Question
Using the cost information below is it possible to classify each cost under the appropriate heading, I'm having a hard time with the math and
Using the cost information below is it possible to classify each cost under the appropriate heading, I'm having a hard time with the math and I want to check my answers so I don't miss a step.
Variable CostFixed CostDirect MaterialsDirect LaborPeriod CostPrime CostConversion Cost
Cost Amount
Depreciation on Building (annual) $ 10,000
Direct Labor Cost (per unit) $ 75
Direct Materials Cost (per unit)$ 60
Factory Utilities (per unit) $ 8
Indirect Materials (per unit) $4
Interest on Investments (annual)$3,000
Machinery Rental (monthly) $ 6,000
Marketing (annual) $ 35,000
Rent from Tenant (annual) $40,000
Shipping (per unit) $3
Storage Facility (monthly) $700
Supervisor Salary (annual) $30,00
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