Identification/Problems Consider the following items: A. Tomatoes used in the ma

Question

Identification/Problems

Consider the following items:

A. Tomatoes used in the manufacture of ketchup

B. Administrative salaries of executives employed by a regional airline

C. Wages of assembly-line workers at an automobile manufacturing plant

D. Marketing expenditures of the major league baseball club

E. Commissions paid to the salespeople working for a soft drink company

F. Straight-line depreciation on manufacturing equipment owned by a computer manufacturer

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 cost and (2) a variable or fixed cost by placing an "X" in the appropriate column.

Explanation / Answer

A. Product cost & variable Cost

B. Period Cost & fixed Cost

C. Product cost & Variable Cost

D. Period Cost & Fixed Cost

E. Product Cost & Variable Cost

F. Period Cost & Fixed Cost

G. Period Cost & Variable Cost

H. Product Cost & Variable cost

I. Period Cost & Fixed Cost

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.