Magic City Enterprises manufactures a beautiful bookcase. Listed below are a num
ID: 2406937 • Letter: M
Question
Magic City Enterprises manufactures a beautiful bookcase. Listed below are a number of costs incurred. Identify each cost as either fixed or variable; product or period. If the cost is a product cost, then state whether it would be considered a direct or indirect cost.
Factory Rent
Advertising
Packing Supplies for Shipping
Factory Security Guard
Wages of Employees Who Sand the Wood
Administrative Assistant in Corporate Office
Paper Towels in the Men's Room in the Factory
Executive Jet
Lumber
Depreciation on Factory Tools (Straight-Line)
Fixed or Variable - Product / Indirect
Fixed - Period
Fixed - Product / Indirect
Variable - Product / Direct
Variable - Period
- A. B. C. D. E.Factory Rent
- A. B. C. D. E.Advertising
- A. B. C. D. E.Packing Supplies for Shipping
- A. B. C. D. E.Factory Security Guard
- A. B. C. D. E.Wages of Employees Who Sand the Wood
- A. B. C. D. E.Administrative Assistant in Corporate Office
- A. B. C. D. E.Paper Towels in the Men's Room in the Factory
- A. B. C. D. E.Executive Jet
- A. B. C. D. E.Lumber
- A. B. C. D. E.Depreciation on Factory Tools (Straight-Line)
A.Fixed or Variable - Product / Indirect
B.Fixed - Period
C.Fixed - Product / Indirect
D.Variable - Product / Direct
E.Variable - Period
Explanation / Answer
C Factory Rent E Advertising E Packing Supplies for Shipping C Factory Security Guard D Wages of Employees Who Sand the Wood B Administrative Assistant in Corporate Office A Paper Towels in the Men's Room in the Factory B Executive Jet D Lumber C Depreciation on Factory Tools (Straight-Line)
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