Homework answers / question archive / Arizona State University ACC 241 1)When management analyzes whether to move production to another country or to keep the production located where it currently is, which of the following management responsibilities is being performed?   2

Arizona State University ACC 241 1)When management analyzes whether to move production to another country or to keep the production located where it currently is, which of the following management responsibilities is being performed?   2

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 Tuity Fruity Beverage Company’s operating activities for the year are listed below.

 

Purchases.............................. $140,000

Operating expenses............... $80,000

Beginning inventory............... $ 12,000

Ending inventory.................... $18,000

Sales revenue........................ $ 300,000

 

25. What is the cost of good sold for the year?

 

Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include:

 

Depreciation on sales office......................................... $9,000

Depreciation on factory equipment............................. $16,000

Factory supervisor salary............................................. $50,500

Sales commissions....................................................... $23,000

Lubricants used in factory equipment.......................... $3,000

Insurance costs for factory........................................... $21,000

Wages paid to maintenance workers........................... $115,000

Fabric used to upholster furniture................................ $10,000

Freight – in (on raw materials)...................................... $3,000

Costs of delivery to customers...................................... $9,000

Wages paid to assembly – line workers......................... $155,500

Lumber used to build product....................................... $82,000

Utilities in factory.......................................................... $54,500

Utilities in sales office.................................................... $26,500

 

26. Direct labor costs for Country Furniture Company totaled

 

27. Conversion costs for Country Furniture Company totaled

 

28. A salesperson’s salary would be classified as                            when determining the cost of a manufactured product.

 

29. Where would period costs be found on the financial statements?

 

30. For a merchandising company, the costs of shipping inventory to the retail outlet is associated with which element of the value chain?