Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Indicate which category the following costs fit into: Property Taxes, factory Salespersons' commissions Supervisor's salary, factory Wages of workers, assembly Wages of receptionist, office Thread

Indicate which category the following costs fit into:

Property Taxes, factory

Salespersons' commissions

Supervisor's salary, factory

Wages of workers, assembly

Wages of receptionist, office

Thread in a garment factory

Lubricants for equipment

Executive life insurance

Monthly advertising cost

Salary of accountant

All of the above need to be known as (fixed or variable), (administrative expense, manufacturing expense or selling expense) and (direct manufacturing, indirect manufacturing, or none)

For example, Property Tax is Fixed, administrative cost, and indirect manufacturing. So on and so forth...

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Louise Crawford, Stuart Manson

7th Edition

1473760186, 9781473760189

More Books

Students also viewed these Accounting questions

Question

It would have cost more to complain.

Answered: 1 week ago