For each of the following costs incurred in a manufacturing operation, indicate whether the costs would be
Question:
For each of the following costs incurred in a manufacturing operation, indicate whether the costs would be fixed or variable (F or V) and whether they would be period costs or product costs (P or R, respectively) under full absorption costing.
a. Transportation-in costs on materials purchased.
b. Assembly-line workers' wages.
c. Property taxes on office buildings for administrative staff.
d. Salaries of top executives in the company.
e. Overtime pay for assembly workers.
/. Sales commissions.
For each of the following costs incurred in a manufacturing operation, indicate whether the costs would be fixed or variable (F or V) and whether they would be period costs or product costs (P or R, respectively) under full absorption costing.
a. Transportation-in costs on materials purchased.
b. Assembly-line workers' wages.
c. Property taxes on office buildings for administrative staff.
d. Salaries of top executives in the company.
e. Overtime pay for assembly workers.
/. Sales commissions.
Step by Step Answer: