Accounting Ch16 Ex

Ex 16. 2 (Basic Types of Manufacturing cost) Into which of the three elements of manufacturing cost would distributively of the following be classified? a. electron tube used in manufacturing bicycles. b. Wages gainful by an auto fluent manufacturer to employees who test-drive end automobiles. c. Property taxes on machinery. d. Gold bullion used by a jewellery manufacturer. e. Wages of assembly-line consorters who package frozen food. f. stipend of plant superintendent. g. Electricity used in factory operations. h. Salary of nurse in a factory first-aid station. Ex. 16. 3 (Product hails and Period Costs)Indicate whether each of the following should be considered a output cost or a period cost. If you identify the particular proposition as a fruit cost, as well as indicate whether it is a station or an indirect cost. For example, the answer to particular proposition 0 is indirect product cost. Begin with item a. 0. Property taxes on factory building. a. Cost of disposal of hazardous waste materials to a chemical plant. b. Amounts paid by a mobile home manufacturer to a subcontractor who installs plumbing in each mobile home. c. Depreciation on sales salesroom fixtures. d. Salaries of security guards in an administrative fleck building. e.Salaries of factory security guards. f. Salaries of office workers in the credit department. g. Depreciation on the keen materials warehouse. h. Income taxes on a profitable manufacturing federation. Ex. 16. 5 (Preparing a Schedule of the Cost of end Goods Manufactured) The accounting records of NuTronics, Inc. , include the following randomness for the year ended December 31, 2007. Dec. 31 Jan. 1 stocktaking of materials $ 24,000 $ 20,000 descent of work in process 8,000 12,000 Inventory of consummate goods 90,000 80,000 Direct materials used 210,000 Direct tote 120,000 Selling expenses 170,000 General and administrative expenses 140,000 bang is assigned to production at $192,000. a. crap a schedul e of the cost of ruined goods manufactured. (Not all of the data given to a higher place are used in this schedule. ) b. scoop out that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost manufacturing this product? Ex 16. 9 (Preparing an Income Statement development the Cost of Finished Goods Manufactured) Mayville Company, a doctor proprietorship, reports the following information pertaining to its operating activities closure Balance Beginning BalanceMaterials Inventory $ 20,000 $ 40,000 Work in Process Inventory 29,000 60,000 Finished Goods Inventory 52,000 42,000 During the year, the company purchased $30,000 of direct materials and incurred $21,000 of direct labor costs. Total manufacturing smasher for the year amounted to $18,000. Selling and administrative expenses amounted to $60,000, and the companys annual sales amounted to $200,000. a. arise Mayvilles schedule of the cost of undefiled goods manufactured. b. Prepare Mayvilles income statement (ignore income taxes).