Exercise 1 17 (Static) Classifying Variable and Fixed Costs and Product and Period Costs LO1 3, LO1 4 Classify each cost as being either variable or fixed with respect to the number of units produced and sold Also classify each cost as either a period or a product cost Cost Item 1 Hamburger buns in a Wendy's restaurant 2 Advertising by a dental office 3 Apples processed and canned by Del Monte 4 Shipping canned apples from a Del Monte plant to customers 5 Insurance on a Bausch Lomb factory producing contact lenses 6 Insurance on Nucor's corporate headquarters 7 Salary of a supervisor overseeing production of printers at Ricoh 8 Commissions paid to automobile salespersons 9 Depreciation of factory lunchroom facilities at a General Electric plant 10 Steering wheels installed in Tesla electric vehicles Cost Classifications for Predicting Cost Behavior Preparing Financial Statements Exercise 1 17 (Static) Classifying Variable and Fixed Costs and Product and Period Costs LO1 3, LO1 4 Classify each cost as being either variable or fixed with respect to the number of units produced and sold Also classify each cost as either a period or a product cost

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Exercise 1 17 (Static) Classifying Variable and Fixed Costs and Product and Period Costs  LO1 3, LO1 4  Classify each cost as being either variable or fixed with respect to the number of units produced and sold  Also classify each cost as either a period or a product cost  Cost Item 1  Hamburger buns in a Wendy's restaurant  2  Advertising by a dental office  3  Apples processed and canned by Del Monte  4  Shipping canned apples from a Del Monte plant to customers  5  Insurance on a Bausch   Lomb factory producing contact lenses  6  Insurance on Nucor's corporate headquarters  7  Salary of a supervisor overseeing production of printers at Ricoh  8  Commissions paid to automobile salespersons  9  Depreciation of factory lunchroom facilities at a General Electric plant  10  Steering wheels installed in Tesla electric vehicles  Cost Classifications for  Predicting Cost Behavior Preparing Financial Statements Exercise 1 17 (Static) Classifying Variable and Fixed Costs and Product and Period Costs  LO1 3, LO1 4  Classify each cost as being either variable or fixed with respect to the number of units produced and sold  Also classify each cost as either a period or a product cost

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Exercise 1-17 (Static) Classifying Variable and Fixed Costs and Product and Period Costs [LO1-3, LO1-4] Classify each cost as being either variable or fixed with

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