Production Cost and Wages

Related BrainMass Solutions

• Is it a Variable or a Fixed Cost?

  Variable cost, direct and uncontrollable cost. 4.Order processing clerk's wages. Fixed cost, indirect and Controllable cost. 5.Advertising expenses. Semi Fixed cost, indirect and controllable cost. 6.Production worker's wages.

• Applying Cost Classifications

  Production worker's wages.

• Cost Classification for Raw Materials

  Plant janitor's wages. Order processing clerk's wages. Advertising expenses. Production worker's wages. Production supervisor's salaries. Sales force commissions. Maintenance supplies used. President's salary.

• Activity-Based Costing (AB)

  Packing labor wages b. Materials-handling labor wages c. Part administrators' salaries d. Plant management salaries e. Production scheduling staff salaries f. Cost of serving production equipment, based on hours used g.

• Charles Company balance sheet; Elliot Company overhead rate

  if Raw material is $6500 and Direct labor $6600: Direct material $6,500 Direct wages $6,600 Production Overhead( 6500X150%) $9,750 Cost of production for current year $22,850 Absorbed overhead on the basis of predtermined

• Budgeting: Classify costs as variable, fixed, mixed; Define

  materials Staples used to secure packed boxes of product Plant janitors' wages Order processing clerk's wages Advertising expenses Production workers' wages Production supervisors' salaries Salesforce

• Classify costs associated with operation of a factory

  List each numbered item with either a 'V' for variable or 'F' for fixed AND either a 'D' for direct cost or 'I' for indirect cost so for example: 1. VD, 2. FI, etc. 1. Electricity to run production equipment. 2. Rent on a factory building. 3.

• Cost Classification: variable vs. fixed

  Costs Product Period Variable Fixed Direct Indirect Raw materials Staples used to secure packed boxes of product Plant janitors' wages Order processing clerks' wages Advertising expenses Production workers' wages

• Describing Cost Behavior & Cost Drivers

  For the labor wages and depreciation of plant and machinery examples of production costs given in the Example 1, describe their cost behavior in relation to the cost driver listed.

• Cost Classifications

  Wages of the employee who repairs the firm's sewing machines. ____ 5. Cost of electricity used in the sewing department. ____ 6. Wages of T-shirt designers and painters. ____ 7.