Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Victory Shop is an assembler of custom computers made up of components purchased from different dealers. From the following selected costs, indicate whether it should

Victory Shop is an assembler of custom computers made up of components purchased from different dealers. From the following selected costs, indicate whether it should be classified as direct material, direct labor, factory overhead, marketing and selling, or administrative:

  1. Wages of the supervisor in the assembly department.
  2. Wages of the purchasing clerk.
  3. Wages of the truck driver in charge of transporting computers to wholesalers.
  4. Wages of the marketing personnel.
  5. Wages of the warehouse clerk in charge of the components.
  6. Wages of the company accountant.
  7. Depreciation of equipment used in testing assembled computers.
  8. Depreciation of computers used in the sales office.
  9. Cost of the hard drive installed in a computer.
  10. Depreciation of cars used by the salesman.
  11. Rent of resort used in holding the conference of the officers of the company.
  12. Box used for packaging the company product.
  13. Lubricants used for equipment maintenance in the quality control department.
  14. Hospitalization benefit of assemblers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen

3rd Edition

0073048836, 9780073048833

More Books

Students also viewed these Accounting questions

Question

Explain why a swap option can be regarded as a type of bond option.

Answered: 1 week ago

Question

identify the classifications of interventions;

Answered: 1 week ago