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Is depreciation on office equipment classified as a variable or fixed cost?
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Is depreciation on office equipment classified as a period cost or product cost?
period cost
What type of expense are office salaries depreciation of office equipment and office supplies?
Administrative expenses
The office equipment account is classified as?
The office equipment account is classified as an asset. Office equipment is an account that is amortized each year to show a devaluation for tax purposes.
What can go to Expense Account Choose ccounts payable interest revenue accounts receivable merchandise inventory accumulated depr - building mortgage payable accumulated depr - equipment office?
Accumulated Depreciation Building and Accumulated Depreciation Equipment office
Is office equipment an asset?
Yes, anything of value the company owns is an Asset. Office Equipment is generally classified as a Long-Term Asset or more commonly PP&E (Property, Plant, & Equipment).
Is depreciation on office equipment classified as a period cost or product cost?
period cost
What type of expense are office salaries depreciation of office equipment and office supplies?
Administrative expenses
The office equipment account is classified as?
The office equipment account is classified as an asset. Office equipment is an account that is amortized each year to show a devaluation for tax purposes.
What can go to Expense Account Choose ccounts payable interest revenue accounts receivable merchandise inventory accumulated depr - building mortgage payable accumulated depr - equipment office?
Accumulated Depreciation Building and Accumulated Depreciation Equipment office
Is depreciation of sales office equipment a selling expense?
The Sales Office is in charge of the selling of valuables of an entity. Thus, all expenses related to this office is debited to selling expenses. Furthermore, depreciation is a form of expense, and deserves a different account, but since it is related to the sales office, it is debited to selling expenses. Yes, it is a selling expense.
Is office equipment an asset?
Yes, anything of value the company owns is an Asset. Office Equipment is generally classified as a Long-Term Asset or more commonly PP&E (Property, Plant, & Equipment).
Depreciation a product cost?
In the US, the answer depends on what depreciable assets you are talking about.Depreciation on any depreciable asset that is directlyused in the production of goods is part of Manufacturing Overhead, and therefore is a product cost, which is included in the calculation of the value of both inventory and cost of goods sold. So, depreciation on a factory building and factory equipment directly used to manufacture a product are both product costs.Conversely, depreciation on equipment that is NOTdirectly used in production (e.g., depreciation on office computer equipment) is NOT a product cost.
Is depreciation on factory equipment a period cost?
It's a Product cost. Think Selling (Store) and Administrative(Office) cost for period cost. The machines are in the factory.
Cost classification and target profit Bart's Woodwork Company makes and sells wooden shelves Bart's carpenters make the shelves in the company's rented building Bart has a separate office at anot?
{| |- | 2-33 (a) Cost of goods sold: Carpenter labor to make shelves $ 600,000 Wood to make the shelves $ 450,000 Depreciation on carpentry equipment $ 50,000 Miscellaneous fixed manufacturing overhead (support) $ 150,000 Rent for the building where the shelves are made $ 300,000 Miscellaneous variable manufacturing overhead (support) $ 350,000 Total $1,900,000 Selling and Administrative Costs Sales staff salaries $ 80,000 Office and showroom rental expenses $ 150,000 Advertising $ 200,000 Sales commissions based on number of units sold $ 180,000 Depreciation for office equipment $ 10,000 Total $ 620,000 Sales $3,500,000 Cost of goods sold $1,900,000 Gross margin $1,600,000 Selling and administrative expenses $ 620,000 Net income before taxes, etc. $ 980,000 (b) The following items are variable costs: Carpenter labor to make shelves $ 600,000 Wood to make the shelves $ 450,000 Sales commissions based on number of units sold $ 180,000 Miscellaneous variable manufacturing overhead (support) $ 350,000 Total variable costs $1,580,000 The variable costs per unit are: Sales $ 3,500,000 Total variable costs $ 1,580,000 % of sales 45.1429% Unit sale price $ 70.00 Variable cost per unit $ 31.60 Unit contribution margin $ 38.40 The following items are fixed costs: Sales staff salaries $ 80,000 Office and showroom rental expenses $ 150,000 Depreciation on carpentry equipment $ 50,000 Advertising $ 200,000 Miscellaneous fixed manufacturing overhead (support) $ 150,000 Rent for the building where the shelves are made $ 300,000 Depreciation for office equipment $ 10,000 Total fixed costs $ 940,000 The number of units sold to earn a pre-tax profit of $500,000 is Unit contributin margin $ 38.40 Fixed costs $ 940,000 Pre-tax profit target $ 500,000 Breakeven 37,500 |}
What is kind of operating expense is depreciation selling expense or general administrative expense?
Examples of operating expense ==> depreciation expense of a machine, impairment of goodwill Example of selling expense ==> advertising Example of general administrative expense ==> office expense
What is the usage of office equipment?
the use of office equipment is to use in the office so like duuuuuuuuuuuh
Brown Office Supplies recently reported 18500 of sales 8250 of operating costs other than depreciation and 1750 of depreciation?
Incomplete question.
