Question
Below are listed various costs that might be found in a service, merchandise or manufacturing company. For each cost, select ALL classifications that apply Insurance
Below are listed various costs that might be found in a service, merchandise or manufacturing company. For each cost, select ALL classifications that apply
- Insurance on a factory producing carnival costumes
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Salary of a supervisor overseeing production of handicraft items
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Bread used to make sandwiches in a cafeteria.
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Annual flat fee paid for office security*
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Shipping of canned mangoes for an agricultural cooperative to its customers*
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Solder used in producing electrical appliances
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Property taxes on a factory building
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Advertising by an engineering firm*
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Administration
- Salaries of janitorial staff assigned to the administrative offices
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Bad debt expenses
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Steering wheels used by a company in the manufacturing of automobiles
- Mangoes processed and canned by an agricultural cooperative
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Depreciation on staff facilities at a leading manufacturing firm
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Boxes used in packaging soap powder*
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Insurance on the corporate headquarters of a leading Caribbean insurance company
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Commissions paid to persons selling advertising space in a local newspaper
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
- Lubricants used on printing equipment in a print shop
Fixed
Variable
Product - Direct materials
Product - Direct labour
Product - Direct expenses
Product - Manufacturing overhead
Prime
Period - Selling and Distribution
Period - Administration
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Skills For Accounting And Auditing Research
Authors: Shelby Collins
2nd Edition
1618530747, 9781618530745
