Exercise 14-5 Classifying manufacturing costs LO C3 Some costs related to Apple's iPad are listed below. Identify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and administrative expenses by selecting the appropriate dropdowns. 1 Display screen 2. Assembly-line supervisor salary 3. Wages for assembly workers 4. Salary of the chief executive officer 5. Glue to hold iPad cases together 6 Uniforms provided for each factory worker 7. Wages for retail store worker 8. Depreciation (straight-line) on robotic equipment used in assembly Exercise 14-6 Cost classification LO C3 Georgia Pacific, a manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no cell blank if there is no effect select "NA - Not a product cost") Direct material, Direct labor, or Factory Overhead Period or Cost by Traceability Prime or Conversion Direct or Indirect Product ces 1. Factory utlities 2. Advertising 3. Amortization of patents on factory machine 4 State and federal income taxes 5. Office supplies used 6. Insurance on factory building 7. Wages to assembly workers Exercise 14-7 Balance sheet identification and preparation LO C4 Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company Company 1 Company 2 5,000 42,000 Account $7,000 Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 45,000 30,000 5e,000 75,000 900 62,000 1,500 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser (2) Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Req 2 Company 2 Req 2 Company 1 Req 1 Identify which set of numbers relates to the manufacturer and which to the merchandiser Req 2 Company 1 Req 2 Company 2 Req 1 Identify which set of numbers relates to the manufacturer and which to the mercha Which of these company is manufacturer Which of these company is a merchandiser Req 2 Company 1 FReg 1 Prepare the current asset section for company 1 from this informatio Company 1 Sunrise Foods Balance Sheet-Current Asset Section December 31, 2017 Total current assets Re
