ACC 2203 Study Guide - Comprehensive Final Exam Guide - X86, Personal Area Network, Deutsche Mark

• School: Baruch College
• Department: Accountancy
• Course: ACC 2203
• Professor: Mehmet Ozbilgin

Document Summary

Indirect cost - is not traceable or difficult to trace back to the manufactured product or cost center. Manufacturing costs: costs related to producing and manufacturing a good. Non-manufacturing costs: costs related to preparing or bringing the finished good to the consumer. Note a finished good is the final completed product and will no longer incur manufacturing costs because it"s already manufactured. Exercises: marwick"s pianos, inc. , purchases pianos from a large manufacturer and sells them at the retail level. Traditional format: marwick"s pianos, inc income statement for the month of august. Cost of goods sold = ,486 x 61 pianos = = ( per month) + (. 04 x ) = Delivery of pianos = x 61 = Clerical ( per month) + ( x 61) = Total selling and administrative = ( + ) = Net operating income = ( - ) =