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Could someone double check my answers and let me know if anything is incorrect? Thanks! Milestone One - Cost Classification INSTRUCTIONS: Putting an X in
Could someone double check my answers and let me know if anything is incorrect? Thanks!
Milestone One - Cost Classification INSTRUCTIONS: Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs. The Fixed and Variable cost classifications have been provided for you. Item/Cost Salary - Collar maker Salary - Leash maker Salary - Harness maker Salary - Receptionist High-tensile strength nylon webbing Polyester/nylon ribbons Buckles made of cast hardware Depreciation on sewing machines Rent Utilities and insurance Scissors, thread, and cording Price tags Office supplies Other business equipment Loan payment Salary to self Direct Material x x x x Direct Labor x x Overhead x x x x x x Period Costs x x x Fixed x x x x x x Variable x x x x x x x
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