Listed here are product costs for production of soccer balls. Classif Product Cost 1. Rubber bladder interior for balls 2. Factory building rent 3. Wages of factory machine operators 4. Factory insurance used up 5. Needles used in stitching soccer balls 6. Annual flat fee paid for factory cleaning 7. Wages of factory maintenance workers 8. Factory utilities 9. Annual flat fee paid for factory security 10. Wages of product assembly workers Direct or Indirect

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

2.

Listed here are product costs for production of soccer balls. Classify each cost as either direct or indirect.
Product Cost
1. Rubber bladder interior for balls
2. Factory building rent
3. Wages of factory machine operators
4. Factory insurance used up
5. Needles used in stitching soccer balls
6. Annual flat fee paid for factory cleaning
7. Wages of factory maintenance workers
8. Factory utilities
9. Annual flat fee paid for factory security
10. Wages of product assembly workers
Direct or Indirect
Transcribed Image Text:Listed here are product costs for production of soccer balls. Classify each cost as either direct or indirect. Product Cost 1. Rubber bladder interior for balls 2. Factory building rent 3. Wages of factory machine operators 4. Factory insurance used up 5. Needles used in stitching soccer balls 6. Annual flat fee paid for factory cleaning 7. Wages of factory maintenance workers 8. Factory utilities 9. Annual flat fee paid for factory security 10. Wages of product assembly workers Direct or Indirect
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education