UVIEK #1 (25 points) Consider the following items: A. Tomatoes used in the manuf

Question

UVIEK #1 (25 points) Consider the following items: A. Tomatoes used in the manufacture of spaghetti sauce B. Administrative salaries of executives employed by a regional trucking company C. Wages of assembly-line workers at a boat manufacturing plant D. Marketing expenditures of the major league baseball club E. Commissions paid to the salespeople working for a technology company F. Straight-line depreciation on manufacturing equipment owned by a computer manul G. Shipping charges incurred by office supplies retailer on out-going orders H. Speakers used in a consumer electronics company's home-theater systems I. Insurance costs related to a cosmetics manufacturing plant Required: Complete the table that follows and classify each of the costs listed as (1) a product or period ost and (2) a variable or fixed cost by placing an "X" in the appropriate column. Variable or Fixed Cost Variable Fixed Product or Period Cost Period Product Item

Explanation / Answer

Classification of each of the cost Product or Period Cost Variable or Fixed cost Item Product Period Variable Fixed Cost A. Tomatoes used in the manufacture of Sauce X X B. Administrative salaries of executives employed by a regional trucking company X X C.Wages of assembly-line workers at an Boat manufacturing plant X X d.Marketing expenditures of the major league baseball club X X e.Commissions paid to the salespeople working for a Technology company X X f.Straight-line depreciation on manufacturing equipment owned by a computer manufacturer X X g.Shipping charges incurred by office supplies retailer on out-going orders X X h.Speakers used in a consumer electronics company’s home-theater systems X X i.Insurance costs related to a cosmetics manufacturing plant X X

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