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Week1-Assignment1 - Exercise 10-1 Managerial Accounting X X...

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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 / G,S,&A Asset / Expense Production supplies Product Asset Depreciation on administration building G,S,&A Expense Depreciation on manufacturing equipment Product Asset Research and development costs G,S,&A Expense Costs to set up manufacturing equipment Product Asset Utilities used in factory Product Asset Cars for sales staff G,S,&A Asset Distributions to stockholders Neither Neither General office supplies G,S,&A Expense Raw materials used in the manufacturing process Product Asset Costs to rent office equipment G,S,&A Expense Wages of production workers Product Asset Advertising G,S,&A Expense Promotion costs G,S,&A 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.
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