B C D E Cost Classifications: Manufacturing / Account Amount Product / Period Nonmanufacturing Fixed / Variable Fixed Equipment depreciation: Molding 400,00 Product MOH Equipment depreciation: Fabrication 300,000 Product MOH Fixed Equipment depreciation: Assembly 50,000 Product MOH Fixed ixed Equipment depreciation: Materials Handling 15,000 Product MOH Equipment depreciation: Other 10,000 Product MOH Fixed Product MOH Fixed Production suprvision: Molding 60,000 Production supervision: Fabrication 65,000 Product MOH Fixe 10 Production supervision: Assembly 58,000 Product MOH Fixed 72,000 MOH Fixed 11 Indirect labor: Maintenance & Repairs Product 12 Indirect labor: Materials Handling 68,000 Product MOH Fixed 170,000 Product Fixed 13 Indirect labor: Engineering MOH 14 Indirect labor: Raw Materials Purchasing 93,000 Product MOH Fixed 15 Indirect labor: Quality Control 38,000 Product MOH ixed 99,000 Product MOH ixed 16 Indirect labor: Packaging & Shipping 18,000 Product MOH Variable 17 Indirect materials: Molding Variable 18 Indirect materials: Fabrication 13,000 Product MOH 8,000 Variable 19 Indirect materials: Assembly Product MOH 24,000 Product MOH Variable 20 Utilities: Molding 20,000 Product MOH Variable 21 Utilities: Fabrication 6,000 Product MOH Variable 22 Utilities: Assembly 23 Product MOH Fixed Utilties: Plant lighting and other equipment 12,000 24 Utilities: Heating and cooling 24,000 Product MOH Fixed 25 Property insurance 26,000 Product MOH ixed 18,000 Produ MOH Fixed 26 Liability insurance MOH Fixed 27 Medical insurance 45,000 Product 28 Workers' compensation insurance 13,000 Product MOH Fixed 165,000 Fixed 29 Other salaries: Plant manager Product MOH MOH Fixed 30 Other salaries: Accounting 89,000 Product -ixed 31 Other salaries: Administrative support 56,000 Product MOH 32 Other salaries: Janitorial 48,000 Product MOH Fixed 44,000 Product MOH Fixed 33 Other salaries: Security and grounds maintenance Fixed 34 Property taxes 18,000 Product MOH 35 Payroll taxes: Direct labor 79,000 Product MOH Variable 165,000 Product MOH Fixed 36 Payroll taxes: Other 2,220,000 Product Direct materials Variable 37 Direct materials 38 Direct labor 1,365,000 Product Direct labor Variable 39 Accounting manager's salary 88,000 Period Administrative Fixed 40 Administrative office insurance 2,000 Period Administrative Fixe 41 Advertising 400,000 Period Selling Fixe 42 Depreciation on office equipment 15,000 Period Administrative Fixed 43 Heat & electricity for the general office 4,000 Period Administrative Fixed 44 Janitorial services for administrative offices 26,000 Period Administrative Fixed 45 Salaries of accounts receivable/payable clerks 78,000 Period Administrative Fixed Sales commissions 480,000 Period Selling Variable 120,000 Selling Fixed 47 Sales manager's salary Period 48 Supplies for administrative office 1,000 Period Administrative ixed 49 Customer billing supplies 2,000 Period Administrative VariableA B C Crispin Company N Traditional Format Income Statement 3 4 Sales $ 8,000,000 5 Cost of goods sold 6 Gross margin 8,000,000 7 Selling and administrative expenses: 8 Selling 9 Administrative 10 Net operating income 8,000,000 11 12 13 Crispin Company 14 Contribution Format Income Statement 15 Sales $ 8,000,000 16 Variable expenses: 17 Cost of goods sold 18 Variable selling 19 Variable administrative 20 Contribution margin 8,000,000 21 Fixed expenses: 22 Fixed manufacturingad 23 Fixed selling 24 Fixed administrative 25 Net operating income 8.000,000 26 27 28 Fill In 29 Auto-CalcCalculate the company's total product costs and total period costs. Assessment Tool iFrame The total products costs are The total period costs areCalculate the portions of the total product costs that would be classied as direct materials, direct labor, and manufacturing overhead (MOH). The total direct material cost is The total direct labor cost is The total manufacturing overhead cost is Calculate the portions of the total period costs that would be classified as selling expense and administrative expense. The total selling expense is _ The total administrative expense is _ d. Prepare a bar chart that includes a total of two bars. The first bar will depict the total period costs and the amounts of that grand total that are categorized as selling expenses and administrative expenses. The second bar will depict the total product costs and the amounts ofthat grand total that are categorized as direct materials, direct labor, and manufacturing overhead (MOH). Which of the following statements are true according to this bar chart. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) D The direct labor is the smallest amount of the three product costs. I: The total selling expense is greater than the total administrative expense. CI The total selling expense is less than the total direct materials cost