87) The wages of a plant supervisor would be classified as a period cost.

88) For external reporting, GAAP requires that costs be classified as either variable or fixed.

89) Depreciation can be classified as either an inventoriable cost or a period cost, depending on what is being depreciated.

90) Depreciation on a factory can be classified as a period cost.

91) Springfield Manufacturing produces electronic storage devices, and uses the following three-part classification for its manufacturing costs: direct materials, direct manufacturing labor, and indirect manufacturing costs. Total indirect manufacturing costs for January were $300 million, and were allocated to each product on the basis of direct manufacturing labor costs of each line. Summary data (in millions) for January for the most popular electronic storage device, the Big Bertha, was:

Big Bertha

Direct manufacturing costs

$4,500,000

Direct manufacturing labor costs

$1,500,000

Indirect manufacturing costs

$4,250,000

Units produced

40,000

Required:

a.Compute the manufacturing cost per unit for each product produced in January.

b.Suppose production will be reduced to 30,000 units in February. Speculate as to whether the unit costs in February will most likely be higher or lower than unit costs in January; it is not necessary to calculate the exact February unit cost. Briefly explain your reasoning.

92) 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.

DirectIndirectFixedVariable

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________________________________ 

93) Hammer Inc., had the following activities during 2012:

Direct materials:

Beginning inventory$ 20,000

Purchases61,600

Ending inventory10,400

Direct manufacturing labor16,000

Manufacturing overhead12,000

Beginning work-in-process inventory800

Ending work-in-process inventory4,000

Beginning finished goods inventory24,000

Ending finished goods inventory16,000

Required:

a.What is the cost of direct materials used during 2012?

b.What is cost of goods manufactured for 2012?

c.What is cost of goods sold for 2012?

d.What amount of prime costs was added to production during 2012?

e.What amount of conversion costs was added to production during 2012?

94) Helmer Sporting Goods Company manufactured 100,000 units in 20X5 and reported the following costs:

Sandpaper$ 32,000Leasing costs-plant$ 384,000

Materials handling320,000Depreciation-equipment224,000

Coolants & lubricants22,400Property taxes-equipment32,000

Indirect manufacturing labor275,200Fire insurance-equipment16,000

Direct manufacturing labor2,176,000Direct material purchases3,136,000

Direct materials, 1/1/X5384,000Direct materials, 12/31/X5275,200

Finished goods, 1/1/X5672,000Sales revenue12,800,000

Finished goods, 12/31/X51,280,000Sales commissions640,000

Work-in-process, 1/1/X596,000Sales salaries576,000

Work-in-process, 12/31/X564,000Advertising costs480,000

Administration costs800,000

Required:

a.What is the amount of direct materials used during 20X5?

b.What manufacturing costs were added to WIP during 20X5?

c.What is cost of goods manufactured for 20X5?

d.What is cost of goods sold for 20X5?

87) The wages of a plant supervisor would be classified as a period cost.

88) For external reporting, GAAP requires that costs be classified as either variable or fixed.

89) Depreciation can be classified as either an inventoriable cost or a period cost, depending on what is being depreciated.

90) Depreciation on a factory can be classified as a period cost.

91) Springfield Manufacturing produces electronic storage devices, and uses the following three-part classification for its manufacturing costs: direct materials, direct manufacturing labor, and indirect manufacturing costs. Total indirect manufacturing costs for January were $300 million, and were allocated to each product on the basis of direct manufacturing labor costs of each line. Summary data (in millions) for January for the most popular electronic storage device, the Big Bertha, was:

Big Bertha

Direct manufacturing costs

$4,500,000

Direct manufacturing labor costs

$1,500,000

Indirect manufacturing costs

$4,250,000

Units produced

40,000

Required:

a.Compute the manufacturing cost per unit for each product produced in January.

b.Suppose production will be reduced to 30,000 units in February. Speculate as to whether the unit costs in February will most likely be higher or lower than unit costs in January; it is not necessary to calculate the exact February unit cost. Briefly explain your reasoning.

92) 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.

DirectIndirectFixedVariable

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________________________________ 

93) Hammer Inc., had the following activities during 2012:

Direct materials:

Beginning inventory$ 20,000

Purchases61,600

Ending inventory10,400

Direct manufacturing labor16,000

Manufacturing overhead12,000

Beginning work-in-process inventory800

Ending work-in-process inventory4,000

Beginning finished goods inventory24,000

Ending finished goods inventory16,000

Required:

a.What is the cost of direct materials used during 2012?

b.What is cost of goods manufactured for 2012?

c.What is cost of goods sold for 2012?

d.What amount of prime costs was added to production during 2012?

e.What amount of conversion costs was added to production during 2012?

94) Helmer Sporting Goods Company manufactured 100,000 units in 20X5 and reported the following costs:

Sandpaper$ 32,000Leasing costs-plant$ 384,000

Materials handling320,000Depreciation-equipment224,000

Coolants & lubricants22,400Property taxes-equipment32,000

Indirect manufacturing labor275,200Fire insurance-equipment16,000

Direct manufacturing labor2,176,000Direct material purchases3,136,000

Direct materials, 1/1/X5384,000Direct materials, 12/31/X5275,200

Finished goods, 1/1/X5672,000Sales revenue12,800,000

Finished goods, 12/31/X51,280,000Sales commissions640,000

Work-in-process, 1/1/X596,000Sales salaries576,000

Work-in-process, 12/31/X564,000Advertising costs480,000

Administration costs800,000

Required:

a.What is the amount of direct materials used during 20X5?

b.What manufacturing costs were added to WIP during 20X5?

c.What is cost of goods manufactured for 20X5?

d.What is cost of goods sold for 20X5?

87) The wages of a plant supervisor would be classified as a period cost.

88) For external reporting, GAAP requires that costs be classified as either variable or fixed.

89) Depreciation can be classified as either an inventoriable cost or a period cost, depending on what is being depreciated.

90) Depreciation on a factory can be classified as a period cost.

91) Springfield Manufacturing produces electronic storage devices, and uses the following three-part classification for its manufacturing costs: direct materials, direct manufacturing labor, and indirect manufacturing costs. Total indirect manufacturing costs for January were $300 million, and were allocated to each product on the basis of direct manufacturing labor costs of each line. Summary data (in millions) for January for the most popular electronic storage device, the Big Bertha, was:

Big Bertha

Direct manufacturing costs

$4,500,000

Direct manufacturing labor costs

$1,500,000

Indirect manufacturing costs

$4,250,000

Units produced

40,000

Required:

a.Compute the manufacturing cost per unit for each product produced in January.

b.Suppose production will be reduced to 30,000 units in February. Speculate as to whether the unit costs in February will most likely be higher or lower than unit costs in January; it is not necessary to calculate the exact February unit cost. Briefly explain your reasoning.

92) 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.

DirectIndirectFixedVariable

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________________________________ 

93) Hammer Inc., had the following activities during 2012:

Direct materials:

Beginning inventory$ 20,000

Purchases61,600

Ending inventory10,400

Direct manufacturing labor16,000

Manufacturing overhead12,000

Beginning work-in-process inventory800

Ending work-in-process inventory4,000

Beginning finished goods inventory24,000

Ending finished goods inventory16,000

Required:

a.What is the cost of direct materials used during 2012?

b.What is cost of goods manufactured for 2012?

c.What is cost of goods sold for 2012?

d.What amount of prime costs was added to production during 2012?

e.What amount of conversion costs was added to production during 2012?

94) Helmer Sporting Goods Company manufactured 100,000 units in 20X5 and reported the following costs:

Sandpaper$ 32,000Leasing costs-plant$ 384,000

Materials handling320,000Depreciation-equipment224,000

Coolants & lubricants22,400Property taxes-equipment32,000

Indirect manufacturing labor275,200Fire insurance-equipment16,000

Direct manufacturing labor2,176,000Direct material purchases3,136,000

Direct materials, 1/1/X5384,000Direct materials, 12/31/X5275,200

Finished goods, 1/1/X5672,000Sales revenue12,800,000

Finished goods, 12/31/X51,280,000Sales commissions640,000

Work-in-process, 1/1/X596,000Sales salaries576,000

Work-in-process, 12/31/X564,000Advertising costs480,000

Administration costs800,000

Required:

a.What is the amount of direct materials used during 20X5?

b.What manufacturing costs were added to WIP during 20X5?

c.What is cost of goods manufactured for 20X5?

d.What is cost of goods sold for 20X5?

They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.

Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.

The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.

My third using this writer and absolutely amazing work! Very punctual and very understanding.

Outstanding job in writing my paper. I am always thrill to receive a well written paper that follows the instructions and the thorough details put into my paper. The quality of this paper is beyond awesome. Thank you so much.

I absolutely love this writer! He/she always cranks out a fabulous paper and follows the assignment guidelines/instructions perfectly. Thanks again for always providing such quality work!!!

It took some time to achieve the product I was looking for, but we eventually got there. I do feel like a lot of hard work was put into this, and it even exceeded the page requirement. I'm pretty pleased overall. I give my thanks.

Outstanding work! This writer followed every instruction and my paper came back with an A! I recommend to anyone needing help! Thank you again ❤️

Outstanding job in writing my paper. I am always thrill to receive a well written paper that follows the instructions and the thorough details put into my paper. The quality of this paper is beyond awesome. Thank you so much.

Made 100% on both the outline and the paper. Quick turnaround time and my writer responded within 30 min or less. Any edits my instructor needed, my writer was patient and worked diligently to accomplish the task. Would recommend my writer to anyone!

You are making my life so much easier! I am a single mom that works and goes to school. You guys are helping me with my projects so I can have more free time with my son.

I was sure it can fit in a single page but the next time I will add one more page because I am impressed with your professionalism and quality. Will use many more times till I graduate.

Simple registration and quality services. I just ordered one paper, and it was good enough to pass the exam. That is what I need the most. Good job.

I couldn’t finish my freaking essay, and I was very desperate. A friend of mine sent me a link, and that is how I found out about you guys. Thank you for professional tips and editing. Now, I understand how to write it properly.

I’m so grateful to you since you managed to complete my term paper in one day! You are definitely the best company ever!

I am sure on your ability to provide any type of paper I will order. I wish I could develop that skill your writers have to be able to have a flow of ideas and excellent sequencing of thoughts in writing.

I ordered a thesis paper and was satisfied. All the guys were polite and highly professional, even when I wrote to them several times per day. Thanks for your passion!

I turned to the service twice, and my papers always were beyond the expectations. To tell the truth, I was ready to find some grammar errors or something like that. However, everything was neat and tidy.

My friend recommended Doctor My Essay to me. It is convenient! Now we both turn to the service periodically coz wanna save some time and use it more effectively. I know that while I’m developing my startup, an expert is working on paper. Time management in work!

I write all paper works by myself but have some problems with literacy. Actually, I have enormous problems because English is not my native language. However, with proofreading from Doctor My Essay, I can relax and don’t be ashamed of mistakes.

Your ability to write concisely is a finding. The paper has a solid argument. It’s clear that the writer understood central claim about the topic. He also presented original ideas to consider.

That paper got the highest grade in my class and the professor thinks I’m the smartest student. Lol.

I was convinced that paper writing services are the fiction for naive students. But when it came to my research paper that was to be composed in 72 hours, I had no other options. I made the right choice when I ordered it from you!

I was also satisfied with the service. Usually, I write everything by myself, but this time ( I have no idea how it happens!) I missed the deadline. My writer was very responsible, wrote the essay quickly, and kept the instructions. Nice to know that such experts exist!

It is really affordable! The prices start from 9$, which is an excellent proposal on the market. Recently I worked with another service that took much more money and provided lower quality papers.

I am absolutely satisfied. I am first timer here. Revision was made quickly, and the author met my expectations. Thanks a lot. Paper is phenomenal.

Having heard a lot of negative reviews about such services, I was a bit skeptical. However, our cooperation with Doctor My Essay was without pitfalls. I made two comments about the final work, and they re-wrote some parts very promptly. I am satisfied and will turn to them in the future.

It was my first experience in online ordering, and I was a bit nervous. However, this was for nothing. I’ve got a high mark!

I understand that buying essays is a doubtful thing. You don’t put effort, don’t represent your ideas… However, I don’t perceive Doctor My Essay as a standard service. They don’t sell papers. They share high expertise!

According to my previous experience, this service is really the best. They support the client and have competitive writers. I give them a perfect score!

Nice service! It is cool that you can use the calculator on the main page and understand the price policy. For me, it is a huge plus!

Thanks to God I found this service! If I didn’t send my research to the teacher on time, he would eat me. I tell you! However, with doctor my essay service, I met the deadline, and I am still alive.

Your service is excellent! Convenient and not expensive. Thanks for that!

If you have problems with time management, just like me, you need to cooperate with Doctor My Essay. Once you registered and made the order, you understand how easier it makes your life! Everything is online: ordering, communication… You can control the process everywhere and be sure that an expert will provide a high-level paper.