For each of the following costs, check the type that most likely apply (both variable and fixed might apply for some costs).   - Product Costs   - Direct   - Indirect   - Period   - Variable   - Fixed   a) Raw materials   b) Staples used to secure packed boxes of product   c) Plant janitors wages   d) Order processing clerks wages   e) Advertising expenses   f) Production workers wages   g) Production supervisors salaries

Q: dentify the best description of job order costing.   A practice of substituting an expected cost…

A: Job order costing is a method of costing where the manufacturing cost of each job is identified by…

Q: Identify the following as fixed costs (F), variable costs (V), or mixed costs(M). office salaries…

A: Fixed cost will remain fixed for unit Variable cost will change with change in level of activity…

Q: Which of the following manufacturing costs is an indirect cost of producing a product? Oa. hourly…

A: Indirect cost is the cost which is not directly involved in the making of the goods but is part of…

Q: Which of the following is not a cost resulting from a unit-level activity? a) The cost of…

A: Unit-level activities:Occur each time a single unit of a product or service is produced or…

Q: Which of the following is/are true for the cost flow process? (check all that apply) Cost of goods…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: When computing product costs, direct materials, direct labor, and only variable manufacturing…

A: Correct option:- Data analytics is the study of analyzing data and discovering patterns while big…

Q: Classify each of the following as direct or indirect with respect to traceability to product and as…

A: Direct costs are costs that are directly with the production and manufacturing of goods. Indirect…

Q: A) By behavior B) By function C) By traceability D) By durability 12. Job costing is most likely to…

A: The objective of these questions is to test the understanding of various concepts in cost…

Q: Use a / to categorize each of the following costs. You may have more than one / for each item.…

A: There are majorly three types of costs such as variable costs, fixed costs and semi-variable costs.…

Q: Cost classifications For each of the following costs, check the column(s) thatmost likely apply:Cost…

A: Fixed cost: A fixed cost is a cost incurred by a company that remains fixed irrespective of the…

Q: PART A Classify each cost below as being either variable (VC) or fixed (FC) with respect to the…

A: The costs that changes with the level of production are said to be variable costs and the costs that…

Q: How do I find the "actual variable costs" in a list of transactions? It would be direct labor,…

A: Cost is the expense incurred in the acquisition and conversion of raw materials to finished goods.…

Q: What is a good response to? Indirect expenses, termed overhead costs, are vital for business…

A: here's an alternative approach: Indirect expenses, commonly known as overhead costs, are essential…

Q: Which of the following statements is true? a. Indirect materials and indirect labor are included in…

A: The true statement is "Indirect materials and indirect labor are included in the manufacturing…

Q: 1) Prepare a report showing the overhead cost of the order for heavy-duty trailer axles according to…

A: Under activity-based costing the total cost of overhead is calculated by assigning activity drivers…

Q: APPLY THE CONCEPTS: Determine the total fixed cost Costs that are not tied to changes in production…

A: Fixed costs are those costs which do not change with change in level of activity. For example,…

Q: Under absorption costing, which of the following costs would be included in finished goods…

A: The objective of the question is to identify which costs are included in finished goods inventory…

Q: Traditional Volume-based costing allocates indirect product costs based on the volume of output,…

A: Note: Hello. Since your question has multiple parts, we will solve the first question for you. If…

Q: 2. Sunshine Company sells custom made surf boards in California. The finance manager has supplied…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: For each of the following costs, identify whether it is a Fixed, Variable or Both

A: Introduction to variable cost- Variable cost is one of the costs among fixed cost and semi-variable…

Q: Identify the following as fixed costs (F), variable costs (V), or mixed costs(M). insurance on…

A: Variable cost: A variable cost is an expense that rises or falls in direct proportion to the amount…

Q: Listed below are costs found in various organizations. Required: For each cost item, Indicate…

A: Businesses can determine which expenses are stable such as unaffected by changes in production…

Q: Costs that are not tied to changes in production level across the relevant range are known as "fixed…

A: Total FC always remain constant and does not vary with the production level.

Q: Determine the following is best described as a fixed, variable, or mixed cost with respectto product…

A: Definition: Variable cost: The cost which changes with the change in the level of activity is called…

Q: Standard costs are used in companies for a variety of reasons. Which of the following is a benefit…

A: Standard costs are those which are determined by the entity to have an estimate of various costs…

Q: Circle the following costs that would be included in the cost of a manufactured product according to…

A: The correct option with proper explanation are as follows

Q: 1. Which of the fol absorption costing and variable costing Equipment depreciation. B) Variable…

A: Solution: Unit product cost under variable costing = Direct materials + Direct labor + Variable…

Q: Classify each of the following costs as Product (direct/indirect) or Period and Variable, Fixed or…

A: 1. Product costs are the costs directly incurred from the manufacturing process. Product costs are…

Q: Which one of the following represents a period cost? Fringe benefits associated with factory workers…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: which of the following is typically a mixed cost? a. Rent for a factory building b. Total…

A: Mixed cost is the combination of two cost such as, fixed cost or variable cost so it includes both…

Q: Classify each of the following costs as either unit-level, batch-level, product-level, or…

A: Activities that are completed every time a batch of goods or products is created, or a set of…

Q: Classify each of the following costs as Product (direct/indirect) or Period and Variable, Fixed or…

A: 1. Product costs are the costs directly incurred from the manufacturing process. Product costs are…

Q: Activity-based-costing (ABC) can: Group of answer choices   make managers realize that only products…

A: Activity-based costing: It is a method that helps in finding the activities performed by a company…

Q: a. Salary of quality control supervisor b. Packing supplies for products sold. These supplies are a…

A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you.  If you…

Q: Would a PROCESS COSTING SYSTEM be ideal for a clothing line business? With regard to process…

A: A costing technique in which production is carried out through multiple process with the end product…

Q: Which of the following is not a step st driver rate by the volume of cost w to reduce the costs of…

A: Explanation: Activity based costing is a costing  technique where production is split into different…

Q: Production costs are inclusive of the following EXCEPT   Selling and Distribution Cost Supervisor's…

A: Production  cost is the cost incurred  to produce a product.

Q: fixed costs (F), variable costs (V), or mixed costs(M).

A: Fixed cost - Fixed cost remains constant irrespective of the level of activity. It is an unavoidable…

Q: Which one of the following represents a period cost? a. Fringe benefits associated with factory…

A: Financial statements are statements which states the business activities performed by the company .…

Q: Activity Based Costing (ABC) is an alternative method for allocating costs to products by…

A: Activity based costing is also known as ABC COSTING . Traditional costing applies an predetermined…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.