Question
The company Bravo, manufactures and sells furniture, and is also involved in home extension joinery work. Categorise the following costs of Bravo Limited into: Direct
The company Bravo, manufactures and sells furniture, and is also involved in home extension joinery work. Categorise the following costs of Bravo Limited into:
Direct materials
Direct labour
Direct expenses
Variable factory overhead
Fixed factory overhead
Administration overhead
Variable selling overhead
Fixed selling overhead
Question 1
Not yet answered
Marked out of 1.00
Flag question
Question text
Select the correct answer for each of the following costs
1. Commission payable to sales persons | Answer 1Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
2. Joe Smith's wages for assembling job 624 5 hours @ 6 per hour | Answer 2Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
3. Rates in respect of District sales office | Answer 3Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
4. Consultancy fee of independent architect for inspecting and reporting to company on outside job 638 | Answer 4Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
5. Chief Accountant's salary | Answer 5Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
6. Salary of foreman of Manufacturing Department C; he keeps no time sheet, acting in a general, supervisory capacity | Answer 6Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
7. 4 litres of paint for job 624 | Answer 7Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
8. Routine monthly television advertising costs to promote the company's range of products | Answer 8Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
9. Electrical power costs for factory machinery | Answer 9Choose...(g) Variable selling overhead(c) Direct expenses(h) Fixed selling overhead(b) Direct labour(f) Administration overhead(e) Fixed factory overhead(a) Direct materials(d) Variable factory overhead |
10.Depreciation of machine of Production Department |
Step 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
Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
