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ACC 241 - Uses of Accounting Info II - Chapter 2 Terms in this set (151) Assume a grocery store manager wants to know the cost of running the Produce Department. Thus, the Produce Department is the cost object. Which of the following would be con€6,56
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ACC 241 - Uses of Accounting Info II - Chapter 2 Terms in this set (151) Assume a grocery store manager wants to know the cost of running the Produce Department. Thus, the Produce Department is the cost object. Which of the following would be con
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ACC 241 - Uses of Accounting Info II - Chapter 2
Terms in this set (151)
Assume a grocery store manager wants to know the cost of running the Produce Department. Thus, the Produce Department is the cost object. Which of the following would be considered direct costs of the
Produce ...
ACC 241 - Uses of Accounting Info II - Chapter 2
Jeremiah
Terms in this set (151)
Assume a grocery store manager wants to 2, 3, 5, 6, 8
know the cost of running the Produce
Department. Thus, the Produce Department
is the cost object. Which of the following
would be considered direct costs of the
Produce Department?
1. Wages of checkout clerks
2. Wages for workers in the Produce
Department
3. Depreciation on refrigerated produce
display cases
4. Cost of weekly advertisements in local
newspaper
5. Cost of bananas, lettuce, and other
produce
6. Baggies and twist ties available for
shoppers in the Produce Department
7. Monthly lease payment for grocery store
retail location
8. Cost of scales hanging in the Produce
Department
1/13
, 8/5/24, 7:26 AM
Which of the following costs are treated as Product costs: 3, 5, 8,
product costs by a merchandising company, Period costs: 1, 2, 4, 6, 7, 9
such as Walmart? Which costs are treated as
period costs?
1. Cost of leasing the retail locations
2. Cost of managers’ and sales associates’
salaries
3. Cost of merchandise purchased for resale
4. Cost of designing and operating the
company’s website
5. Cost of shipping merchandise to the store
6. Cost of providing free shipping to
customers who buy product online
7. Cost of utilities used in running the retail
locations
8. Cost of import duties paid on merchandise
purchased from overseas suppliers
9. Depreciation on store shelving and
shopping carts
Which value chain element is associated customer service
with:
Costs associated with warranties and
recalls?
Which value chain element is associated distribution
with:
Cost of shipping finished goods to overseas
customers?
Which value chain element is associated research and development
with:
Costs a pharmaceutical company incurs to
develop new drugs?
Which value chain element is associated marketing
with:
Cost of a 30-second commercial during the
SuperBowl™?
Which value chain element is associated design
with:
Cost of making a new product prototype?
Which value chain element is associated production
with:
Cost of assembly labor used in the plant?
2/13
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