Question

E1-6 (Static) Classifying Costs (LO 1-4) Dirk Inc. produces and sells model cars. It incurs the costs listed in the following table. Required: For each of the following costs, choose "Yes" to indicate the category of product cost and whether it is a period cost, variable cost. fixed cost (can choose "Yes" in more than one column if applicable). (Select 'No' in the inappropriate cells.) points PRODUCT COSTS Direct Labor Mfg. Overhead Direct eBook Period Cost Variable Cost Fixed Cost Materials Print References CFO salary Factory utilities Factory supervisor salary Store equipment depreciation Factory equipment depreciation Advertising (monthly) Model car tires Store property taxes Factory insurance Factory worker wages Marketing manager salary Glue and screws Machine maintenance costs

Answer 1

solutions Product costs Direct Materials Period cost Direct Labor NO NO, NO Mfg: overhead NO yes yes yes NO variable cost NO Yes Yes fized cost yes NO Yes Yes NO NO : NO No. yes NO No Yes yes NO Yes 0 2 2 NO Yes NO 2 0 2 DGFO salary 2) Factory utilities 3) Factory supervisor salary W Store equipment Depreciation : 5) Factory equipment Depreciation. 6) Advertising (monthly). 1) Mosel cay Tives 8) store property Taxes a) Factory Insurence 1o) Factory worker wages 11) Marketing Manager. salary 12) Glue and serews 13) Machine maintenance cost NO NO yes 0 Yes NO Yes 0 NO Yes NO 10 0 2 res ves 2 0 NO Yes No NO . yes NO Yes NO : Yes NO

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