Week1-Assignment1

Week1-Assignment1 - Exercise 10-1 Managerial Accounting X X X X X X X X X Financial Accounting X a b c d e f g h i j Exercise 10-3 Cost Category

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Exercise 10-1 Managerial Accounting Financial Accounting a. X b. X c. X d. X e. X f. X g. X h. X i. X j. X Exercise 10-3 Cost Category Product / Asset / Expense Production supplies Product Asset Depreciation on administration building Expense Depreciation on manufacturing equipment Product Asset Research and development costs Expense Costs to set up manufacturing equipment Product Asset Utilities used in factory Product Asset Cars for sales staff Asset Distributions to stockholders Neither Neither General office supplies Expense Raw materials used in the manufacturing process Product Asset Costs to rent office equipment Expense Wages of production workers Product Asset Advertising Expense Promotion costs Expense Exercise 10-6 a. The three main components of product cost for a manufacturing entity are direct materials, direct labor, and manufacturing overhead.
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b. The product cost in a merchandising company, such as a retail toy store, is relatively easy to determine. It includes vendor’s price
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This note was uploaded on 04/20/2011 for the course ACC 202 taught by Professor Alao during the Spring '10 term at Ashford University.

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Week1-Assignment1 - Exercise 10-1 Managerial Accounting X X X X X X X X X Financial Accounting X a b c d e f g h i j Exercise 10-3 Cost Category

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