Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Is advertising a period or product cost

06/12/2021 Client: muhammad11 Deadline: 2 Day

Running Head: ACCOUNTING 1

ACCOUNTING 8

Title: ACCOUNTING

Student’s Name:

Institution:

Chapter 2

Exercise 2-28

1. The tire costs incurred by Ford Motor Company

Product cost, variable, direct material

2. The sales commissions paid to the sales force of Dell Inc.

Period cost, Variable

3. Wood glue consumed in the manufacture of Thomasville furniture

Product cost, variable, direct material

4. Hourly wages of refinery security guards employed by ExxonMobil Corporation

Product cost, variable, manufacturing overhead

5. The salary of a financial vice president of Hewlett Packard

Period cost, Fixed

6. Advertising costs of Coca-Cola

Period costs, Fixed

7. Straight line depreciation on factory machinery of Boeing Corporation.

Product cost, fixed, manufacturing overhead

8. Wages of assembly line personnel of Whirlpool Corporation

Product cost, variable, direct labor

9. Delivery costs incurred by Ben & Jerry’s for a shipment of their ice cream to a grocery store

Period cost, variable

10. Newsprint consumed in printing The New York Times

Product cost, variable, direct material

11. Plant insurance costs in Texas instruments

Product cost, fixed, manufacturing overhead

12. LED costs incurred in light bulb manufacturing of GE Lighting.

Product cost, variable, direct material

Problem 2-37

1. Evaluate the costs just cited, and determine whether the associated dollar amounts would be found on the firm’s balance sheet, income statement, or schedule of cost of goods manufactured. (Note: in some cases, more than one answer will apply)

· Salaries of players on the Boston Red Sox- Cost-of- Goods Manufactured

· Year-end completed goods of Levi Strauss jeans- Balance Sheet

· Executive compensation costs at Home Depot: -Balance Sheet and Income Statement

· Advertising costs for Sony- Income Statement

· Costs incurred during the period to insure a Ford plant against fire and floodlosses- Income Statement

· Current year's depreciation on a Carnival Cruise Line ship- Income Statement/Balance Sheet

· The cost of printer ink and paper used during the period by Shutterfly-Balance Sheet

· Assembly-line wage cost incurred at a Kona bicycle plant- Income Statement

· Year-end production in process at Lenovo Computer manufacturers- Cost-of- GoodsManufactured

· The cost of products sold to customers of a Target store- The cost of products sold

· The cost of products sold to distributors of carpet manufacturer Shaw Floors- income statement

2. What major assets will normally be insignificant for service enterprises and relatively substantial for retailers, wholesalers and manufacturers? Briefly discuss.

Inventory is the asset which differs in the businesses. However, the service businesses in the case do not carry an inventory. On the other hand, the wholesalers and the retailers always stock inventory which can be considerable in a way. Moreover, the manufacturers carry an inventory which is subdivided into three categories such as finished goods, work in process and raw materials.

3. Briefly explain the major differences between income statements of service enterprises versus those of retailers, wholesalers and manufacturers.

The similarities in the inventory are that the inventories are carried out for the purposes of making sales by the business. As far as the differences are concerned, the manufacturing firms are made to produce their goods while the retailers are made to purchase merchandise inventory

Problem 2-45

Cape Cod short shop manufactures T-shirts and decorates them with custom designs for retail sale on the premises. Several costs incurred by the company are listed below. For each cost, indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item.

Cost classifications

a. Variable

b. Fixed

c. Period

d. Product

e. Administrative

f. Selling

g. Manufacturing

h. Research and development

i. Direct material

j. Direct labor

k. Manufacturing overhead

Cost items

1. Cost of fabric used in T-shirt- Direct material

2. Wages of shirt makers- direct labor

3. Cost of new sign in front of retail T-shirt shop- direct labor

4. Wages of the employee who repair the firm’s sewing machines- direct labor

5. Cost of electricity used in the sewing department- variable

6. Wages of T-shirts designers and painters- direct labor

7. Wages of sales personnel- direct labor

8. Depreciation on sewing machines- Selling

9. Rent on the building. Part of the building’s first floor is used to make and paint T-shirts. Part of it is used for the retail sales shop. The second floor is used for administrative offices and storage of raw material and finished goods- period

10. Cost of daily advertisements in local media- Period and fixed

11. Wages of designers who experiment with new fabrics, paints and T-shirt designs- direct labor

12. Cost of hiring a pilot to fly along the beach pulling a banner advertising the shop- Period and fixed

13. Salary of the owner’s secretary- Period and fixed

14. Cost of repairing the gas furnace- Period, variable

15. Cost of insurance for the production employee- Product, fixed, manufacturing overhead

References

Spiceland, D., THOMAS, W., Nelson, M., TAN, P. H. N., Low, B., & LOW, K. Y. (2018). Intermediate accounting.

Duska, R. F., Duska, B. S., & Kury, K. W. (2018). Accounting ethics. Wiley-Blackwell.

Hoque, Z. (2018). Methodological issues in accounting research. Spiramus Press Ltd.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Homework Master
Peter O.
A Grade Exams
Top Writing Guru
Top Grade Essay
Academic Mentor
Writer Writer Name Offer Chat
Homework Master

ONLINE

Homework Master

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$43 Chat With Writer
Peter O.

ONLINE

Peter O.

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$32 Chat With Writer
A Grade Exams

ONLINE

A Grade Exams

I am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You

$42 Chat With Writer
Top Writing Guru

ONLINE

Top Writing Guru

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$40 Chat With Writer
Top Grade Essay

ONLINE

Top Grade Essay

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$22 Chat With Writer
Academic Mentor

ONLINE

Academic Mentor

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$17 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Convert 1550 to scientific notation - Unit 2 interim assessment answers grade 6 - Benzaldehyde and acetone balanced equation - Athlean x meal plan pdf - Introduction Chapter - The name of the wind leather bound - The purely competitive employer of resource a will maximize the profits from a by equating the: - How does risk response impact change control management and vulnerability management? - A concerto grosso is a type of solo concerto - Strengths and limitations of visually interpreting histograms - Market maneuvering among industry rivals - The golden compass background - What did nick gereffi died from - Organizational culture is best explained as organizational - Smart phones should be allowed in school - Godmen of india peter brent pdf - Leonard saw a pepsi stuff commercial - Jonathan valin listening room - LifeLong Leadership - Environmental aspects and impacts register - Dialogic theory of public speaking - Methanol heat of combustion - Magpie box room banchory - Phi slama jama song lyrics - Mid Term Assignment - Metropolitan area definition ap human geography - Www stress org holmes rahe stress inventory - Public Financial Management - Learning Strategies for Success - Older adult of nursing care - Public health 101 healthy people healthy populations pdf - Exercise preparing an income statement - Absolutely Zero PLAGIARISM - The mask you live in documentary questions - APA Format assignment - How to make elephant toothpaste with potassium iodide - Institutional Conflict - Nuffield academy online kallidus 1 - 900 Words 2 Assignments OCT 6th - The next big step by andrew oxspring songs - Chapter 16 accounting for income taxes - Cisco commerce workspace tool - Bending moment diagram for triangular distributed load - Mark kyle webber wentzel - What is translational research in nursing - Business management dissertation - ACCT 307 EXCEL - Group feedback 3 - Veeam file level restore from tape - What's eating gilbert grape psychology - 7 p's of service marketing mix with examples ppt - Fireside tire company case study - Discussion Board - Advanced diploma in building surveying - Initial Response INR - Www ozforex com au login asp - Winning school captain speeches - Sabine state bank oakdale la - Discussion 1 - International dimensions of organizational behavior 5th edition pdf - Blank silk road map - 1z0 067 study guide pdf - W9fore - How is't with me when every noise - A bond quote of 82.25 in dollars is equal to: - Apple inc form 10 k 2017 - Gummy worm meiosis worksheet answer key - Finance Term Paper - What is the function of the nslookup utility? - Content analysis assignment - Shadow health health history tina jones - University of wolverhampton evision - In which sea has connell set ship trap island - The following transactions took place for smart solutions inc - Inheritance of sex linked traits worksheet answers - Epa wastewater treatment manual - Family day care policies and procedures - Survey question - Ethan frome literary devices - Ancient india flying machines - Beer game bullwhip effect - Suspense in the most dangerous game worksheet answers - Engaging environment - Article review - Principles of incident response and disaster recovery 2014 pdf - Week7 - What Makes You Happy - Why did the zoot suit riots occur - As you have matured, you have developed your own morals and values to which you adhere. Understanding these morals and values can help you set goals for future employment. Develop a priority list of important values and ethical standards by which you live. Then answer these questions: How will these impact your job search? Be sure to describe how job industries, job roles, business mission statements, salary, etc. (add whatever else you expect) will be involved. Are there any trades-offs that you expect you will have to make in order to get a job? - Ficus benjamina curly barok pandora - Trelleborg pit stop line - Criminal law solicitors association - WRK 100- WEEK 11-OPEN DISCUSSION - Order 2379925: Coaching and Development Process - Form 10 land registry - Thesis and Annotated bibliography - Learnscapes for health care marketing - Underweight types - Operations and Management: Executive Practical Connection Assignment - As nzs 3760 test and tag intervals