Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Need helping finding out 1-18 if it is a variable or fixed variable. As well as direct or indirect. PROBLEM 1-23 Cost Classification L01-1. L01-3.014
Need helping finding out 1-18 if it is a variable or fixed variable. As well as direct or indirect. PROBLEM 1-23 Cost Classification L01-1. L01-3.014 Listed below are costs found in various organizations. 1. Property taxes.factory. 2. Heres med for packaging detergent produced by the company 3. Salespersons' commissions 4. Supervisor's salary, factory 5. Depreciation, executives 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 textbook products 16. Fringe benefits, materials handling workers, 17. Yarn used in sweaterproduction 18. Wapes of receptionist, executive offices Required: Prepare an answer sheet with column headings as shown below for each co tem, indicate whether it would be variable or fixed with respect to the number of units produced and cold and then whether it would be a selling cos, an administrative cou, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or indirect cost with respect to units of product. Three samples are provided for it Variable Seling of Fred Cost Manufacturing Product Cost Direct Ince X Cost Costem Direct labor Bercutive salaries Factory rent
Need helping finding out 1-18 if it is a variable or fixed variable. As well as direct or indirect.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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