acctg 213 ch 1 hw - Jeremy Liebman 950929750 Tomcal Chapter...

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Jeremy Liebman 950929750 Tomcal Chapter 1 Ex 24, 26, 28, 29, 30, 31, 32, 34, 35, 36, 37 P 43, 44, 48, 51 E-24) 1. Costs Salaries Commissions Derek’s salary $25,000 Lawanna’s salary $30,000 Derek’s commissions $6,000 Lawanna’s commissions $1,500 Total $55,000 $7,500 2. All of Derek’s time is through sales so all of his salary is through selling. Lawanna’s is 2/3rds selling, but it is also 1/3 administrative. E-26) A) Direct B) Indirect C) Direct D) Indirect E) Direct F) Indirect G) Indirect H) Direct I) Indirect J) Indirect K) Indirect L) Indirect M) Indirect E-28) 1) Product Cost Period Cost Costs Direct Material s Direct Labor Overhead Selling Expense Administrative Expense Direct materials $216,000 Factory rent $ 24,000 Direct labor $120,000 Factory utilities $6,300 Supervision in the factory $50,000 Indirect labor in the factory $30,000 Depreciation on factory equipment $9,000
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Sales commissions $27,000 Sales salaries $65,000 Advertising $37,000 Depreciation on the headquarters building $10,000 Salary of the corporate receptionist $30,000 Other administrative costs $175,000 Salary of the factory receptionist $28,000 Totals $216,000 $120,000 $147,300 $129,000 $215,000 2. Direct materials: $216,000 Direct labor: $120,000 Overhead: $147,300 Total product cost: $483,300 3. Total period cost = $129,000 + $215,000 = $344,000 4. Unit product cost = $483,300/30,000 = $16.11 E-29) Costs
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This note was uploaded on 04/07/2008 for the course ACCTG 213 taught by Professor Tomcal during the Spring '08 term at University of Oregon.

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acctg 213 ch 1 hw - Jeremy Liebman 950929750 Tomcal Chapter...

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