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For the following thirteen (13) items, place an X in the appropriate column to indicate whether the cost is a product cost (specify
| For the following thirteen (13) items, place an "X" in the appropriate column to indicate whether the cost is a product cost (specify which type of product cost: direct materials, direct labor or manufacturing overhead) or period cost and then whether the cost is Variable or Fixed. (Hint: each line should have two "X"s) |
| Product Cost | Period Cost | Variable or Fixed | |||||
| Direct Materials | Direct Labor | Manufacturing Overhead | Variable | Fixed | |||
| 1 | Advertising | ||||||
| 2 | Assembly department employee wages | ||||||
| 3 | CEO's salary | ||||||
| 4 | Cost of shipping goods to customers | ||||||
| 5 | Depreciation on assembly plant | ||||||
| 6 | Depreciation on executive building | ||||||
| 7 | Factory maintenance supplies | ||||||
| 8 | Glass used in automobiles | ||||||
| 9 | Plant manager's salary | ||||||
| 10 | Property taxes on assembly plant | ||||||
| 11 | Salary of marketing executive | ||||||
| 12 | Steel used in automobiles | ||||||
| 13 | Tires installed on automobiles | ||||||
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