asignación 1 Acct 1162
Asignación 1 acct. 1162
Pág.870 E19-3
a. Identify each of the costs as direct materials (DM), direct labor (DL), manufacturing overhead (MO), or period costs (PER).
Direct materials
Materials used in product.
Direct labor
Labor cost of assembly-line workers
Manufacturing overhead
Depreciation on plant, property taxes on plant, delivery expense, factory supplies used.
Period cost
Advertising expense
PER
Property taxes on store.
b. Explain the difference in accounting for product costs and period costs
Costos del producto se incorporan al valor de los productos fabricados, a través de cuentas de activo y se aplican a los resultados mediata y paulatinamente conforme se venden tales productos, situación que puede ocurrir en el periodo de fabricación y contabilización posterior al periodo durante el cual se incurrieron los costos del producto. Los costos del periodo son desembolsos hechos durante el mismo periodo de contabilización del ejercicio. No se adicionan al valor de los productos fabricados, sino que se cargan directamente a cuenta de resultados.
Pág. 872 E19-8
a. Compute cost of goods manufactured
Coldplay Corporation
Cost of goods manufactured schedule.
For the year ended December 31, 2010.
Beginning work in process inventory 12,000
Manufacturing Costs 229,000
Total cost work in process inventory 241,000
Less ending work in process inventory 15,500
Cost of goods manufactured $ 225,500
b. Compute the cost of goods sold
Finished goods inventory Jan 1st
60,000
Cost of goods manufactured
225,500
Cost of goods available for sale
285,500
Less: Finished goods inventory Dec 31
55,600
Cost of goods sold $ 229,900
Pág. 875 P19-1A
a. Prepare an answer sheet with the following column headers:
Product Costs Item
Direct Materials
Direct Labor
Manufacturing Overhead
Period Costs
Rent on factory equipment
7,000
Pág.870 E19-3
a. Identify each of the costs as direct materials (DM), direct labor (DL), manufacturing overhead (MO), or period costs (PER).
Direct materials
Materials used in product.
Direct labor
Labor cost of assembly-line workers
Manufacturing overhead
Depreciation on plant, property taxes on plant, delivery expense, factory supplies used.
Period cost
Advertising expense
PER
Property taxes on store.
b. Explain the difference in accounting for product costs and period costs
Costos del producto se incorporan al valor de los productos fabricados, a través de cuentas de activo y se aplican a los resultados mediata y paulatinamente conforme se venden tales productos, situación que puede ocurrir en el periodo de fabricación y contabilización posterior al periodo durante el cual se incurrieron los costos del producto. Los costos del periodo son desembolsos hechos durante el mismo periodo de contabilización del ejercicio. No se adicionan al valor de los productos fabricados, sino que se cargan directamente a cuenta de resultados.
Pág. 872 E19-8
a. Compute cost of goods manufactured
Coldplay Corporation
Cost of goods manufactured schedule.
For the year ended December 31, 2010.
Beginning work in process inventory 12,000
Manufacturing Costs 229,000
Total cost work in process inventory 241,000
Less ending work in process inventory 15,500
Cost of goods manufactured $ 225,500
b. Compute the cost of goods sold
Finished goods inventory Jan 1st
60,000
Cost of goods manufactured
225,500
Cost of goods available for sale
285,500
Less: Finished goods inventory Dec 31
55,600
Cost of goods sold $ 229,900
Pág. 875 P19-1A
a. Prepare an answer sheet with the following column headers:
Product Costs Item
Direct Materials
Direct Labor
Manufacturing Overhead
Period Costs
Rent on factory equipment
7,000