Question
Kay needs help in classifying her various costs.To manage these costs,she wants them identified using the information below.Use Table 2 below for your classifications: a)
Kay needs help in classifying her various costs.To manage these costs,she wants them identified using the information below.Use Table 2 below for your classifications:
a) Behavior: fixed or variable
b) Traceability: direct or indirect
c) Financial Reporting: product or period
d) If product cost: direct materials, direct labor, or overhead
Place an X in the boxes below to properly classify each cost.
Note: Costs will have more than one X each.
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| Cost Classification Chart | |||||||||
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| Fixed | Variable | Direct | Indirect | Product | DM | DL | OH | Period |
| Oven |
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| Cash Register |
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| Baking pans |
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| Business License |
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| Health Inspections |
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| Rent |
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| Utilities |
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| Mobile Phone |
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| Flour |
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| Sugar |
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| BakingSoda |
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| Butter |
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| Raisins |
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| Eggs |
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| Lemons |
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| Accountant |
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ISE Managerial Accounting For Managers
Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison
5th Edition
1260570010, 9781260570014
