Listed here are the total costs associated with the production of 1,000 drum sets manufactured by truebeat. the drum sets sell for $463 each. costs

1. plastic for casing—$16,000
2. wages of assembly workers—$89,000
3. property taxes on factory—$4,000
4. accounting staff salaries—$37,000
5. drum stands (1,000 stands purchased)—$29,000
6. rent cost of equipment for sales staff—$48,000
7. upper management salaries—$130,000
8. annual flat fee for factory maintenance service—$22,000
9. sales commissions—$12 per unit
10. machinery depreciation, straight-line—$38,000

required: 1. classify each cost and its amount as

(a) either variable or fixed and
(b) either product or period. (the first cost is completed as an example.)

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.