Feeling stuck?

Ask us to find you a qualified specialist in your field

[SOLVED] Cost Classification

[SOLVED] Cost Classification.

You plan to open a business manufacturing collars, leashes, and harnesses for pets. To begin, you will manufacture these in a standard style and size with plans to expand your range over the year. In a few weeks, you will present your company’s financial strategy to some key investors. To begin creating your strategy, you need to consider and record all the costs associated with operating your business. You have decided to use the job order costing system.

Prompt

Use the given operational costs in the Milestone One Operational Costs Data Appendix document to complete the first two tabs, “Cost Classification” and “Variable and Fixed Costs,” in the Project Workbook.

Specifically, you must address the following rubric criteria:

  • Cost Classification. Accurately classify all your costs in the “Cost Classification” tab of your workbook.
    • Identify direct material, direct labor, overhead, and period costs. (Note: Fixed and variable costs have been classified for you.)
  • Variable and Fixed Costs. Complete the “Variable and Fixed Costs” tab of your workbook. (Note: Some costs are provided for you. Fill in only the missing costs.)
    • Determine your total variable cost per unit and the total fixed costs for each product. Show your work using calculations to the side of the table or using appropriate formulas in the table.

You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you have estimates for the various operating costs for your business.

The total square footage for the sewing rooms is 1,500 square feet broken into three areas (500 square feet each). You have taken out a loan for start-up costs, and the monthly payment is $550; it goes into effect immediately and should be accounted for in your costs. You will also collect a modest salary for the first year of $500 per month; remember to divide evenly among the services.

Salary and Hiring Data

  • One collar maker, who will be paid $16.00 per hour and work 40 hours per week
  • One leash maker, who will be paid $16.00 per hour and work 40 hours per week
  • One harness maker, who will be paid $17.00 per hour and work 40 hours per week
  • One receptionist, who will be paid $15.00 per hour and work 30 hours per week

Other Costs

  • Rent: $750 per month; allocate based on square footage
  • High-tensile strength nylon webbing—$12 per yard of webbing
    • 3 collars per yard of webbing
    • 2 leashes per yard of webbing
    • 2 harnesses per yard of webbing
  • Polyester/nylon ribbons—$9 per yard of ribbon
    • 3 collars per yard of ribbon
    • 2 leashes per yard of ribbon
    • 2 harnesses per yard of ribbon
  • Buckles made of cast hardware—$0.50 per buckle
    • 4 buckles used per collar
    • 3 buckles used per leash
    • 8 buckles used per harness
  • 3 industrial sewing machines at $3,300 each for a total of $9,900; depreciation is $165 per month (5-year life)
  • Utilities and insurance: $600 per month; allocate based on square footage
  • Scissors, thread, cording: $1,200
  • Price tags: $250 for 2,500 ($0.10 each)
  • Office supplies: $2,400 or $200 per month
  • Other business equipment: $2,000
  • Loan payment of $550 per month
  • Salary drawn of $500 per month

[SOLVED] Cost Classification

Get a Quick Quote

Approximately 250 words
Total price (USD) $: 10.99

Testimonials of our work

WRITING HELP

Discover what people say about our previously completed projects.

Our guarantees

Confidentiality guarantee

In order to protect your privacy, we follow the GDPR and our own privacy policy.
You are safe when you visit our website because of the cybersecurity software we use.

i

Free revisions

The person who works for us will fix your paper for free if you find any mistakes in it. If you want to make changes to your paper, you can ask for a revise to do so.

Money-back guarantee

In the event that our promises don’t match up with the results you get, you can ask for a refund and get a full or partial refund.

Discounts

You want a high-quality essay, but you also want to pay the least money for it. Students who go to college can get high-quality papers from our website for a price they can afford. Both new and long-time users get discounts.

k

Extra Features

We give you title and reference pages for free. Also, you won’t have to pay extra for formatting because the price is the same. At our essay writing service, you can even get free changes!

Z

Authenticity guarantee

Every paper we write is unique.
To make sure it’s unique, we check every assignment twice with our own plagiarism-detection software.

How it Works

1. Making an Order Tip and Tricks

  • Choose the type of assignment, topic, subject, length, and deadline for your paper.
  • Indicate the following order parameters: service, chosen writer level, number of cited sources, and citation style.
  • Add your document or provide instructions for paper in a specific form.
Image showing step 1 of making an order
Image showing how to make payment for your order

2. Tips and Tricks for Choosing the Right Writer

  • Log in using your email address or your Facebook account.
  • A list of suitable writers will be offered to you. Before making a selection, you can read testimonials or engage in a Live Chat with authors.
  • Check your balance and, if necessary, add funds to your account. Here you will also find exclusive bargains.
  • Put money into the account of the chosen writer.

3. Tips and Tricks for Supervising the Writing Process

  • Get the chance to keep track of the process and connect with your writer.
  • If required, include updated instructions.
  • Have a conversation with your author.
Image showing how to supervise writing process
Image showing how to download your completed results

4. Tips and Tricks to Enjoy the Results

  • You will receive the paper. You have the option of requesting modifications if they are required. Before giving it back to the writer, make a list of the adjustments that need to be made.
  • Accept the paper and send the money to the author.
  • Rate your writer, submit your request, then sit back and enjoy the results.

Feeling stuck?

Ask us to find you a qualified specialist in your field.

FAQ’S

If you buy papers from HomeworkHelpCenter.com, is it OK?

Yes. The use of online help is not banned by any college or university. You can’t do anything wrong by getting help with your essay or research paper from someone else. Working with writers and experts in your field online is like going to a college tutor for help with writing problems.

What do your writers write about?

WriteMyCollegeHomework.com experts can write papers in a wide range of subjects, no matter what kind of paper you need. We write custom assignments in math, programming, business management, nursing, psychology, English, and many other fields. Our team of academic writers is well-versed in both the exact sciences and the humanities.

When can you write my paper?

If the assignment is difficult, long, or has a deadline, it will take more or less time to write and finish. There are times when it takes more time to finish technical subjects. However, our writers and managers do their best to meet your deadlines, but they may not be able to. We can return a whole product in four hours and still keep its quality.

Who writes the college homework?

At our assignment writing service, we have both native and non-native English speaking writers who can help you with your homework. Before we add new people to our team, we make sure that they can speak English well and that we look into their education and writing history. We make sure that all of our writers know how to work with students and follow academic writing rules.

Can you promise that your writing will be good?

Checking for punctuation and grammar errors is done before your assignment is sent to you. We make sure it meets our high standards before you get your assignment from us! Rewriting your paper is free, and if you don’t like it after that, you can ask for a refund.