Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help! Required information The following information applies to the questions displayed below] Listed here are the total costs associated with the 2017 production of

image text in transcribed

image text in transcribed

please help!

Required information The following information applies to the questions displayed below] Listed here are the total costs associated with the 2017 production of 1000 drum sets manufactured by TrueBeat The drum sets sell for $449 each. Costs 1. Plastic for casing-$23,000 2. Wages of assembly workers-$80,000 3. Property taxes on factory-$7,080 4. Accounting staff salaries $32,000 5. Drum stands (1,000 stands purchased)-$38,000 6. Rent cost of equipment for sales staff-$36,000 7. Upper management salaries-$120,000 8. Annual flat fee for factory maintenance service $22,000 9. Sales commissions-$26 per unit 10. Machinery depreciation, straight line $36,000 Required: 1. Classily each cost and its amount as (a) either variable or fixed and (b) either product or period (The first cost is completed as an example) Cost by Behavior Fixed Variable 23.000 Cost by Function Product Period 23000 $ 1. 2 Costs Plastic for casing Wages of assembly workers Property taxes on factory Accounting staff salaries Drum stands 6. Rent cost of equipment for sales staff Upper management salaries Annual flat fee for factory maintenance service Sales commissions 10. Machinery depreciation, straight-line

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

Principles Of Accounting Volume 2 Managerial Accounting

Authors: OpenStax

1st Edition

0357364805, 9780357364802

More Books

Students also viewed these Accounting questions

Question

=+b) What might you consider doing next?

Answered: 1 week ago