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Under each heading type the term that best fits the item. For Example, ilf the cost behavior is fixed, type fixed Each item will have
Under each heading type the term that best fits the item. For Example, ilf the cost behavior is fixed, type fixed Each item will have two answers. HINT: If an item is a product cost, it cannot be a period cost. Item Cost Behavior Product Costs Fixed / Variable Direct / Indirect Period Cost Glue used in furniture Cost of workers sanding product Wages of factory custodian Grapes used in jelly Rent on factory equipment Factory insurance fixed Controller's salary Factory washroom supplies Sugar in candy products Wages of a machinist Office supplies used
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