Concept- Tesla: Classifying Each Cost
Managerial Accounting
Wild and Shaw
07th Edition
Tesla, incurs the following costs. Classify cost as either a product or a period cost.
Tesla, incurs the following costs. Classify cost as either a product or a period cost.
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns. Identify each of TechPro’s costs below as variable or fixed and direct or indirect. Identify each of TechPro’s costs below as (a) variable or fixed and (b) direct or indirect by selecting the appropriate dropdowns. Assume the cost object is an individual class.
Complete cost of goods manufactured, cost of goods sold, income statement, current assets, prime and conversion costs.
Your numbers will vary.
Compute the number of equivalent units
Your numbers will vary.
Determine the predetermined OH rate, OH cost and direct labor.
Compute the overhead cost per unit for each product line, total manufacturing cost and profit per unit.
Your numbers will vary.