buad250b_sol1

buad250b_sol1 - WEEK CLS DATES [M-W] 1 DATES [T-Th] GNB...

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GNB Problem Solutions – Week-by-Week page 1 of 6 WEEK 1 GNB ASSIGNED PROBLEM SOLUTIONS BUAD 250B – FALL 2008 CLS DATES [M-W] DATES [T-Th] TOPICS READINGS ASSIGNMENTS [TO BE COMPLETED BY DATE ASSIGNED] 1 Aug 25 Aug 26 Course Overview Managerial Accounting Environment None Below, Basic Exercises{BE} introduce you to the chapter objectives; Problems{PR} solidify your understanding of the material. Some may be assigned using HW Manager, others may be collected. 2 Aug 27 Aug 28 Managerial Accounting Environment Cost Terms & Concepts Ch. 1 Ch. 2 BE: E2-1, E2-2, E2-3 & E2-4 PR: E2-11, P2-14 & P2-20(case) 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 shop’s 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 company’s bookkeeper: administrative cost. 7. Sales commissions paid to the company’s salespeople: marketing and selling cost. 8. Depreciation on power tools: manufacturing overhead cost.
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GNB Problem Solutions – Week-by-Week page 2 of 6 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 company’s 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
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This note was uploaded on 09/14/2008 for the course BUAD 250B taught by Professor Jackson during the Fall '07 term at USC.

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buad250b_sol1 - WEEK CLS DATES [M-W] 1 DATES [T-Th] GNB...

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