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PR 20 1A COST CLASSIFICATION (20 POINTS) Seymour Clothing Co. manufactures a variety of clothing types for distribution to several major retail chains. The following
PR 20 1A COST CLASSIFICATION (20 POINTS) Seymour Clothing Co. manufactures a variety of clothing types for distribution to several major retail chains. The following costs are incurred in the production and sale of blue jeans: Instructions Classify the preceding costs as either fixed, variable, or mixed. Use the following tabular headings and place an X in the appropriate column. Identify each cost by letter in the cost column. ACCO3520-3004 - TAREA 4.1 PR 20-1A - COST CLASSIFICATION type cost | fixed | variable | mixto. cost description Property taxes on property, plant, and equipment. b. Electricity cost of $0.10 per kilowatt-hour C. Wages of machine operations d. Janitorial services, $2,200 per month. Salary of production vice president f. Rent on plant equipment, $50,000 per year Leather for patches identifying the brand on individual pieces of apparel. h. Supplies Rental cost of warehouse. $5,000 per month plus $4 per square foot of storage used. Insurance premiums on property, plant, and equipment, $70,000 per year plus $5 per $30,000 of insured value over $8,000,000. k. Shipping boxes used to ship orders 1. Consulting fee of $200,000 paid to industry specialist for marketing advice. m. Straight-line depreciation on sewing machines n. Salesperson's salary, $10,000 plus 2% of the total sales Fabric P. Dye Thread r. Salary of designers S. Brass buttons t. Legal fees paid to attorneys in defense of the company in a patent infringement suit, $50,000 plus $87 per hour
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