Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be applied to each of these costs using the table provided.The cost object in each case is the cheesecake.ProductPeriodDirectDirectFactory.SellingAdministrativeDirectIndirectPrimeConversionCostCostCostMaterialsLaborOverheadExpenseExpenseCostCostCostCostEggs used tomake cheesecakesBaker's wagesDelivery driverwagesDepreciation ofoffice computersPower to run thecheesecake ovensPresident's salarySales commissionsFactory supervisorsalary

Answered: Charles has provided some of the costs…

Charles has provided some of the costs he expects to incur as follows. Decide on the The cost object in each case is the cheesecake.

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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Question

Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be applied to each of these costs using the table provided.
The cost object in each case is the cheesecake.
Product
Period
Direct
Direct
Factory.
Selling
Administrative
Direct
Indirect
Prime
Conversion
Cost
Cost
Cost
Materials
Labor
Overhead
Expense
Expense
Cost
Cost
Cost
Cost
Eggs used to
make cheesecakes
Baker's wages
Delivery driver
wages
Depreciation of
office computers
Power to run the
cheesecake ovens
President's salary
Sales commissions
Factory supervisor
salary

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