ACCT-UB 1 Chapter Notes - Chapter 9: Ofu-Olosega

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greenzebra98

13 Feb 2019

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Related Questions

(a) Depreciation on factory equipment.

(b) Depreciation on office equipment.

(d) Advertising manager's salary.

(e) Assembly foreman's salary.

(f) Salespersons' salaries.

(g) Salespersons' travel expenses.

(h) Supplies for the Machining Department.

(i) Advertising supplies used.

(j) Electricity for the Assembly Department.

(k) Lost materials (scrap) in a Machining Department.

(l) Direct labor in the Assembly Department.

(m) Supplies for the sales office.

(n) Sales commissions.

(o) Packing supplies.

(p) Cost of hiring new employees.

(q) Payroll fringe benefits for workers in the ShippingDepartment.

(r) Supplies for Production Scheduling.

(s) Cost of repairing parts improperly manufactured in theMachining Department.

(t) Paint for the Assembly Department.

(u) Heat, light, and power for the factory.

(v) Leasing of computer equipment for the AccountingDepartment.

Specify an appropriate cost driver for tracing costs associatedwith the various levels of activities to the next cost objective orproducts, whichever is appropriate

greenllama503

Rock Slide is a distributor that assembles power units. Using the material presented in Schedules A and Schedule B:

(1) Determine Rock Slideâs cost of goods sold and the ending inventory using the inventory costing methods of FIFO, LIFO, and Weighted Averages;

(2) Determine Rock Slideâs gross profit (margin) using the inventory costing methods of

FIFO, LIFO and Weighted Averages;

S c h e d u l e A A s s e m b l y o f P o w e r U n i t s Rock Slide

Assembly Activity	Units	Cost/Unit	Total Cost
Beginning Inventory 1/1/12	70	$105	$7,350
Assembly Units Placed Into Inventory
2/15/12	85	$110	$9,350
4/20/12	90	$112	$10,080
9/18/12	65	$112	$7,280
11/16/12	110	$112	$12,320
12/20/12	80	$120	$9,600
Total Assembled Units Available for Sale- 2012	500		$55,980

Schedule B

Sales of Power Units Rock Slide

Sales Activity	Units	Unit Sales Price	Total Sales
1/15/12	60	$145	$8,700
3/20/12	80	$150	$12,000
5/2/12	100	$150	$15,000
10/8/12	60	$150	$9,000
11/30/12	110	$150	$16,500
12/28/12	30	$175	$5,250
Total 2012 Sales	440		$66,450

rubypig230

CASE 5A -- GLASERHEALTH PRODUCTS:

Glaser Health Products of Ranier Falls,Georgia, is organized functionally into three divisions:Operations, Sales, and Administrative. Purchasing, receiving,materials and production control, manufacturing, factory personnel,inventory stores, and shipping activities are under the control ofthe vice-president for operations, George Gottlieb. Advertising,market research, and sales are the responsibility of thevice-president for sales, Jake Bogan. Accounting, budgeting, thefirm's computer center, and general office management are delegatedto the corporate controller (Administrative), Charlie Kaplan. Thefollowing cost categories are found in the company as a whole: (a)Depreciation on factory equipment. (b) Depreciation on officeequipment. (c) Depreciation on factory building. (d) Advertisingmanager's salary. (e) Assembly foreman's salary. (f) Salespersons'salaries. (g) Salespersons' travel expenses. (h) Supplies for theMachining Department. (i) Advertising supplies used. (j)Electricity for the Assembly Department. (k) Lost materials (scrap)in a Machining Department. (l) Directlabor in the Assembly Department. (m) Supplies for the salesoffice. (n) Sales commissions. (o) Packing supplies. (p) Cost ofhiring new employees. (q) Payroll fringe benefits for workers inthe Shipping Department. (r) Supplies for Production Scheduling.(s) Cost of repairing parts improperly manufactured in theMachining Department. (t) Paint for the Assembly Department. (u)Heat, light, and power for the factory. (v) Leasing of computerequipment for the Accounting Department. <?xml:namespace prefix= o ns = "urn:schemas-microsoft-com:office:office" />

Question: Identify each of the costswith the appropriate division: Operations, Sales, andAdministrative & Identify each of the costs with one of thefollowing: (a) Unit-level activities. (b) Product-level activities.(C) Batch-level activities. (d) Facility-level activities. Create achart to classify.

goldraven721

ACCT-UB 1 Chapter Notes - Chapter 9: Ofu-Olosega

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