Answered step by step
Verified Expert Solution
Question
1 Approved Answer
St 13. Match each of the following personnel with the description that hest represerves their role within most organizations.( Points) Responsible for all finance and
St 13. Match each of the following personnel with the description that hest represerves their role within most organizations.( Points) Responsible for all finance and accounting functions within the organization and typically reports to the chief executive officer Flected by the shareholders of the company C. Assists in preparing financial information, usually in accordance with GAAP, for those outside the company d Responsible for confirming that controls within the company are effective in ensuring accurate financial data, and serves as an independent link with the board of directors e. Assists in preparing tax reports for governmental agencies including the Internal Revenue f. Assists in preparing information used for decision making within the organization Oversees the managerial accountant, financial accountant, and tax accountant Responsible for obtaining financing for the organization, projecting cash flow needs, and managing cash and short-term investments 1 Treasurer 2. Financial accountant 3. Managerial accountant 4 Board of directors 5. Internal auditor 6. Chief financial officer 7. Controller S Tax accountant 23. The following table includes costs incurred by Bridgeport Manufacturing, (15 Points) Required: For each of the following costs: 1. classify the each cost item as either product or period costs, and 2. identify whether the costs should he categorized as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), selling (S), or general & administrative (GA), BRIDGEPORT MANUFACTURING COSTS a. supplies used by sales staff b. Assembly line worker hourly wages c. Fiberglass material for snowboards d. Factory supervisor salary e. Clerical support for marketing f Salaries for accounting personnel g. Advertising h. Cost of shipping finished goods to customers i Commissions for sales personnel j. Depreciation on company headquarters k. Depreciation on production equipment 1 Screws for furniture assembly
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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