Question
Brick-a-brac Pty Ltd manufacture one variety of brick that is used in the building construction industry. a) In the response template provided below, classify the
Brick-a-brac Pty Ltd manufacture one variety of brick that is used in the building construction industry.
a) In the response template provided below, classify the following costs using the selection provided in each dropdown list. (8 marks)
Cost Item | Amount | Classification | Fixed or Variable Cost |
Marketing Expense | $5,000 | AnswerDirect MaterialDirect LabourManufacturing OverheadPeriod Cost | AnswerVariable CostFixed Cost |
Sand, stones and bonding agent | $3,200 | AnswerDirect MaterialDirect LabourManufacturing OverheadPeriod Cost | AnswerVariable CostFixed Cost |
Full-time machine operator | $1,500 | AnswerDirect MaterialDirect LabourManufacturing OverheadPeriod Cost | AnswerVariable CostFixed Cost |
Factory Electricity Expense | $350 | AnswerDirect MaterialDirect LabourManufacturing OverheadPeriod Cost | AnswerVariable CostFixed Cost |
Required: Answer the following questions in the provided spaces: For money amounts, round your answer to the nearest dollar. Do not include $.
Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format.
a) The total product cost was $ Answer. (1 mark)
b) The total prime cost was $ Answer. (1 mark)
c) The total conversion cost was $ Answer. (1 mark)
d) The total period cost was $ Answer. (1 mark)
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