Name Chapter 18 691 EXERCISE 18-1 a. Controls for flight deck: b. Aircraft engines: c. Depreciation of welding equipment: d. Welding machinery lubricants: e. Salary of test pilot: f. Steel used in landing gear: g. Wages of assembly line worker: h. Tires: EXERCISE 18-2 a. Wages paid to Packaging Department employees: b. Maintenance supplies: c. Plant manager salary for the Morristown, Tennessee, toothpaste plant: d. Packaging materials: e. Depreciation on production machinery: f. Salary of process engineers: g. Depreciation on the Clarksville, Indiana, soap plant: h. Resins for soap and shampoo products: i. Scents and fragrances: j. Wages of production line employees: EXERCISE 18-3 a. Factory supplies used in the Morganton, North Carolina, engine parts plant: b. Amortization of patents on new assembly process: c. Steel plate: d. Vice president of finance s salary: e. Sales incentive fees to dealers: f. Depreciation on Peoria, Illinois, headquarters building: g. Interest expense on debt: h. Plant manager s salary at Aurora, Illinois, manufacturing plant: i. Consultant fees for a study of production line employee productivity: j. Property taxes on the Danville, Kentucky, tractor tread plant:
692 Name Chapter 18 EXERCISE 18-4 a. Travel costs of salespersons: b. Fabric used during production: c. Salaries of distribution center personnel: d. Factory janitorial supplies: e. Repairs and maintenance costs for sewing machines: f. Corporate controller s salary: g. Depreciation on office equipment: h. Advertising expenses: i. Utility costs for office building: j. Depreciation on sewing machines: k. Property taxes on factory building and equipment: l. Research and development costs: m. Sales commissions: n. Oil used to lubricate sewing machines: o. Factory supervisors salaries: p. Wages of sewing machine operators: q. Salary of production quality control supervisor: EXERCISE 18-5 a. e. b. f. c. g. d.
Name Chapter 18 693 EXERCISE 18-6 a. e. b. f. c. g. d. EXERCISE 18-7 a. Wages of switch and classification yard personnel: b. Cost to lease (rent) railroad cars: c. Depreciation of terminal facilities: d. Payroll clerk salaries: e. Salaries of dispatching and communications personnel: f. Safety training costs: g. Cost to lease (rent) train locomotives: h. Wages of train engineers: i. Cost of track and bed (ballast) replacement: j. Costs of accident cleanup: k. Fuel costs: l. Maintenance costs of right of way, bridges, and buildings:
694 Name Chapter 18 EXERCISE 18-8 1. 2. Manufacturing Costs
Name Chapter 18 695 EXERCISE 18-9 a. Income Statement b. Inventory balances on March 31, 20--: Materials: Work in Process: Finished Goods:
696 Name Chapter 18 EXERCISE 18-10 Balance Sheet EXERCISE 18-11
Name Chapter 18 697 EXERCISE 18-12 Work in process inventory, December 1 $ 2,000 $ 12,000 (e) Total manufacturing costs incurred during December 14,000 (c) 70,000 Total manufacturing costs (a) $140,000 $76,000 Work in process inventory, December 31 3,000 30,000 (f) Cost of goods manufactured (b) (d) $62,000 EXERCISE 18-13 EXERCISE 18-14 Finished goods inventory, November 1 $ 60,000 $ 20,000 (e) Cost of goods manufactured 300,000 (c) 260,000 Cost of finished goods available for sale (a) $190,000 $300,000 Finished goods inventory, November 30 70,000 30,000 (f) Cost of goods sold (b) (d) $275,000
698 Name Chapter 18 EXERCISE 18-15 a. Statement of Cost of Goods Manufactured b.
Name Chapter 18 699 EXERCISE 18-16 a c.
700 Name Chapter 18 EXERCISE 18-17 a e.
Name Chapter 18 701 PROBLEM 18-1 Product Costs Period Costs Cost Direct Materials Cost Direct Labor Cost Factory Overhead Cost Selling Expense Administrative Expense a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. q. r. s. t. u. v. w. x. y. z.
702 This Page Not Used.
Name Chapter 18 703 PROBLEM 18-2 Product Costs Period Costs Cost Direct Materials Cost Direct Labor Cost Factory Overhead Cost Selling Expense Administrative Expense a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. q. r. s. t. u. v. w. x.
704 This Page Not Used.
Name Chapter 18 705 PROBLEM 18-3 1. 2. Cost Direct Indirect a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. q. r. s. t. u. v. w.
706 This Page Not Used.
Name Chapter 18 707 PROBLEM 18-4 1. Company a. a. b. b. c. c. d. d. e. e. f. f. Company 2. Statement of Cost of Goods Manufactured
708 Name Chapter 18 PROBLEM 18-4 Concluded 3. Income Statement
Name Chapter 18 709 Problem 18-5 1. Statement of Cost of Goods Manufactured
710 Name Chapter 18 PROBLEM 18-5, Concluded 2. Income Statement