Textbook Notes (367,893)
Canada (161,477)
Accounting (51)
ACCTG322 (11)
Chapter 2

Chapter 2.pdf

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Department
Accounting
Course
ACCTG322
Professor
Trish Stringer
Semester
Winter

Description
Page 1 of 7 uct To Units of Prod- eir costs are relatively insignificant. It vidual units of product and therefore they would usually be a product........... X X be considered indirect materials because th nt’s salary....................... X X assembassemble*..............X X tion equipment..................X who buike skis............................X.............X...X. X ke bricks..salary .........................................X..X...... workers of BehavItemDVireatbleIdirxetd3r.4.gtoctsitayilsaloeruws.u.y...o...pm...................X...........X........ ChapteP2–obllmtin-t6Recommended Questions 10.1A11u2o3v14or5ut*Thweseldsaeebalswirhithetmalerrolst.race their costs to indi with the n incorpo-n- itorial service X s to produce brooms or to stay (Selling and Opportunity Sunk period costs BUT they were alr jan X X X X X X X X X Labour Overhead AdminC .)ost Cost Cost porating the business (setting up the business as a X since they will be incurred erential cost. These fees are depending on whether Todd decide X X X X X XX X X X X d above are differential costs $1,500 a lawyer. These legal fees were for incor PerCiodst Product VarMifg.e FDiixect Direct Name of the Cost Cost Cost Materials the production building, on month ................................................. month ........................................................................................................................................................................................... Chapter 2r–obollmtins-t9oRecommended Questionsf $2,000 perRuisuocnr,Im5erist,orlpsesmgNotre:tedgalfeeao they are a sunk cost. Thus, the cost will not differ 18,000 6,000 20,000 $ 70,0005,000 4$264,000 90,000 $430,000 $520,000 2,000 4,000 Cost DireIcdirect0 100,000 $110,000 $276,000 2,000 6,000 70,000105,000 100,000 20,000 $110,000 $413,000 or Selling Cost Behaviour Administrative ...................................... 60,000 Cost Item s, factory.......................18,000 actory building...supplies ......................................... rvissions.................................... factory ....s ................................................... ing .................................................. ChapterP2–ob1.mtin-20oRecommended Questions used (wood, glass)....Total cost30,000.................................. Chapter 2 – Solutions to Recommended Questions Problem 2-20 (continued) 2. Only the product costs will be included in the cost of a bookcase. The cost pe
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