Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help. thank you. fill on the banks using excel Required: For each cost item, indicate whether it would be variable or fixed with respect

please help. thank you. fill on the banks using excel

image text in transcribed
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 would typically be treated as a direct cost or an indirect cost with respect to units of product. Three sample answers are provided for illustration at beginning of the table. Select "None" if none of the categories apply for a particular item. Following are a number of costs typically found in organizations: Cost Item Cost Behaviour Classification Manufacturing Product) Cost Direct labour Variable None Direct cost Executive salaries Fixed Administrative cost None Factory rent Fixed None Indirect cost 1. Property taxes, corporate office 2. Boxes used for packaging detergent 3 Sales people's commissions 4. Production supervisor's salary 5. Depreciation, executive automobiles 6. Wages of workers assembling computers 7. Packing supp lies for out-of-province shipments 8 Insurance, finished goods warehouses 9. Depreciation, Office computers 10 Advertising costs 11 Chips used in producing calculators 12 Shipping costs on merchandise sold 13 Magazine subscriptions, factory lunchroom 14 Velcro in a garment factory 15 Billing costs 16 Executive life insurance 17 Software used in textbook production 18 Fringe benefits, assembly line workers 19 Yam used in sweater production 20 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

Financial Accounting

Authors: Robert Kemp, Jeffrey Waybright

5th edition

134727797, 9780134728643 , 978-0134727790

More Books

Students also viewed these Accounting questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago