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Author Question: Lucas Manufacturing has three cost objects that it uses to accumulate costs for its manufacturing ... (Read 69 times)

big1devin

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on: Mar 6, 2021

Question 1

When faced with a potential ethical conflict, the managerial accountant should first consult IMA ethics counselor.
◦ true
◦ false

Question 2

Lucas Manufacturing has three cost objects that it uses to accumulate costs for its manufacturing plants. They are:

Cost object #1:The physical buildings and equipment
Cost object #2:The use of buildings and equipment
Cost object #3:The availability and use of manufacturing labor

The following manufacturing overhead cost categories are found in the accounting records:
a.Depreciation on buildings and equipment
b.Lubricants for machines
c.Property insurance
d.Supervisors salaries
e.Fringe benefits
f.Property taxes
g.Utilities

Required:
Assign each of the above costs to the most appropriate cost object.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by big1devin on Mar 6, 2021

mcni194

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Reply #1 on: Mar 6, 2021
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big1devin

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

diana chang

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Reply 3 on: Yesterday
:D TYSM

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