Answered step by step
Verified Expert Solution
Question
1 Approved Answer
B C COST CLASSIFICATION Instructions: for each cost listed below, indicate its cost classification. Label each cost as DIRECT MATERIAL, DIRECT LABOR, FACTORY OVERHEAD or
B C COST CLASSIFICATION Instructions: for each cost listed below, indicate its cost classification. Label each cost as DIRECT MATERIAL, DIRECT LABOR, FACTORY OVERHEAD or PERIOD COST Tony's T-Shirts manufactures T-Shirts for tourists who visit Seattle. How would you classify each cost below? 1 Cost of cotton fabric that goes into the T-shirts. 2 Cost of depreciation on the factory sewing machines. Choose Cost Classification: Choose Cost Classification: 3 Cost of advertising radio advertising for Tony's T-Shirt Store. Choose Cost Classification: 4 Factory supervisor's salary. 5 Depreciation on the salesman's car. Choose Cost Classification: Choose Cost Classification: 6 Salary cost of security officer who patrols the factory at night. Choose Cost Classification: 7 Cost of paint used to decorate the t-shirts. Choose Cost Classification: 8 Wages of sewing machine operators who construct the t-shirts. Choose Cost Classification: Choose Cost Classification: Choose Cost Classification: 9 The wages of the high-school student who sweeps the factory. 10 Depreciation on the company president's limousine. 11 Property taxes on the factory building. 12 Depreciation on the factory supervisor's computer. 13 Cost of electricity used to operate the sewing machines in the factory. 14 Cost of t-shirt size tag, considered an indirect material. 15 Cost of heating and lighting in the factory. Choose Cost Classification: Choose Cost Classification: Choose Cost Classification: Choose Cost Classification: Choose Cost Classification: D
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started