AC 420 Unit 2 Assignment NEW

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Kaplan AC 420 Unit 2 Assignment NEW
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2-30 Tamra Corp. makes one product line. In
February 2013, Tamra paid 530,000 in factory
overhead costs. Of that amount, 124,000 was for
January's factory
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utilities and 48,000 was for property taxes on
the factory for the year 2013. February's factory
utility bill arrived on March 12, 2013, and was
only 81,000 because the weather was
significantly milder than in January. Tamra
Corp. produced 50,000 units of product in both
January and February 2013, www.assigni2-37 Joe
Reynolds painted four houses during Apri2013. For
these jobs, he spent 2,400 on paint, 160 on
mineral spirits, and 300 on brushes. He also
bought two pairs of coveralls for 100 each he
wears coveralls only while he works. During the
first week of April, Reynolds placed a 200 ad
for his business in the classifieds. He hired an
assistant for one of the painting jobs the
assistant was paid 25 per hour
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and worked 50 hours. Being a very methodical
person, Reynolds kept detailed records of his
mileage to and from each painting job. The
average operating cost per mile for his van is
0.70. He found a 30 receipt in his van for a
metropolitan map that he purchased in April. He
uses the map as part of a contact file for
referral work and for bids that he has made on
potential jobs. He also had 30 in receipts fr
bridge tolls (2 per trip) for a painting job he
completed across the river. Near the end of
April, Reynolds decided to go camping, and he
turned down a job on which he had bid 6,000. He
called the homeowner long distance (at a cost of
2.20) to explain his reasons for declining the
job. Using the following headings, indicate how
to classify each of the April costs incurred by
Reynolds. Assume that the cost object is a
house-paint job.
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2-41
Mason Company's cost structure contains a number
of different cost behavior patterns. Following
are descriptions of several different costs
match these to the appropriate graphs. On each
graph, the vertical axis represents cost, and the
horizontal axis represents level of activity or
volume. Identify, by letter, the graph that
illustrates each of the following cost
behavior patterns. Each graph can be
more than once. A B C E F G H I J K L D. At
year-end 2013, Dub's Wind Generator Co. had a
40,000 debit balance in its Manufacturing
Overhead Control account. Overhead is applied to
products based on direct labor cost. Relevant
account balance information at year-end
follows Pete's Plant Stands manufactures wooden
stands used by plant nurseries. In May
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2013, the company manufactured 18,000 and sold
16,560 stands. The cost per unit for the 18,000
stands produced was as follows
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