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Cost Accounting

Please show work with explanation.

Variable Cost Fixed Cost Direct Materials Direct Labor Manufacturing Overhead Period Cost Opportunity Cost Sunk Cost
Rental revenue -
Materials costs
Production supervisor salary
Production line workers wages
Equipment rental
Building depreciation
Marketing costs
Shipping costs
Return on present investments -

Larder Corporation - cost of goods manufactured, cost of goods sold and income statement


Solution Preview

Variable Cost Fixed Cost Direct Materials Direct Labor Manufact-uring Overhead Period Cost Oppor-tunity Cost Sunk Cost
Rental revenue X
Materials costs X X
Production supervisor salary X X
Production line workers wages X X
Equipment rental X X
Building depreciation X X
Marketing costs X X
Shipping costs X X
Return on present investments X


a. Prepare a Schedule of Cost of Goods Manufactured in good form.
Cost ...

Solution Summary

The solution has various questions in cost accounting - cost classifications, preparation of cost of goods manufactured schedule, cost of goods sold, income statement and some multiple choice questions