Research Assignment Identifying product costs at Snap-on Inc. Use the 2008 Form 10-K for Snap-on


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Research Assignment Identifying product costs at Snap-on Inc. Use the 2008 Form 10-K for Snap-on 1 answer below » Research Assignment Identifying product costs at Snap-on Inc. Use the 2008 Form 10-K for Snap-on Inc. to complete the requirements below. To obtain the Form 10-K you can use either use the EDGAR system following the instructions in Appendix A, or it can be found under “Corporate Information” on the company’s corporate website; www.snapon.com . Read carefully the following portions of the document: “Products and Services” on page 5. “Consolidated Statement of Earnings” on page 55. The following parts of Note 1 on page 60: “Shipping and handling” “Advertising View complete question » Research Assignment Identifying product costs at Snap-on Inc. Use the 2008 Form 10-K for Snap-on Inc. to complete the requirements below. To obtain the Form 10-K you can use either use the EDGAR system following the instructions in Appendix A, or it can be found under “Corporate Information” on the company’s corporate website; www.snapon.com . Read carefully the following portions of the document: “Products and Services” on page 5. “Consolidated Statement of Earnings” on page 55. The following parts of Note 1 on page 60: “Shipping and handling” “Advertising and promotion” “Note 4: Inventories” on page 66. “Note 5: Property and equipment” on page 67. Does the level of detail that Snap-on provides regarding costs incurred to manufacture its products suggests the company’s financial statements are designed primarily to meet the needs of external or internal users? Does Snap-on treat shipping and handling costs as product or period costs? Does Snap-on treat advertising and promotion costs as product or period costs? In the first accounting course you learned about a class of inventory called merchandise in- ventory. What categories of inventory does Snap-on report in its annual report? What is the cost of the land owned by Snap-on? What is the cost of its machinery and equipment? View less » Sep 01 2015 01:55 PM

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