ACC_HW2 - The University of Texas at Austin McCombs School...

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The University of Texas at Austin McCombs School of Business ACC 310F: Foundations of Accounting Homework #2 Once you have completed the assignment below, you must enter your answers in the Assignments section of Blackboard on the answer sheet provided; not all homework answers will be turned in. Your answer sheet is due by 8am on Wednesday, September 24, 2008; print or save your conformation page to verify that your assignment was successfully submitted. If you have any clarification questions about the assignment, please post a note on the ACC 310F Class Q&A Discussion Board located in the Communication section of Blackboard. Crispy Crunch Potato Company produces kettle cooked potato chips in small batches and sells them under the brand name of Crispy Crunch Taters. Assume that the documents on the following page represent all of the transactions related to the company’s operations last month and that all items purchased were used. Review the information and then answer each independent question below. A. Below are some of the company’s costs; classify each cost as either Direct Materials, Direct Labor, Overhead or Period Cost and then as either a Variable Cost, Fixed Cost or Mixed Cost. DM, DL, VC, Item OH or PC FC or MC Bags from Greenbelt Global Equipment rentals from Fuzzy Spatula Promotional flyers from Al’s Advertising Payroll for Alison La Placa Payroll for Madeline Turner Corn oil from Greenbelt Global B. Calculate the company’s monthly fixed costs and variable cost per unit. Round your final per unit
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This note was uploaded on 08/31/2009 for the course ACC 310F taught by Professor Verduzco during the Fall '07 term at University of Texas at Austin.

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ACC_HW2 - The University of Texas at Austin McCombs School...

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