The table below shows a list of costs for a company that produces custom, professional lacrosse sticks.1. For each item listed, state whether the cost should be classified as product cost or period cost.2. If the cost is a manufacturing cost, state whether it is DM, DL, or MO. otherwise select none.3. If the cost is a manufacturing overhead cost, state whether it is IDM, IDL, or another type of manufacturing overhead, otherwise select none.List of CostsProduct or Period Cost?DM, DL. or MOIDM, IDL, or Other?Carbon, fiberglass[Sclect)( SekctProductAdministrative building rent( Sckct[Sclect ](Scect |Accountant salary(Select[ Select)( SckctFactory building depreciation(Select)[ Sclect]( Scect)Strings for the pocket(Sekct[ Sclect)( Scect)Advertising(Select[Sclect)( Scect)Production supervisor salary(Seect)[ Sclect)(SelectPaint for sticks(Seect[ Sclect]( SckctResearch and development costs(Sclect)[Select)( Select)Wages of person who strings the sticks(Sckct |[ Sclect)( Select |Cutting machine depreciation(Select[Sclect)( SekctHuman resources salaries( Sckct[ Select)(Scect |Factory maintenance( Scect |[Sclect](Sclect)Production equipment rental( Sekct |[Sclect ]( SckctShowroom rental( Sclect|[Sclect)( Scect)> >> > > >>>

Product costs are those directly related to the production of a product or service intended for…

The table below shows a list of costs for a company that produces custom, professional lacrosse sticks. 1. For each item listed, state whether the cost should be classified as product cost or period cost. 2. If the cost is a manufacturing cost, state whether it is DM, DL, or MO. otherwise select none. 3. If the cost is a manufacturing overhead cost, state whether it is IDM, IDL, or another type of manufacturing overhead, otherwise select none. List of Costs Product or Period Cost? DM, DL. or MO IDM, IDL, or Other? Carbon, fiberglass [ Sciect] (Scect | Product Administrative building rent (Sckct [Sclect) ( Sclect) Accountant salary ( Sclect) [Sclect) ( Sclect) Factory building depreciation ( Sclect) [Sclect] ( Sclect) Strings for the pocket ( Sckct [Sclect] (Select >

The table below shows a list of costs for a company that produces custom, professional lacrosse sticks. 1. For each item listed, state whether the cost should be classified as product cost or period cost. 2. If the cost is a manufacturing cost, state whether it is DM, DL, or MO. otherwise select none. 3. If the cost is a manufacturing overhead cost, state whether it is IDM, IDL, or another type of manufacturing overhead, otherwise select none. List of Costs Product or Period Cost? DM, DL. or MO IDM, IDL, or Other? Carbon, fiberglass [ Sciect] (Scect | Product Administrative building rent (Sckct [Sclect) ( Sclect) Accountant salary ( Sclect) [Sclect) ( Sclect) Factory building depreciation ( Sclect) [Sclect] ( Sclect) Strings for the pocket ( Sckct [Sclect] (Select >

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2EA: Table 4.3 shows a list of expenses involved in the production of custom, professional lacrosse...

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Table 4.3 shows a list of expenses involved in the production of custom, professional lacrosse sticks. For each Item listed, state whether the cost should be applied to manufacturing or sales and administration. 1f the cost is a manufacturing cost, state whether It Is direct materials, direct labor, or manufacturing overhead. If the cost is a manufacturing overhead cost, state whether it is indirect materials, indirect labor, or another type of manufacturing overhead.
1. The table below shows a list of costs for a company that produces custom, professional lacrosse sticks. For each item listed, state whether the cost should be classified as product cost or period cost. If the cost is a manufacturing cost, state whether it is DM, DL, or MO, otherwise select none. If the cost is a manufacturing overhead cost, state whether it is IDM, IDL, or another type of manufacturing overhead, otherwise select none. List of Costs Product or Period Cost? DM, DL, or MO IDM, IDL, or Other? Carbon, fiberglass ["", ""] ["", "", "", ""] ["", "", "", ""] Administrative building rent ["", ""] ["", "", "", ""] ["", "", "", ""] Accountant salary ["", ""] ["", "", "", ""] ["", "", "", ""] Factory building depreciation ["", ""] ["", "", "", ""] ["", "", "", ""] Strings for the pocket ["", ""] ["", "", "", ""] ["", "", "", ""] Advertising ["", ""]…
A list of expenses involved in the production of custom, professional lacrosse sticks are shown. For each item listed, state whether the cost should be applied to manufacturing or sales and administration. If the cost is a manufacturing cost, state whether it is direct materials, direct labor, or manufacturing overhead. If the cost is a manufacturing overhead cost, state whether it is indirect materials, indirect labor, or another type of manufacturing overhead. If an item is not applicable, select "NA". Lacrosse StickProduction Costs Manufacturingor Sales andAdministration Cost? If Manufacturing:Direct Materials,Direct Labor, Overhead or Other? If Overhead:Indirect Materials,Indirect Labor, or Other? Carbon, fiberglass Administrative building rent Accountant salary Factory building depreciation Strings for the pocket Advertising Production supervisor salary Paint for sticks…
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