{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T02:41:38-04:00", "answer_date": "2024-06-29 02:41:38", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4451293", "url": "\/study-help\/questions\/the-outdoor-dining-company-specializes-in-producing-a-set-of-4451293", "question_creation_date_js": "2024-06-29T02:41:38-04:00", "question_creation_date": "Jun 29, 2024 02:41 AM", "meta_title": "[Solved] The Outdoor Dining Company specializes in | SolutionInn", "meta_description": "Answer of - The Outdoor Dining Company specializes in producing a set of wood patio furniture consisting ofa table and four chairs | SolutionInn", "meta_keywords": "outdoor,dining,company,specializes,producing,set,wood,patio,furniture,consisting,ofa,table", "question_title_h1": "The Outdoor Dining Company specializes in producing a set of wood patio furniture consisting ofa table and four chairs. The set enjoys great popularity, and", "question_title": "The Outdoor Dining Company specializes in producing a set of wood patio", "question_title_for_js_snippet": "The Outdoor Dining Company specializes in producing a set of wood patio furniture consisting ofa table and four chairs The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 2000 sets per year Annual cost data at full capacity follow Direct labour $180,266 Advertising 5 3 ,366 Factory supervision 5 46,966 Property taxes, factory building 5 6,966 Sales commissions 5 54,366 Insurance, factory $ 2,966 Depreciation, administrative office equipment 5 3,266 Lease cost, factory equipment 5 13,966 Indirect materials J factory $ 2,766 Depreciation, factory 5 22,466 Administrative office supplies 5 1,966 Direct materials used (wood, bolts, etc ) 5 52,266 Utilities, factory 5 25,766 I Required 1 Enter the dollar amount of each cost item under the appropriate headings Note that each cost item is classified in two ways first, as either variable or fixed with respect to the number of units produced and sold, and second, as either a selling and administrative cost or a product cost (If the item is a product cost, it should also be classified as either direct or indirect ) Cost Behavior Selling and Product Cost Administrative Cost Item Variable Fixed Cost Direct Indirect Direct labour Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory Administrative office supplies Direct materials used (wood, bolts, etc ) Utilities, factory Total costs2 Compute the average product cost per patio set Round your answer to 2 decimal places ) 3 Due to reduced demand, assume that production drops to on y1,000 sets per year Would you expect the average product cost per patio set to increase, decrease, or remain unchanged 0 Increase O Decrease O Remain unchanged 4 This part ofthe question is not part of your Connect assignment", "question_description": "
\"image\"image\"image<\/div><\/div><\/div><\/figure> The Outdoor Dining Company specializes in producing a set of wood patio furniture consisting ofa table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 2000 sets per year. Annual cost data at full capacity follow: Direct labour $180,266 Advertising 5 3?,366 Factory supervision 5 46,966 Property taxes, factory building 5 6,966 Sales commissions 5 54,366 Insurance, factory $ 2,966 Depreciation, administrative office equipment 5 3,266 Lease cost, factory equipment 5 13,966 Indirect materials.J factory $ 2,766 Depreciation, factory 5 22,466 Administrative office supplies 5 1,966 Direct materials used (wood, bolts, etc.) 5 52,266 Utilities, factory 5 25,766 I Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as either variable or fixed with respect to the number of units produced and sold, and second, as either a selling and administrative cost or a product cost. (If the item is a product cost, it should also be classified as either direct or indirect.) Cost Behavior Selling and Product Cost Administrative Cost Item Variable Fixed Cost Direct Indirect Direct labour Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory Administrative office supplies Direct materials used (wood, bolts, etc.) Utilities, factory Total costs2 Compute the average product cost per patio set. {Round your answer to 2 decimal places.) 3. Due to reduced demand, assume that production drops to on|y1,000 sets per year. Would you expect the average product cost per patio set to increase, decrease, or remain unchanged? 0 Increase O Decrease O Remain unchanged 4. This part ofthe question is not part of your Connect assignment", "transcribed_text": "", "related_book": { "title": "Accounting Principles", "isbn": "1119491630, 978-1119491637, 978-0470534793", "edition": "10th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/54.jpg", "uri": "\/textbooks\/accounting-principles-10th-edition-54", "see_more_uri": "" }, "free_related_book": { "isbn": "0143039822", "uri": "\/textbooks\/relativity-the-special-and-the-general-theory-1st-edition-9780143039822-9781440627125", "name": "Relativity The Special And The General Theory", "edition": "1st Edition" }, "question_posted": "2024-06-29 02:41:38", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/two-rays-of-light-from-the-same-source-destructively-interfere", "description": "For diffraction by a single slit, what is the effect of increasing? 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