Problem #1

Classifying costs as materials, labor, or factory overheadCost of goods sold, profit margin, and net income for a manufacturing company Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct labor cost, or factory overhead cost: a. Depreciation of robotic assembly line equipment b. V8 automobile engine (3. Steering wheel d. Wheels e. Painting safety masks for employees working in the paint room f. Salary of test driver g. Glass used in the vehicle's windshield h. Wages of assembly line worker The following information is available for Crouching Alligator Manufacturing D Company for the month ending October 31, 2016: SHOW ME HOW Cost of goods manufactured $450,000 Selling expenses 144,500 Administrative expenses 75,900 Sales 911,250 Finished goods inventory, July 1 101,250 Finished goods inventory, July 31 93,800 For the month ended October 31, 2016, determine Crouching Alligator's (a) cost of goods sold, (b) gross profit, and (c) net income.Objectives of the master budget Domino's Pizza L.L.C. operates pizza delivery and carryout restaurants. The El annual report describes its business as follows: We offer a focused menu of highquality, valuepriced pizza with three types of crust (Hand Tossed, Thin Crust, and Deep Dish}, along with bualo wings, bread sticks, cheesy bread, CinnaStix', and CocaCola. products. Our handtossed pizza is made from fresh dough produced in our regional distribution centers. We prepare every pizza using real cheese, pizza sauce made from fresh tomatoes, and a choice of highquality meat and vegetable toppings in generous portions. Our focused menu and use of premium ingredients enable us to consistently and efficientlyI produce the highestquality pizza. Over the 41 years since our founding, we have developed a simple, costejj'icient model. We oer a limited menu, our stores are designed for delivery and carryout, and we do not generally offer dinein service. As a result, our stores require relatively small, lowerrent locations and limited capital expenditures. = How would a master budget support planning, directing, and control for Domino's