Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please provide the correct cost classifications for the ones highlighted in yellow and provide explanations if possible. XYZ Corporation MILESTONE 1 - Cost Classification Exercise
Please provide the correct cost classifications for the ones highlighted in yellow and provide explanations if possible.
XYZ Corporation MILESTONE 1 - Cost Classification Exercise INSTRUCTIONS: Putting an X in the appropriate spot, classify the costs highlighted in yellow as: Direct Material, Direct Labor, Overhead, or Period Costs. Other costs have been provided for you. The fixed and variable cost classifications have been provided for you. For more information see Objective 1 in Chapter 5. Item/Cost Direct Material Direct Labor Overhead Period Costs Fixed Variable Groomer X Day care attendant Receptionist Kennel attendant X Food and water bowls Depreciation on kennels Rent Utilties and insurance Grooming tub 48" Depreciation on heating system Clippers Shampoo (Crystal Clear: five-gallon pl X X X X X X Towels Scissors (7-inch straight, ear & nose) Toys (used in day care only) Cleaning products (used throughout) DryerStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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