management salaries—$170,000 8. Annual flat fee for factory maintenance service—$13,000 9. Sales commissions—$20 per unit 10. Machinery depreciation, straight-line—$45,000 2. Compute the manufacturing cost per drum set. TrueBeat Calculation of Manufacturing Cost per Drum Set Item Total cost Per unit cost Variable production costs Total variable production costs Fixed production costs Total fixed production costs Total production cost
Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $510 each. Costs 1. Plastic for casing—$17,000 2. Wages of assembly workers—$86,000 3. Property taxes on factory—$6,000 4. Accounting staff salaries—$36,000 5. Drum stands (1,000 stands purchased)—$31,000 6. Rent cost of equipment for sales staff—$48,000 7. Upper management salaries—$170,000 8. Annual flat fee for factory maintenance service—$13,000 9. Sales commissions—$20 per unit 10. Machinery depreciation, straight-line—$45,000 Required:1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.) Cost by Behavior Cost by Function Costs Variable Fixed Product Period 1. Plastic for casing $17,000 $17,000 2. Wages of assembly workers 3. Property taxes on factory 4. Accounting…
Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing—$21,000 2. Wages of assembly workers—$80,000 3. Property taxes on factory—$8,000 4. Office accounting salaries—$41,000 5. Drum stands—$35,000 6. Rent cost of office for accountants—$12,000 7. Office management salaries—$165,000 8. Annual fee for factory maintenance—$12,000 9. Sales commissions—$15,000 10. Factory machinery depreciation, straight-line—$39,000 1. Classify each cost and its amount as either product or period. The first cost is completed as an example. 2. Compute the average manufacturing cost per drum set. Please don't provide solution image based thnx