Employee salaries which consist of a $35,000 base amount plus 12% of sales would

Question

Employee salaries which consist of a $35,000 base amount plus 12% of sales would best be classified as a:

A.   variable cost.
B.   committed fixed cost.
C.   discretionary fixed cost.
D.   mixed cost.
E.   None of these.
In job order costing, the basic document to accumulate the cost of each order is the:

A.   invoice.
B.   purchase order.
C.   requisition sheet.
D.   job cost sheet.
E.   None of these.
Individual job-order cost sheets reflect the accumulation and/or assignment of costs related to:

A.   direct labor.
B.   direct materials.
C.   factory overhead.
D.   A, B, and C are all included.
E.   None of these. Employee salaries which consist of a $35,000 base amount plus 12% of sales would best be classified as a:

A.   variable cost.
B.   committed fixed cost.
C.   discretionary fixed cost.
D.   mixed cost.
E.   None of these.
In job order costing, the basic document to accumulate the cost of each order is the:

A.   invoice.
B.   purchase order.
C.   requisition sheet.
D.   job cost sheet.
E.   None of these.
Individual job-order cost sheets reflect the accumulation and/or assignment of costs related to:

A.   direct labor.
B.   direct materials.
C.   factory overhead.
D.   A, B, and C are all included.
E.   None of these.

Explanation / Answer

Employee salaries which consist of a $35,000 base amount plus 12% of sales would best be classified as a:

Solution-

D. Mixed Cost

Explanation-

The mixed cost consist the both variable and fixed cost.

So, Employee got both part fixed as well as variable thats why its mixed cost.

In job order costing, the basic document to accumulate the cost of each order is the:

Solution-

D.   job cost sheet

Explanation-

The actual cost of the job reflact by the Job cost sheet.

So, In job order costing all cost show in the Job cost sheet.

Individual job-order cost sheets reflect the accumulation and/or assignment of costs related to:

Solution-

D.   A, B, and C are all included.

Explanation-

Job order cost sheet reflact the direct labor, direct material and factory overhead.

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