Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the

image text in transcribed
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold, and then whether it would be a selling cost, an administrative cost, or a manufacturing cost if it is a manufacturing cost indicate whether it is a direct cost or an indirect cost with respect to units of product Selling Cont Administrative Cost Variable or Fixed Variable Foced Food Manufacturing Producnost Direct Indirect Yes Yes Yes Costite Ex Direct labor Executive salarios Factory rent 1 Property taxes, factory 2. Boxes used for packaging detergent produced by the company 3. Salespersons' commissions 4 Supervisor's salary factory 5. Depreciation executive autos 6 Wages of workers assembling computers 7 Insurance, finished goods warehouses 8 Lubricants for production equipment 9 Advertising costs 10. Microchips used in producing calculators 11 Shipping costs on merchandise sold 12. Magazine subscriptions factory lunchroom 13. Thread in a garment factory 14 Executive life insurance 15 ink used in taxtbook production 16 Fringe benefits materials handling workers 17 Yam used in sweater production 18 Wages of receptionist Executive offices

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

IT Auditing Defined

Authors: Ibrahim Yussuf, Matthew Robinett

1st Edition

1645435148, 978-1645435143

More Books

Students also viewed these Accounting questions

Question

Describe the importance of employer branding.

Answered: 1 week ago