Complete the cost classification and the variable & fixed costs using the information provided. The operational and cost information will be listed below.
For the cost classification the instructions are as follows: Putting an X in the appropriate spot, classify the costs highlighted in yellow as:Direct Material, Direct Labor, Overhead, or Period Costs.Other costs have been provided for you.
Costs (Payments) for the Purpose of Generating Revenues Product Costs Period Costs Direct Materials Direct Labor Overhead Inventory (Balance Sheet) Cost of Selling and Goods Sold Admin Exp. (Income Statement) (Income Statement)INSTRUCTIONS: Putting an X in the appropriate spot, classify the costs highlighted in yellow as: Direct Material, Direct Labor, Overhead, or Period Costs. Other costs have been provided for you. The fixed and variable cost classifications have been provided for you. For more information see Objective 1 in Chapter 5. Item/Cost Direct Direct Material Labor Overhead Period Costs Fixed Variable Groomer X Day care attendant X ..... Receptionist X Kennel attendant X X Food and water bowls X Depreciation on kennels X X ..... Rent X Utilties and insurance X X Grooming tub 48' Depreciation on heating system X Clippers X X Shampoo (Crystal Clear: five-gallon pail) X Towels X X Scissors (7-inch straight, ear & nose) X X Toys (used in day care only) X Cleaning products (used throughout) X Dryer XXYZ Corporation MILESTONE 1 - Variable & Fixed Cost Exercise INSTRUCTIONS: Determine the per unit cost for each dog. Fill in the blanks to get the per unit cost and xed cost of each service. Based on 5 grooms per day GROOMING Item Variable Costs Shampoo C1ipper(s) Bowls Towels Scissors Total Variable Costs Groomer Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs Fixed Costs 2,367.91 Based on 22 dogs per day for six days a week. Assume 25 operating days for kennel and 22 eight-hour work days for kennel atte DAY CARE Item Variable Costs Day care attendant 2.88 Toys 0.27 Bowls 0.] Towels l .4 Total Variable Costs Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant. BOARDING Item Variable Costs Kennel attendant Bowls Towels Total Variable Costs Depreciation on kennels Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs Fixed Costs Fixed Costs 1,378.97