Identify the following costs as a product cost or a period cost for an automobile manufacturer. a.
Question:
Identify the following costs as a product cost or a period cost for an automobile manufacturer.
a. Sales staff salaries
b. Rent on office building
c. Wages of employees that operate painting equipment
d. Steel
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a Period co...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
Question Posted:
Students also viewed these Business questions
-
Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for a textbook publisher. a. Maintenance on printing machines b. Glue used to bind books c. Wages of...
-
An automobile manufacturer employs sales representatives who make calls on dealers. The manufacturer wishes to compare the effectiveness of four different call-frequency plans for the sales...
-
Classify each of the following costs as a product cost or period cost. If it is a product cost, classify it as direct (or indirect) materials, direct (or indirect) labor, or overhead. a. Wheat used...
-
Read the following statements. In response, state True, False or Uncertain and explain why: (a) Since resources have substitutes, nature imposes particular scarcities, not an inescapable general...
-
60-day interest rate (simple, p.a.) are 3% at home (usd) and 4% abroad (eur). The spot rate is 1.250. There are no spreads, as you probably noticed. (a) Check that investing eur 1m, hedged, returns...
-
Potassium dichromate (K 2 Cr 2 O 7 ) is to be recovered from a 21 wt% aqueous solution in a continuous crystallization operation. The solution is joined by a recycle stream and fed to a vacuum...
-
What type of documents can be obtained through document requests?
-
Selected financial statement data for Schmitzer Inc. is shown below: What was the amount of net sales for2011? 2011 2010 Balance sheet nventories Ratio Gross profit ratio for 2011 Inventory turnover...
-
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total...
-
A company has decided to order 360 units whenever the on-hand inventory falls to 90 units. There appears to be no seasonal fluctuation to the demand, but it does fluctuate daily and is approximately...
-
Identify the following costs as a product cost or a period cost for a magazine publisher. a. Maintenance on printing machines b. Sales salaries c. Depreciation expensecorporate headquarters d. Paper...
-
Identify the following costs as a prime cost (P), conversion cost (C), or both (B) for a magazine publisher. a. Maintenance on printing machines b. Glue used to bind magazine c. Wages of printing...
-
Implement SplitLists described in Exercise 3 as a client function. An Unsorted Type ADT is to be extended by the addition of function SplitLists, which has the following specifications: Exercise 3 1....
-
Define equivalent evaporation and factor of evaporation.
-
Provide some examples of phonemes, morphemes, syntax, and semantic aspects of language.
-
Differentiate between a boiler and a steam generator.
-
Discuss the principal effects that the writings of Karl Marx have had on anthropological theory. Do you think that Marxist anthropology is the same as communist anthropology? Why or why not?
-
Is private ownership of land a universal concept that applies to all societies? How much variation in ownership is found among forager groups?
-
The figures are similar. Find the length of side x and side y. 9. 15 A' B' D C' D' 10
-
The Strahler Stream Order System ranks streams based on the number of tributaries that have merged. It is a top-down system where rivers of the first order are the headwaters (aka outermost...
-
Describe the basic cost flow equation and explain how it is used to reconcile costs to be accounted for with costs accounted for.
-
Describe the last two stages of the production process at Hershey.
-
How does a company determine the number of production cost reports to be prepared for each reporting period?
-
What is a job evaluation used to conduct an unbiased comparison and analysis of the utility comparison and analysis of the utility of roles within the organization? Job evaluations must be defined...
-
what is happening in each line of code? 2. a) Predict the output of the following code: def change (arr0): maxlen (arr0) arr1 = [] for i in range (max): arr1.append(arr0 [max - i - 1]) return arrl...
-
Here is your starter code: src DCB 'a', 'b', 'c', 'd', 'e', 'f', 'g', 'h', 'i', 'j', 'k', 'l', 0 dst DCB 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0 begin rewrite the assembly code using this as the...
Study smarter with the SolutionInn App