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Problem #2- Matching- This problem is worth 5 points. List the letter from the choices below, next to each statement. You can choose a category
Problem #2- Matching- This problem is worth 5 points. List the letter from the choices below, next to each statement. You can choose a category more than once. 1) Labor costs of $50 to assemble a bicycle. The assembly cost is not necessary if the customer opts to assemble it themselves. 2) A company decides to self-construct new piece of equipment for use in their manufacturing plant. They spent $200,000 this year. If it's successful, they expect to use it over a 10 year period. 3) The manufacturing overhead costs for this period were $150,000. 4) Advertising costs of $12,000 are paid in advance for a for a 12 month period. 5) An error in last year's income tax return resulted in $25,000 of additional taxes, interest and penalties when the amended return was filed this year. Choices: A-Direct matching B-Systematic and rational allocation C- Immediate recognition. D- None of the above
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