managerial accounting

/in /by

In today’s fast-paced academic environment, students often find themselves juggling multiple responsibilities, from attending classes and working part-time jobs to participating in extracurricular activities. The demands of modern education can be overwhelming, leaving students in search of effective solutions to manage their academic workload efficiently. One such solution is the use of Nursingpapertutors.com academic writing website. Nursingpapertutors.com academic writing website employ a cadre of experienced and knowledgeable writers who are well-versed in various academic subjects and writing styles. Nursingpapertutors.com professionals bring a wealth of expertise to the table, enabling them to produce well-researched and well-structured papers that meet the academic standards and expectations of students. Their familiarity with diverse subjects ensures that students can receive assistance across a wide spectrum of disciplines, from mathematics to literature, and from nursing to engineering.

 

Felix’s Fine Jewelry produces fine jewelry for department stores. The following costs incurred by the company may be classified as direct materials, direct labor, manufacturing overhead, or period costs.

a.

Wages paid to Jewelry workers

$ 1,200,000

b.

Utilities in the administrative area

      300,000

c.

Depreciation on chain linking machinery utilized in the plant

      200,000

d.

Silver, gold, and gemstones used in producing necklaces

  4,000,000

e.

Company attorney’s salary

      150,000

f.

Lease rental charge on forklift for material and finished goods handling

        10,000

g.

Telephone expense for customer service office

        20,000

h.

Wages of plant heating and cooling technicians

      100,000 

i.

Utilities for the assembly area of the plant

      250,000

j.

Maintenance on computers utilized in the administrative assistant’s office

          1,500

k.

Salary paid to the CEO

      200,000

l.

Fine paid for introducing cyanide into the local water supply

   1,000,000

m.

Signature red jewelry boxes used for packaging

        50,000

n.

Expedited freight of product to major customer

        50,000

Instructions:

Classify the costs and total by classification. Assume Felix’s Fine Jewelry’s revenue for the period was $8,000,000 and there is no change in ending inventory. Prepare an operating income statement that shows the deductions of expense in terms of total classification by category: direct materials, direct labor, manufacturing overhead, or period costs.

Provide your answers in clearly organized Excel spreadsheet. Refer to your text to aid you in this assignment.

 

Check spelling and formatting for readability. All responses must comply with the CSU-Global Guide to Writing and APA Requirements. Be sure to review the Module 1 Critical Thinking grading rubric, which may be accessed through the Course Information page.

 

One of the significant challenges students face is time management. The demands of coursework, assignments, and exams can create immense pressure, leading to stress and a potential drop in academic performance. Nursingpapertutors.com academic writing website can be a valuable resource for students seeking to balance their responsibilities effectively. By outsourcing some of their academic tasks, students can free up time to focus on studying, participating in meaningful extracurricular activities, or even addressing personal obligations. This improved time management can alleviate the stress associated with academic overload. The ultimate goal of education is to enhance one’s knowledge and skills. Nursingpapertutors.com academic writing websites can play a vital role in achieving this goal by providing students with well-crafted papers that serve as models for their own work. These papers can offer valuable insights into effective research, organization, and writing, thereby empowering students to improve their academic performance over time.

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.