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Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or period cost.
Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or period cost.
- Wages of administrative staff
- Shipping costs on merchandise sold
- Wages of workers assembling computers
- Cost of lease on factory equipment
- Insurance on factory
- Direct materials used in production of lamps
- Supervisor salary, factory
- Advertising costs
- Property taxes, factory
- Health insurance cost for company executives
- Rent on factory
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