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5/11 Act 202

In:

Submitted By jqsimmons
Words 303
Pages 2
5/11 | F | 2 | 2-1 | 2 | E2-1, E2-2, E2-3, E2-4, E2-5, E2-6, E2-7 |
E2-1)
1. Directing & Motivating 2. Budgets 3. Planning 4. Timeliness-Precision 5. Managerial Accounting 6. Managerial accounting 7. Financial Accounting 8. Feedback 9. Controller 10. Performance report
E2-2
1. The cost of a hard-drive installed in a computer: direct materials cost.
2. The cost of advertising in the Puget Sound Computer User newspaper: marketing and selling cost.
3. The wages of employees who assemble computers from components: direct labor cost.
4. Sales commissions paid to the company’s salespeople: marketing and selling cost.
5. The wages of the assembly shop’s supervisor: manufacturing overhead cost.
6. The wages of the company’s accountant: administrative cost.
7. Depreciation on equipment used to test assembled computers before release to customers: manufacturing overhead cost.

E2-3 1. Period 2. Product 3. Product 4. Product 5. Period 6. Product 7. Period 8. Product 9. Product 10. Period 11. Period 12. Period 13. Period 14. Period 15. Product
E2-4

E2-5 Lompac Products | | Schedule of Cost of Goods Manufactured | Beginning Raw Material Inventory | 60,000 | Add: Purchase of Raw Material | 690,000 | Raw Material Available for Use | 750,000 | Deduct: Ending Raw Material Inventory | 45,000 | Raw Material Used In production | 705,000 | Direct Labor | 135,000 | Manufacturing Overhead | 370,000 | Total Manufacturing Costs | 1,210,000 | Add: Beginning Work in Process | 120,000 | Deduct: Ending Work in Process | 130,000 | Cost of Goods Manufactured | 1,200,000 |

E2-6

1. Variable
2. Fixed
3. Fixed
4. Variable
5. Fixed
6. Variable
7. Fixed
8. Variable

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