Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer...

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Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer balls. Identify each cost

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Answer 1

Answer #1

S. No.	Product Cost	Variable or Fixed	Direct or Indirect
1	Factory Rent	Fixed	Direct
2	Needles used in stitching soccer balls	Variable	Direct
3	Leather covers for soccer balls	Variable	Direct
4	Annual flat fee for office security	Fixed	Indirect
5	Coolants for machinery	Variable	Direct
6	Wages of assembly workers	Variable	Direct
7	Thread to hold leather together	Variable	Direct

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Answer 2

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