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Bombadeer, an auto manufacturer, incurred the following costs last month (in thousands of

Bombadeer, an auto manufacturer, incurred the following costs last month (in thousands of

 Bombadeer, an auto manufacturer, incurred the following costs last month (in thousands of dollars).

Interior assemblies

$540

Depreciation on administrative offices

280

Assembly workers' wages

     1,340

Plant utilities

290

Production supervisors' salaries

       150

Engine and body parts and assemblies

     2,500

Machine lubricants

     75

Property tax on corporate offices

       40

Cost of warranty repairs

     450

Factory janitors' wages

    90

Cost of designing new plant layout

       360

Machine operators health insurance

   130

Depreciation on forklifts

210

     TOTAL

$6,455

The total manufacturing overhead costs for Bombardeer are:

A) $655

B) $1,015

C) $525

D) $560

31) Bombadeer, an auto manufacturer, incurred the following costs last month (in thousands of dollars).

Interior assemblies

$540

Depreciation on administrative offices

280

Assembly workers' wages

     1,340

Plant utilities

290

Production supervisors' salaries

       150

Engine and body parts and assemblies

     2,500

Machine lubricants

     75

Property tax on corporate offices

       40

Cost of warranty repairs

     450

Factory janitors' wages

    90

Cost of designing new plant layout

       360

Machine operators health insurance

   130

Depreciation on forklifts

210

     TOTAL

$6,455

The total inventoriable product costs costs for Bombardeer are:

A) $3,840

B) $4,120

C) $5,195

D) $5,325

32) Bombadeer, an auto manufacturer, incurred the following costs last month (in thousands of dollars).

Interior assemblies

$540

Depreciation on administrative offices

280

Assembly workers' wages

     1,340

Plant utilities

290

Production supervisors' salaries

       150

Engine and body parts and assemblies

     2,500

Machine lubricants

     75

Property tax on corporate offices

       40

Cost of warranty repairs

     450

Factory janitors' wages

    90

Cost of designing new plant layout

       360

Machine operators health insurance

   130

Depreciation on forklifts

210

     TOTAL

$6,455

The total prime costs for Bombardeer are:

A) $4,380

B) $4,510

C) $4,455

D) $3,040

33) Bombadeer, an auto manufacturer, incurred the following costs last month (in thousands of dollars).

Interior assemblies

$540

Depreciation on administrative offices

280

Assembly workers' wages

     1,340

Plant utilities

290

Production supervisors' salaries

       150

Engine and body parts and assemblies

     2,500

Machine lubricants

     75

Property tax on corporate offices

       40

Cost of warranty repairs

     450

Factory janitors' wages

    90

Cost of designing new plant layout

       360

Machine operators health insurance

   130

Depreciation on forklifts

210

     TOTAL

$6,455

The total conversion costs for Bombardeer are:

A) $2,285

B) $2,155

C) $2,565

D) $1,470

34) Bombadeer, an auto manufacturer, incurred the following costs last month (in thousands of dollars).

Interior assemblies

$540

Depreciation on administrative offices

280

Assembly workers' wages

     1,340

Plant utilities

290

Production supervisors' salaries

       150

Engine and body parts and assemblies

     2,500

Machine lubricants

     75

Property tax on corporate offices

       40

Cost of warranty repairs

     450

Factory janitors' wages

    90

Cost of designing new plant layout

       360

Machine operators health insurance

   130

Depreciation on forklifts

210

     TOTAL

$6,455

The total period costs for Bombardeer are:

A) $1,260

B) $770

C) $1.130

D) $1,090

1) The income statements of manufacturing companies are much less complex than those of service or merchandising companies.

2) The financial statements of a merchandiser are more complex than those of a manufacturer.

3) Service companies have the simplest accounting with regard to the income statement.

4) Cost of goods sold is a major expense of service companies.

5) The schedule of cost of goods manufactured is prepared before the income statement for a manufacturing company.

Tripti 07-Dec-2019

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