Part 1 Instructions: After reading, studying and analyzing chapter 15 of the book Financial & Managerial Accounting, available in the Cengage Digital Library database in the Virtual Library, (Links to an external site

Part 1

Instructions:

After reading, studying and analyzing chapter 15 of the book Financial & Managerial Accounting, available in the Cengage Digital Library database in the Virtual Library, (Links to an external site.) and other relevant resources (optional resources, videos and other indicated by the teacher), solve the following exercises found at the end of the chapter on page #769.

BE 15-2: Direct materials, direct labor and factory overhead 

BE 15-3: Prime and conversion costs 

BE 15-4: Product and period costs 

Part 2

Instructions:

Classification of costs and preparation of statements

Instructions

After reading, studying and analyzing chapter 15 of the book Financial & Managerial Accounting, available in the Cengage Digital Library database in the Virtual Library, (Links to an external site.) in the required resources at the beginning of the module, and others relevant resources (optional resources, videos and others indicated by the teacher), solve the following exercises found at the end of the chapter on pages (#774 -775) and #777.

PR 15-1A: Cost classification (26 pts)

Prepare the worksheet by classifying the type of cost in the format specified in the exercise.

PR 15-5A: Production cost statement and income statement of a manufacturing company (20pts; 10 pts each)

Prepare the cost of goods manufactured statement and the profit and loss statement.