Classify each cost by placing an X in the appropriate columns. The first cost is completed as an example.

Use the following information for Short Exercises S21- 2 and S21- 3.

Maynard Company reports the following information for June:

Sales Revenue...................................................... $ 726,000

Variable Cost of Goods Sold ..............................    225,000

Fixed Cost of Goods Sold ...................................    175,000

Variable Selling and Administrative Costs .......    150,000

Fixed Selling and Administrative Costs............       63,000

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Variable Costing Absorption Costing Product Cost Period Cost Product Cost Period Cost a. Direct materials b. Direct labor c. Variable manufacturing overhead d. Fixed manufacturing overhead e. Variable selling and administrative costs f. Fixed selling and administrative costs