Question
Cost classification: Name of the Cost Variable Cost Fixed Cost Product Cost Period (Selling and Admin.) Cost Direct Materials Direct Labour Mfg. Overhead $5,000 salary
- Cost classification:
| Name of the Cost | Variable Cost | Fixed Cost | Product Cost | Period (Selling and Admin.) Cost |
| ||||||
| Direct Materials | Direct Labour | Mfg. Overhead |
| ||||||||
|
| |||||||||||
| $5,000 salary at tech company foregone............................... |
|
|
|
|
|
|
|
|
| ||
| Garage rental, $300 per month.... |
|
|
|
|
|
|
|
|
| ||
| Equipment rental, $1,000.......... |
|
|
|
|
|
|
|
|
| ||
| Material cost, $.60 per unit........ |
|
|
|
|
|
|
|
|
| ||
| Labour cost, $1.00 per unit........ |
|
|
|
|
|
|
|
|
| ||
| Room rental for sales office, $150 per month..................... |
|
|
|
|
|
|
|
|
| ||
| Voicemail plan for cell phone, $5 per month............................. |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
| ||
| Foregone interest on savings account, $2,000 per year........ |
|
|
|
|
|
|
|
|
| ||
| Advertising, $400 per month...... |
|
|
|
|
|
|
|
|
| ||
| Sales staff commission, $0.20 per unit................................. |
|
|
|
|
|
|
|
|
| ||
| Legal fees to incorporate, $1,000 |
|
|
|
|
|
|
|
|
| ||
|
| |||||||||||
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
Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
12th Edition
0324100949, 978-0324100945
