Question
ABC Company manufactures recreational vehicles and incurred the following costs during the current year. Required: Classify each cost using the table format given below: Product
ABC Company manufactures recreational vehicles and incurred the following costs during the current year.
Required: Classify each cost using the table format given below:
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| Product Cost |
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| Direct Materials | Direct Labor |
Overhead | Selling Expense | Administrative Expense |
| 1. | Repairs to office equipment |
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| 2. | Repair to painting machine |
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| 3. | Advertising on television |
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| 4. | Accounting staff wages |
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| 5. | Commissions to sales people |
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| 6. | Utilities on plant |
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| 7. | Wages to assembly workers |
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| 8. | Property taxes on office |
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| 9. | Presidents salary |
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| 10. | Wages of plant supervisors |
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
1st Edition
0471169196, 978-0471169192
