Classify each cost as variable, fixed, or mixed. 1. Insurance on the buildings FixedVariableMixed 2. Property...
Classify each cost as variable, fixed, or mixed.
| 1. | Insurance on the buildings |
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| 2. | Property tax bill |
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| 3. | Sales commission |
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| 4. | Nails used to produce furniture |
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| 5. | Fuel needed to operate the machinery |
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| 6. | Hourly wages of the assembly-line workers |
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| 7. | Rental of U-Haul charged based on daily rate plus km driven |
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| 8. | Depreciation on the building |
|
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| 9. | Rent paid for office space |
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| 10. | Maintenance costs of delivery vans |
FixedVariableMixedHomework Answers
Answer:
| 1 | Insurance on the buildings | Fixed |
| 2 | Property tax bill | Fixed |
| 3 | Sales commission | Variable |
| 4 | Nails used to produce furniture | Variable |
| 5 | Fuel needed to operate the machinery | Variable |
| 6 | Hourly wages of the assembly-line workers | Variable |
| 7 | Rental of U-Haul charged based on daily rate plus km driven | Mixed |
| 8 | Depreciation on the building | Fixed |
| 9 | Rent paid for office space | Fixed |
| 10 | Maintenance costs of delivery vans | Mixed |
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Classify each cost as variable, fixed, or mixed. 1. Insurance on the buildings FixedVariableMixed 2. Property...
сиптепсиссер тоБез Classify each cost as variable, fixed, or mixed. Insurance on the buildings .. Property...
сиптепсиссер тоБез Classify each cost as variable, fixed, or mixed. Insurance on the buildings .. Property tax bill 1. Sales commission . Nails used to produce furniture 6. Fuel needed to operate the machinery 6. Hourly wages of the assembly-line workers 1. Rental of U-Haul charged based on daily rate plus 1. Depreciation on the building Rent paid for office space 5. Maintenance costs of delivery vans e Textbook and Media
Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed, or mixed. Family...
Family Furniture Corporation incurred the following costs.
Identify the costs as variable, fixed, or mixed.
Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed, or mixed. Wood used in the production of furniture. 2. Fuel used in delivery trucks. 3. Straight-line depreciation on factory building 4. Screws used in the production of furniture 5. Sales staff salaries. 6. Sales commissions. 7. Property taxes. 8. Insurance on buildings. 9 Hourly wages of furniture craftsmen. 10. Salaries of...
Classify the following expenses incurred by a fertilizer business according to cost classification (fixed cost, variable...
Classify the following expenses incurred by a fertilizer business according to cost classification (fixed cost, variable cost, mixed cost, direct material, direct labour, overhead cost and period cost) i. Salaries of production workers ii. Salaries of factory’s manager iii. Commission of salesperson iv.Depreciation of machinery in plant v. Depreciation of office equipment vi. Chemical used in the production vii. Delivery expenses viii. Indirect materials
ignment Exercise 11-4 Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed,...
ignment Exercise 11-4 Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed, or mixed. 1. Wood used in the production of furniture. 2. Fuel used in delivery trucks. 3. Straigh-line depreciation on factory building 4. Screws used in the production of furniture. 5. Sales staff salaries. 6. Sales commissions. 7. Property taxes. 8. Insurance on buildings. 9. Hourly wages of furniture craftsmen. 10. Salaries of factory supervisors 11. Utilities expense. 12. Telephone bill. Show Work is...
send help Problem 2 Classify the following as to fixed, variable or mixed 1. Factory rent...
send help
Problem 2 Classify the following as to fixed, variable or mixed 1. Factory rent 2. Wages for workers paid based on units produced 3. Equipment maintenance 4. Cost accountant's salary 5. Depreciation based on output 6. Salary of factory supervisor 7. Telephone (monthly) 8. Paper in the manufacture of books 9. Wages of machine operators 10. Commission of salesmen
Question 4 Classify each cost as a period or a product cost. 1. Advertising costs Product...
Question 4
Classify each cost as a period or a product cost.
1.
Advertising costs
Product CostPeriod Cost
2.
Glue and nails used in production
Period CostProduct Cost
3.
Depreciation on factory equipment
Product CostPeriod Cost
4.
Sales commission paid to salesperson
Period CostProduct Cost
5.
Salary of controller
Product CostPeriod Cost
6.
Wages paid to assembly-line workers
Product CostPeriod Cost
7.
Flour used in baking cakes
Period CostProduct Cost
8.
Utilities of the factory building
Period CostProduct Cost
9....
Classify each cost as either a product cost or a period cost. Indicate whether each product...
Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Costs Classification a. Attorney fees for drafting a new lease for headquarters offices. b. Cash paid to outside firm for janitorial services for factory. c. Commissions paid to sales representatives, based on the number of ATVs...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation,...
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1Salaries for assembly line inspectors. Insurance on factory machines Property taxes on the factory building. Factory repairs E Upholstery used in manufacturing furniture Wages paid to assembly line workers. Factory machinery depreciation. Glue, nails, paint, and other...
1&2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost...
1&2. Prepare flexible overhead budgets for October showing the
amounts of each variable and fixed cost at the 65%, 75%, and 85%
capacity levels and classify all items listed in the fixed budget
as variable or fixed.
Saved Help Save & Exit Check Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (1.8 hrs. @ $12.00 per hr.) Overhead (1.8 hrs. @ $18.50 per hr.) Total standard cost $20.00 21.60 33.30 $74.90 The predetermined overhead rate ($18.50 per direct...
сиптепсиссер тоБез Classify each cost as variable, fixed, or mixed. Insurance on the buildings .. Property tax bill 1. Sales commission . Nails used to produce furniture 6. Fuel needed to operate the machinery 6. Hourly wages of the assembly-line workers 1. Rental of U-Haul charged based on daily rate plus 1. Depreciation on the building Rent paid for office space 5. Maintenance costs of delivery vans e Textbook and Media
Family Furniture Corporation incurred the following costs.
Identify the costs as variable, fixed, or mixed.
Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed, or mixed. Wood used in the production of furniture. 2. Fuel used in delivery trucks. 3. Straight-line depreciation on factory building 4. Screws used in the production of furniture 5. Sales staff salaries. 6. Sales commissions. 7. Property taxes. 8. Insurance on buildings. 9 Hourly wages of furniture craftsmen. 10. Salaries of...
ignment Exercise 11-4 Family Furniture Corporation incurred the following costs. Identify the costs as variable, fixed, or mixed. 1. Wood used in the production of furniture. 2. Fuel used in delivery trucks. 3. Straigh-line depreciation on factory building 4. Screws used in the production of furniture. 5. Sales staff salaries. 6. Sales commissions. 7. Property taxes. 8. Insurance on buildings. 9. Hourly wages of furniture craftsmen. 10. Salaries of factory supervisors 11. Utilities expense. 12. Telephone bill. Show Work is...
send help
Problem 2 Classify the following as to fixed, variable or mixed 1. Factory rent 2. Wages for workers paid based on units produced 3. Equipment maintenance 4. Cost accountant's salary 5. Depreciation based on output 6. Salary of factory supervisor 7. Telephone (monthly) 8. Paper in the manufacture of books 9. Wages of machine operators 10. Commission of salesmen
Question 4
Classify each cost as a period or a product cost.
1.
Advertising costs
Product CostPeriod Cost
2.
Glue and nails used in production
Period CostProduct Cost
3.
Depreciation on factory equipment
Product CostPeriod Cost
4.
Sales commission paid to salesperson
Period CostProduct Cost
5.
Salary of controller
Product CostPeriod Cost
6.
Wages paid to assembly-line workers
Product CostPeriod Cost
7.
Flour used in baking cakes
Period CostProduct Cost
8.
Utilities of the factory building
Period CostProduct Cost
9....
Exercise 1-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1Salaries for assembly line inspectors. Insurance on factory machines Property taxes on the factory building. Factory repairs E Upholstery used in manufacturing furniture Wages paid to assembly line workers. Factory machinery depreciation. Glue, nails, paint, and other...
1&2. Prepare flexible overhead budgets for October showing the
amounts of each variable and fixed cost at the 65%, 75%, and 85%
capacity levels and classify all items listed in the fixed budget
as variable or fixed.
Saved Help Save & Exit Check Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (1.8 hrs. @ $12.00 per hr.) Overhead (1.8 hrs. @ $18.50 per hr.) Total standard cost $20.00 21.60 33.30 $74.90 The predetermined overhead rate ($18.50 per direct...
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