Solutions -- Week 1

Solutions -- Week 1 - GNB Problem Solutions –...

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Unformatted text preview: GNB Problem Solutions – Week-by-Week page 1 of 7 WEEK 1 GNB ASSIGNED PROBLEM SOLUTIONS BUAD 250B – FALL 2009 CLS DATES [M-W] DATES [T-Th] TOPICS READINGS ASSIGNMENTS [TO BE COMPLETED BY DATE ASSIGNED] 1 Aug 24 Aug 25 Course Overview Managerial Accounting Environment Read Ch. 1 Below, Basic Exercises{BE} introduce important chapter concepts & objectives. Problems{PR} enhance your understanding of the material. 2 Aug 26 Aug 27 Managerial Accounting Environment Cost Terms & Concepts Ch. 2 BE: 2-2, 3, 4, 5, 6, 7, 8 PR: 2-9, 11 In-class: 2-15 Exercise 2-2 1. The cost of a hard drive installed in a computer: direct materials. 2. The cost of advertising in the Puget Sound Computer User newspaper: selling. 3. The wages of employees who assemble computers from components: direct labor. 4. Sales commissions paid to the company’s salespeople: selling. 5. The wages of the assembly shop’s supervisor: manufacturing overhead. 6. The wages of the company’s accountant: administrative. 7. Depreciation on equipment used to test assembled computers before release to customers: manufacturing overhead. 8. Rent on the facility in the industrial park: a combination of manufacturing overhead, selling, and administrative. The rent would most likely be prorated on the basis of the amount of space occupied by manufacturing, selling, and administrative operations. GNB Problem Solutions – Week-by-Week page 2 of 7 Exercise 2-3 Product Cost Period Cost 1. Depreciation on salespersons’ cars ................................................ X 2. Rent on equipment used in the factory ........................................... X 3. Lubricants used for machine maintenance ..................................... X 4. Salaries of personnel who work in the finished goods warehouse . X 5. Soap and paper towels used by factory workers at the end of a shift ............................................................................................. X 6. Factory supervisors’ salaries .......................................................... X 7. Heat, water, and power consumed in the factory ........................... X 8. Materials used for boxing products for shipment overseas (units are not normally boxed) .............................................................. X 9. Advertising costs ............................................................................ X 10. Workers’ compensation insurance for factory employees .............. X 11. Depreciation on chairs and tables in the factory lunchroom ........... X 12. The wages of the receptionist in the administrative offices ............ X 13. Cost of leasing the corporate jet used by the company's executives ................................................................................... X 14. The cost of renting rooms at a Florida resort for the annual sales conference .................................................................................. X 15. The cost of packaging the company’s product ............................... 15....
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This note was uploaded on 11/14/2010 for the course BUAD 250B taught by Professor Jackson during the Spring '07 term at USC.

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Solutions -- Week 1 - GNB Problem Solutions –...

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