Question
Infinity Inc. specializes in making high quality sport jackets for known brand name companies. Several costs incurred by Infinity Inc. are listed below. Assume that
Infinity Inc. specializes in making high quality sport jackets for known brand name companies. Several costs incurred by Infinity Inc. are listed below. Assume that the cost object are the jackets manufactured by the company.
Match the individual costs to the correct cost classification.
1. Product Cost - Direct Materials
2. Product Cost - Direct Labor
3. Product Cost - Overhead
4. Period Cost - Sales & Marketing 5. Period Cost - Administrative
Question 9 options:
Wages of workers who do maintenance and repairs to sewing machines.
Cost of cotton fabric used in light weight jackets.
Cost of wages of fabric cutters.
Cost of wages of quality control staff at the factory.
Salary of office receptionist at head office.
Salary of general office manager at the head office.
Cost of logo patterns to be sewn on jackets. 2 Cost of wages of sewing operators.
Cost of holding annual reception for the brand name clients. 4 Cost of travel and entertainment allowances for sales personnel.
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