Homework 020708 - Overhead 3,700 Selling expense 6,000...

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Accountancy 202 Homework handed in 02/07/08 Exercises 1-11, 12, 15 Exercises 2-19, 21, 22, 23 Exercise 1-11 Planning, control, or decision-making a Decision-making b Control c Planning d Decision-making e Planning f Decision-making Exercise 1-12 Management accounting oriented or Financial accounting oriented a Managerial b financial c Managerial d financial e Managerial Exercise 1-15 Is this ethical? No, Dave should bid the job as planned, and consider reporting Steve to his manager Exercise 2-19 1. Accumulate costs by account Salaries Commissions Derek 25,000 6,000 Lawanna 30,000 1,500 Total 55,000 7,500 2. Assign costs to selling and administrative Selling Admin Derek salary 25,000 Lawanna salary 20,000 10,000 Commissions 7,500 Total 52,500 10,000 Exercise 2-21 a Direct b Indirect c Direct d Indirect e Direct f Indirect g Indirect h Direct i Indirect j Indirect k Indirect l Indirect m Indirect Exercise 2-22
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Accountancy 202 Homework handed in 02/07/08 Weibring Manufacturing Direct Materials 5,000 Drect Labor 2,500
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Unformatted text preview: Overhead 3,700 Selling expense 6,000 Produced and sold 8,000 units 1) Product cost or period cost Direct Materials Product Drect Labor Product Overhead Product Selling expense Period 2) Total Product Cost for last month DM + DL + OH 5,000 2,500 3,700 Total 11,200 3) Unit Product Cost Total product cost / number of units produced 11,200 8,000 1.40 Exercise 2-23 1) Classify Costs Product Cost Period Cost DM DL OH Selling Admin DM 216,000 Factory Rent 24,000 DL 120,000 Utilities 6,300 Factory Supervision 50,000 Indirect Factory Labor 30,000 Deprec on Factory Equipment 9,000 Sales Commissions 27,000 Sales Salaries 65,000 Advertising 37,000 HQ office depreciation 10,000 Salary of corp reception 30,000 Other admin costs 175,000 Salary of factory reception 28,000 Total 216,000 120,000 147,300 129,000 215,000 2) Total product cost 483,300 DM + DL + OH 3) Total period cost 344,000 Selling + Admin 4) Produced 30K units Unit product cost? 16.11...
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This note was uploaded on 04/09/2008 for the course ACCOUNTING 202 taught by Professor Black during the Spring '08 term at Ole Miss.

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Homework 020708 - Overhead 3,700 Selling expense 6,000...

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