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NAME: ACC 203 FS18 EXAM CHAPTERS 14-17 DUE MONDAY 72/18 at 12:30 4. (16 Points)

ID: 2393870 • Letter: N

Question

NAME: ACC 203 FS18 EXAM CHAPTERS 14-17 DUE MONDAY 72/18 at 12:30 4. (16 Points) Marv's Furniture and Fixtures produces seats for movie theaters. Listed below are selected cost items for the seat production. Classify each cost as either fixed or variable, and either a product or a period cost by placing an x in the appropriate boxes. Cost by behavior Variable Fixed Product Period ost by function abric for seats. Assembly labor.... Factory property taxes. ccounting staff salaries ales office rent. les manager's salary ciation on factory ales commissions

Explanation / Answer

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Solution 5:

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Particulars Cost by behviour Cost by function Variable Fixed Product Period Fabric for seat X X Assembly labor X X Factory property taxes X X Accounting staff salaries X X Sales office rent X X Sales manager's salary X X Depreciation on factory equipment X X Sales Commissions X X