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Question #1 Period Cost Cost Behavior Fixed Variable Product Costs Direct Indirect Item Wages of assembly line worker X Office salaries Salary of factory supervisor
Question #1 Period Cost Cost Behavior Fixed Variable Product Costs Direct Indirect Item Wages of assembly line worker X Office salaries Salary of factory supervisor Depreciation of factory Sales Commissions Paper used to make books Factory property taxes Screws in a calculator Office supplies Sugar in candy products Factory Insurance Glue used in furniture Wages of a machinist Question #2 The costs listed below are related to a manufacturer of All Natural Ice Cream. Classify the following costs as either a Product Cost or a Period Cost. If it is a Product Cost please further defind as Direct Material, Direct Labor or Overhead. Direct Material Product Cost Direct Labor Period Cost Item Overhead Maintenance on factory building Cream Mixing department hourly wages Vanilla Office rent for sales department Factory supervisors salary Machine oil for mixing machines Sugar Factory real estate taxes Advertising Depreciation on factory equipment Label - "Fat Free" Job #178 consist of 500 produced units and has the following costs: Direct materials Direct labor Overhead $ $ $ 48,000 58,000 35,000 Compute the following: 1. What is the unit product cost? 2. What is the prime cost per unit? 3. What are the conversion cost per unit
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