B C D E Cost Classifications: Manufacturing / Account Amount Product / Period Nonmanufacturing Fixed / Variable Equipment depreciation: Molding 400,000 Product MOH Fixed Equipment depreciation: Fabrication 300,000 Product MOH Fixed Equipment depreciation: Assembly 50,000 Product MOH Fixed Equipment depreciation: Materials Handling 15,000 Product MOH Fixed Equipment depreciation: Other 10,000 Product MOH Fixed Production suprvision: Molding 60,000 Product MOH Fixed Production supervision: Fabrication 65,000 Product MOH Fixed 58,000 Product MOH Fixed 10 Production supervision: Assembly 11 Indirect labor: Maintenance & Repairs 72,000 Product MOH Fixed 12 Indirect labor: Materials Handling 68,000 Product MOH Fixed 170,000 Product MOH ixed 13 Indirect labor: Engineering 14 Indirect labor: Raw Materials Purchasing 93,000 Product MOH ixed Indirect labor: Quality Control 38,000 Product MOH ixed 15 16 Indirect labor: Packaging & Shipping 99,000 Product MOH Fixed 17 Indirect materials: Molding 18,000 Product MOH Variable 18 Indirect materials: Fabrication 13,000 Product MOH Variable 19 Indirect materials: Assembly 8,000 Product MOH Variable 24,000 Product MOH Variable 20 Utilities: Molding 21 Utilities: Fabrication 20,000 Product MOH Variable 22 Utilities: Assembly 6,000 Product MOH Variable 23 Utilties: Plant lighting and other equipment 12,000 Product MOH Fixed Product MOH Fixed 24 Utilities: Heating and cooling 24,000 25 Property insurance 26,000 Product MOH Fixed Fixed 26 Liability insurance 18,000 Product MOH 45,000 Product MOH Fixed 27 Medical insurance Fixed 28 Workers' compensation insurance 13,000 Product MOH 29 Other salaries: Plant manager 165,000 Produc MOH Fixed 30 Other salaries: Accounting 89,000 Product MOH Fixed 31 Other salaries: Administrative support 56,000 Product MOH Fixed ixed 32 Other salaries: Janitorial 18,000 Product MOH 33 Other salaries: Security and grounds maintenance 44,000 Product MOH Fixed Fixed 34 Property taxes 18,000 Product MOH 35 Payroll taxes: Direct labor 79,000 Product MOH Variable 36 Payroll taxes: Other 165,000 Product MOH Fixed 2,220,000 Product Variable 37 Direct materials Direct materials 1,365,000 Product Direct labor Variable 38 Direct labor 39 Accounting manager's salary 88,000 Period Administrative Fixed Period Administrative Fixed 40 Administrative office insurance 2,000 41 Advertising 400,000 Period Selling Fixed 42 Depreciation on office equipment 15,000 Period Administrative Fixed 43 Heat & electricity for the general office 4,000 Period Administrative Fixed 44 Janitorial services for administrative offices 26,000 Period Administrative Fixed 45 Salaries of accounts receivable/payable clerks 78,000 Period Administrative Fixed 480,000 Period Selling Variable 46 Sales commissions 47 Sales manager's salary 120,000 Period Selling Fixed 48 Supplies for administrative office 1,000 Period Administrative Fixed 49 Customer billing supplies 2,000 Period Administrative VariableA B C Crispin Company 2 Traditional Format Income Statement 3 4 Sales $ 8,000,000 5 Cost of goods sold 6 Gross margin 8,000,000 7 Selling and administrative expenses: 8 Selling 9 Administrative 10 Net operating income 8,000,000 11 12 13 Crispin Company 14 Contribution Format Income Statement 15 Sales $ 8,000,000 16 Variable expenses: 17 Cost of goods sold 18 Variable selling 19 Variable administrative 20 Contribution margin 8,000,000 21 Fixed expenses: 22 Fixed manufacturing 23 Fixed selling 24 Fixed administrative 25 Net operating income 8.000.000 26 27 28 Fill In 29 Auto-CalcCalculate the company's total variable costs and total fixed costs. The total variable costs are The total fixed costs areCalculate the portions of the total variable costs that would be classified as product costs and period costs. The total variable product costs are _ The total variable period costs are _ Calculate the portions of the total fixed costs that would be classified as product costs and period costs. The total fixed product costs are The total fixed period costs ared. Prepare a bar chart that includes a total of two bars. The first bar will depict the total fixed costs and the amounts ofthat grand total that are categorized as product costs and period costs. The second bar will depict the total variable costs and the amounts of that grand total that are categorized as product costs and period costs. Which of the following statements are true according to this bar chart. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) a The fixed period costs are greater than the variable product costs. a The fixed period costs are greater than the variable period costs. a The variable product costs are greater than the fixed product costs