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Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be applied to each of these
Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be applied to each of these costs using the table provided. The cost object in each case is the cheesecake.
Cost | Product | Period | Direct | Direct | Factory | Selling | Administrative | Direct | Indirect | Prime | Conversion | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost | Cost | Materials | Labor | Overhead | Expense | Expense | Cost | Cost | Cost | Cost | ||
Eggs used to make cheesecakes | ||||||||||||
Bakers wages | ||||||||||||
Delivery driver wages | ||||||||||||
Depreciation of office computers | ||||||||||||
Power to run the cheesecake ovens | ||||||||||||
Presidents salary | ||||||||||||
Sales commissions | ||||||||||||
Factory supervisor salary |
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