Question
Consider the following items: A. Salary of accounting manager B. Rubber used in the production of tires C. Salary of factory supervisors at an airplane
Consider the following items: A. Salary of accounting manager B. Rubber used in the production of tires C. Salary of factory supervisors at an airplane manufacturing plant D. Wages of factory assemblers at a toy manufacturing plant E. Commissions paid to the salespeople working for a software company
Required: Complete the table that follows and classify each of the costs listed as (1) a product or period cost and (2) a variable or fixed cost by placing an "X" in the appropriate column.
| Product or Period Cost | Variable or Fixed Cost | ||
Item | Product | Period | Variable | Fixed |
A |
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B |
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C |
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D |
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E |
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