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
