Assignment_answer_week_1 - Exercise 2-1 1. The wages of...

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Unformatted text preview: Exercise 2-1 1. The wages of employees who build the sailboats: direct labor cost. 2. The cost of advertising in the local newspapers: marketing and selling cost. 3. The cost of an aluminum mast installed in a sailboat: direct materials cost. 4. The wages of the assembly shops supervisor: manufacturing overhead cost. 5. Rent on the boathouse: a combination of manufacturing overhead, administrative, and marketing and selling cost. The rent would most likely be prorated on the basis of the amount of space occupied by manufacturing, administrative, and marketing operations. 6. The wages of the companys bookkeeper: administrative cost. 7. Sales commissions paid to the companys salespeople: marketing and selling cost. 8. Depreciation on power tools: manufacturing overhead cost. Exercise 2-2 Product (Inventoriable) Cost Period Cost 1. The cost of the memory chips used in a radar set..................................................... X 2. Factory heating costs.................................... X 3. Factory equipment maintenance costs......... X 4. Training costs for new administrative employees.................................................. X 5. The cost of the solder that is used in assembling the radar sets.......................... X 6. The travel costs of the companys salespersons.............................................. X 7. Wages and salaries of factory security personnel................................................... X 8. The cost of air-conditioning executive offices......................................... X 9. Wages and salaries in the department that handles billing customers........................... X 10. Depreciation on the equipment in the fitness room used by factory workers.................... X 11. Telephone expenses incurred by factory management.............................................. X 12. The costs of shipping completed radar sets to customers............................................... X 13. The wages of the workers who assemble the radar sets............................................. X 14. The presidents salary................................... X 15. Health insurance premiums for factory personnel................................................... X Exercise 2-4 Mannerman Fabrication Schedule of Cost of Goods Manufactured...
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This note was uploaded on 08/03/2008 for the course ACCT 525 taught by Professor Heslop during the Spring '08 term at Texas A&M University–Commerce.

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Assignment_answer_week_1 - Exercise 2-1 1. The wages of...

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