Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I'm having a hard time completing this assignment this week, I would truly appreciate any help! Thank you! Name: Date: Beth Beeson April 6, 2016
I'm having a hard time completing this assignment this week, I would truly appreciate any help! Thank you!
Name: Date: Beth Beeson April 6, 2016 Matching Referring to the items listed below, place the appropriate letter next to the corresponding description. a. b. c. d. e. f. Product Cost Period Cost Material Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold g. h. i. j. k. l. m. Cost of Goods Manufactured Cost to Manufacture Converstion Cost Administrative Costs Direct Labor Direct Materials Manufacturing Overhead n. o. p. q. r. s. Cost Driver Process Costing Job Costing Underapplied Overhead Overapplied Overhead Predetermined Overhead Rate 1. 2. 3. A cost that "attaches" to the product as the product moves through the operating cycle. The total cost of all resources put into production during the period, whether completed or not. The amount shown on the balance sheet that represents the cost incurred to produce goods that are not yet completed. 4. The cost of services of employees who work directly on the product. Completion and Exercises Fill in the blanks using the dropdown list. 1. Wages paid to inspectors, factory accountants, and plant supervisors are classified as __________ __________, while wages paid to painters, machine operators, and assemblers are classified as __________ __________. 2. __________ __________ are materials that are necessary for production but are not traced to the products being manufactured; these materials costs are classified as part of __________ __________. 3. A manufacturing company's costs can be classified broadly as __________, __________, and __________. The costs to manufacture a product are classified as __________ __________, __________ __________, and __________ __________Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started