Electricity for recliner line (billed for the plant) is a fixed cost.
The answer is Option a.
✓ Saved Question 8 (2.5 points) A chair manufacturing plant has two separate assembly lines: recliners...
2-25 Classification of costs, manufacturing sector. The Cooper Furniture Company of Potomat, Maryland, assembles two types of chairs (Recliners and Rockers). Separate assembly lines are used for each type of chair. Classify each cost item (A-I) as follows: Direct or indirect (D or I) cost for the total number of Recliners assembled. b. Variable or fixed (V or F) cost depending on how total costs change as the total number of Recliners assembled changes. (If in doubt, select on the...
Crispin Company’s sales from last year were $8 million. The company maintains no beginning or ending inventories. It has assembled all of its costs from last year and would like your assistance in sorting these costs into various categories, depicting them graphically, and preparing traditional and contribution format income statements. (Using Excel) 1. Go to the “Cost Summary” tab. Using PivotTable and Charts: a. Calculate the company’s total product costs and total period costs. b. Calculate the portions of the...