The Darwin Company reports the following information: Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200 Factory utilities 1,200 Sales salaries expense 15,600 Office salaries expense 8,900 Indirect materials 1,200 Product costs are a.$24,500 b.$30,300 c.$35,000 d.$29,200 Which of the following are the two main types of cost accounting systems for manufacturing operations? a.process cost and general accounting systems b.job order and general accounting systems c.job order cost and process cost systems d.process cost and replacement cost systems
The Darwin Company reports the following information: Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200 Factory utilities 1,200 Sales salaries expense 15,600 Office salaries expense 8,900 Indirect materials 1,200 Product costs are a.$24,500 b.$30,300 c.$35,000 d.$29,200 Which of the following are the two main types of cost accounting systems for manufacturing operations? a.process cost and general accounting systems b.job order and general accounting systems c.job order cost and process cost systems d.process cost and replacement cost systems
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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The Darwin Company reports the following information:
Product costs are
Sales | $76,500 |
Direct materials used | 7,300 |
4,700 | |
Indirect labor | 5,900 |
Direct labor | 10,500 |
Factory rent | 4,200 |
Factory utilities | 1,200 |
Sales salaries expense | 15,600 |
Office salaries expense | 8,900 |
Indirect materials | 1,200 |
Product costs are
a.$24,500
b.$30,300
c.$35,000
d.$29,200
Which of the following are the two main types of cost accounting systems for manufacturing operations?
a.process cost and general accounting systems
b.job order and general accounting systems
c.job order cost and process cost systems
d.process cost and replacement cost systems
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