Examlex

Solved

Ringle Company Is a Manufacturer of Compact Disks (CDs) \quad

question 74

Essay

Ringle Company is a manufacturer of compact disks (CDs).Place each of the following costs in the appropriate column.
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad  Product Cost \text { Product Cost }
 Period  Direct  Direct  Factory Cost Item  Cost  Materials  Labor  Overhead a. Factory maintenance salary, $40,000 b. Salary of factory supervisor, $70,000c. Salary of production worker, $42,000 d. Salary of the company’s president, $100,000 e. Television advertising, $25,000 f. Property tax on factory, $15,000 g. Sales commissions, $65,000 h. Depreciation on factory equipment, $17,000 i. Plastic used in the manufacture of the CDs $14000 \begin{array}{llr}&\text { Period } & \text { Direct } & \text { Direct } & \text { Factory } \\ \text {Cost Item } &\text { Cost } & \text { Materials } & \text { Labor } & \text { Overhead }\\ \text {a. Factory maintenance salary, \( \$ 40,000 \) } &\\ \text {b. Salary of factory supervisor, \( \$ 70,000 \)} &\\ \text {c. Salary of production worker, \( \$ 42,000 \) } &\\ \text {d. Salary of the company's president, \( \$ 100,000 \) } &\\ \text {e. Television advertising, \( \$ 25,000 \) } &\\ \text {f. Property tax on factory, \( \$ 15,000 \) } &\\ \text {g. Sales commissions, \( \$ 65,000 \) } &\\ \text {h. Depreciation on factory equipment, \( \$ 17,000 \) } &\\ \text {i. Plastic used in the manufacture of the CDs \( \$ 14000 \) } &\\\end{array}


Definitions:

Related Questions