Problem F (32 points) -ANALYSIS OF COSTS- INSTRUCTIONS: For each of the followin

Question

Problem F (32 points) -ANALYSIS OF COSTS- INSTRUCTIONS: For each of the following situations, identify the cost as either a direct cost (D) or an hired cost ?) indicate whether it is a product cost (Pt) or a period cost (Pd). ITEM Direct orFor Period or For Indirect Scoring Product Scoring 0. Postage expense for a broom manufacturer 1-2. Materials used for specific jobs 3-4. Factory labor incurred on non-specific jobe... 5-6. Cash paid for factory utlities costs incurred 7-8. Rental cost on the factory building 9-10. Design costs for the new product line 1-12. Accounting Department salaries . 3-14. Factory labor incurred on specific jos 5-16. Salary of vice-president of manufacturing 0. Pd 0. 2. 3. 5. 7.10. 6. 8. 12. 14- 16. 13. 15.

Explanation / Answer

ITEM Direct or Period or Indirect Product Postage expenses for a broom manufacturer Indirect Period Materials used for specific jobs Direct Product Factory labor incurred on non-specific jobs Direct Period Cash paid for factory utilities costs incurred Indirect Period Rental cost on factory building Indirect Period Design cost for the new product line Indirect Product Accounting department salaries Indirect Period Factory labor incurred on specific jobs Direct Product Salary of Vice-President of manufacturing Indirect Period

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