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Which element in the value chain would contain inventoriable costs for a manufacturer? A

Which element in the value chain would contain inventoriable costs for a manufacturer? A

 Which element in the value chain would contain inventoriable costs for a manufacturer?

A) Research and development

B) Design

C) Production

D) Distribution

22) Uniquely Me Shoppe, a clothing retailer, had the following total costs as grouped by value chain element:

Research and development

$53,000

Design

$17,000

Purchases

$99,000

Marketing

$42,000

Distribution

$68,000

Customer service

$27,000

What were the company's inventoriable costs?

A) $99,000

B) $116,000

C) $17,000

D) $169,000

23) Uniquely Me Shoppe, a clothing retailer, had the following total costs as grouped by value chain element:

Research and development

$53,000

Design

$17,000

Purchases

$99,000

Marketing

$42,000

Distribution

$68,000

Customer service

$27,000

What were the company's period costs?

A) $306,000

B) $137,000

C) $110,000

D) $207,000

24) Comfy Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include:

Depreciation on sales office

$11,000

Depreciation on factory equipment

$16,000

Factory supervisor salary

$52,500

Sales commissions

$23,000

Lubricants used in factory equipment

$3,000

Insurance costs for factory

$21,000

Wages paid to maintenance workers

$115,000

Fabric used to upholster furniture

$7,000

Freight-in (on raw materials)

$2,500

Costs of delivery to customers

$9,000

Wages paid to assembly-line workers

$132,500

Lumber used to build product

$72,000

Utilities in factory

$44,000

Utilities in sales office

$26,500

 

Product costs for Comfy Furniture Company totaled:

A) $351,000.

B) $442,500.

C) $466,000.

D) $482,000.

25) Comfy Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include:

Depreciation on sales office

$11,000

Depreciation on factory equipment

$16,000

Factory supervisor salary

$52,500

Sales commissions

$23,000

Lubricants used in factory equipment

$3,000

Insurance costs for factory

$21,000

Wages paid to maintenance workers

$115,000

Fabric used to upholster furniture

$7,000

Freight-in (on raw materials)

$2,500

Costs of delivery to customers

$9,000

Wages paid to assembly-line workers

$132,500

Lumber used to build product

$72,000

Utilities in factory

$44,000

Utilities in sales office

$26,500

Period costs for Comfy Furniture Company totaled:

A) $43,000.

B) $46,500.

C) $69,500.

D) $121,000.

26) First Sporting Equipment manufactures sporting goods. Selected costs from the past year include:

Plastics used to make products

$151,000

Heating and lighting costs for factory

$73,000

Factory janitor wages

$67,000

Costs of shipping to customers

$11,000

Lubricants used in factory equipment

$2,000

Lighting costs for sales office

$17,000

Depreciation on factory equipment

$23,000

Office supplies for sales office

$4,000

Insurance costs for factory

$15,000

Maintenance worker wages

$99,000

Freight-in (on plastics)

$8,000

Aluminum used to make products

$175,000

Assembly-line worker wages

$142,000

Salaries of salespeople

$284,000

Product costs for First Sporting Equipment totaled:

A) $620,000.

B) $732,000.

C) $755,000.

D) $827,000.

27) First Sporting Equipment manufactures sporting goods. Selected costs from the past year include:

Plastics used to make products

$151,000

Heating and lighting costs for factory

$73,000

Factory janitor wages

$67,000

Costs of shipping to customers

$11,000

Lubricants used in factory equipment

$2,000

Lighting costs for sales office

$17,000

Depreciation on factory equipment

$23,000

Office supplies for sales office

$4,000

Insurance costs for factory

$15,000

Maintenance worker wages

$99,000

Freight-in (on plastics)

$8,000

Aluminum used to make products

$175,000

Assembly-line worker wages

$142,000

Salaries of salespeople

$284,000

Period costs for First Sporting Equipment totaled:

A) $116,000.

B) $99,000.

C) $201,000.

D) $32,000

Tripti 07-Dec-2019

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