Cost Accounting 1. Instruction: Indicate whether the cost is variable or fixed based on behavior; period cost: selling and administrative cost or product cost: direct or indirect. Use the table provided for your answer. Behavior Period Cost Product Cost Cost Variable Fixed Selling Admin Direct Indirect Boxes used for packaging finished costs Cloth used in T-shirt Depreciation of delivery equipment Depreciation of executive cars Factory Supplies Fringe Benefits of assembly line workers Fringe benefits of office employees Ink used in textbooks Insurance of finished goods warehouses Lubricants used for machines Microchips used in producing cellphones Office Supplies President's life insurance Property taxes of factory building Salesman commissions Shipping costs on merchandise sold Supervisors' salaries, factory Wages of tontdesk officers Wages of laborers Wages of workers in the assembly line Wood used in the production cabinets Glue in the production tables Lease of office building Insurance on a building used in producing cars Lease of factory equipment

Cost Accounting 1. Instruction: Indicate whether the cost is variable or fixed based on behavior; period cost: selling and administrative cost or product cost: direct or indirect. Use the table provided for your answer. Behavior Period Cost Product Cost Cost Variable Fixed Selling Admin Direct Indirect Boxes used for packaging finished costs Cloth used in T-shirt Depreciation of delivery equipment Depreciation of executive cars Factory Supplies Fringe Benefits of assembly line workers Fringe benefits of office employees Ink used in textbooks Insurance of finished goods warehouses Lubricants used for machines Microchips used in producing cellphones Office Supplies President's life insurance Property taxes of factory building Salesman commissions Shipping costs on merchandise sold Supervisors' salaries, factory Wages of tontdesk officers Wages of laborers Wages of workers in the assembly line Wood used in the production cabinets Glue in the production tables Lease of office building Insurance on a building used in producing cars Lease of factory equipment

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 5E: From the choices presented in parentheses, choose the appropriate term for completing each of the...

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q2
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