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Abbey Company specializes in the production of plastic containers for tomato ketchup and other fruit juices. The products enjoy great popularity, and the company has

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Abbey Company specializes in the production of plastic containers for tomato ketchup and other fruit juices. The products enjoy great popularity, and the company has ample orders to keep production going at full capacity every month. Required: . 1 Product Cost Item Variable Fixed Period Inventoriable) Cost Cost Direct Indirect Salary of factory janitors' X supervisor Rental cost, factory equipment 2 Sales commissions 3 General office salaries 4 Hourly factory labor 5 Electricity for production machines 6 Factory supervision 7 Depreciation, factory building 8 Materials used (plastics, foil) 9 Depreciation, head office equipment 10 Insurance, factory Complete the following schedule. Enter each cost item on the schedule, placing an X under the appropriate headings. Each cost item must be classified as being (a) variable or fixed; and (b) being either a period cost or a product (inventoriable) cost. (If the item is a product (inventoriable) cost, it should be classified as either direct or indirect as shown in example i below. Two checks - (Xs) on each row. 894

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