Chapter 1: Classifications of CostsBelow are costs associated with a car manufacturer. Number the costs below and indicate V or F forvariable or fixed. Then S, A, D or I for Selling. Admin, Direct (product cost) or Indirect (product cost).1CostWages of workers assemblingthe cars2 Advertising costs3Factory supervision4Property tax, factory building5Sales commissions6 Insurance, factory7 Depreciation, office equipment8Lease cost, factory equipment9 Depreciation, factory building1011121314Office suppliesOffice salariesSteel used in the carsUtilities, factoryShipping costs for the cars

Variable costs are those costs which are changes with the level of activity. However, it does not…

Below are costs associated with a car manufacturer. Number the costs below and indicate V or F for variable or fixed. Then S, A, D or I for Selling. Admin, Direct (product cost) or Indirect (product cost). Cost Wages of workers assembling the cars 2 Advertising costs 3 Factory supervision 1 4 Property tax, factory building 5 Sales commissions 6 Insurance, factory 7 8 9 10 11 12 13 14 Depreciation, office equipment Lease cost, factory equipment Depreciation, factory building Office supplies Office salaries Steel used in the cars Utilities, factory Shipping costs for the cars.

Below are costs associated with a car manufacturer. Number the costs below and indicate V or F for variable or fixed. Then S, A, D or I for Selling. Admin, Direct (product cost) or Indirect (product cost). Cost Wages of workers assembling the cars 2 Advertising costs 3 Factory supervision 1 4 Property tax, factory building 5 Sales commissions 6 Insurance, factory 7 8 9 10 11 12 13 14 Depreciation, office equipment Lease cost, factory equipment Depreciation, factory building Office supplies Office salaries Steel used in the cars Utilities, factory Shipping costs for the cars.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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