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Sales commissions are classified as: a. Fixed costs b. Product costs 8. c. Period costs d. Mixed costs e. Indirect costs 9. An example of
Sales commissions are classified as: a. Fixed costs b. Product costs 8. c. Period costs d. Mixed costs e. Indirect costs 9. An example of a mixed cost is: a. Utilities (electric and natural gas) b. Direct materials c. Rent on the manufacturing facility d. All of the above e. None of the above 10. When the activity level increases within the relevant range, what should happen with respect to the following? Total Fixed Costs Total Variable Costs No change . Decrease b. Decrease Decrease No change No change C. Decrease d. Increase Increase . Increase f. Increase No change Hawkins Textiles, Inc. is a merchandising company. During the month of August 2018, Hawkins had cost of goods sold of $66,000. The company's beginning merchandise inventory was $17,000, and its ending merchandise inventory was $23,000. What was the total amount of the company's merchandise purchases for the month? a. $94,000 b. $72,000 c. $66,000 d. $60,000 11. Which of the following costs is classified as a prime cost? 12. Indirect Materials Direct Materials Yes Yes a. No b. No No Yes C. Yes No d
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