Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs. The Fixed and Variable cost classifications have been provided for you. Item/Cost Direct Material Direct Labor Overhead Period Costs Fixed Variable Salary - Collar maker x Salary - Leash maker x Salary - Harness maker x Salary - Receptionist High-tensile strength nylon webbing x Polyester/nylon ribbons x Buckles made of cast hardware x Depreciation on sewing machines x Rent x Utilities and insurance x Scissors, thread, and cording x Price tags x Office supplies Oter business equipment Loan payment x Salary to self x
Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs. The Fixed and Variable cost classifications have been provided for you. Item/Cost Direct Material Direct Labor Overhead Period Costs Fixed Variable Salary - Collar maker x Salary - Leash maker x Salary - Harness maker x Salary - Receptionist High-tensile strength nylon webbing x Polyester/nylon ribbons x Buckles made of cast hardware x Depreciation on sewing machines x Rent x Utilities and insurance x Scissors, thread, and cording x Price tags x Office supplies Oter business equipment Loan payment x Salary to self x
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 9E: Classify the following costs of activity inputs as variable, fixed, or mixed. Identify the activity...
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Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, |
||||||
The Fixed and Variable cost classifications have been provided for you. | ||||||
Item/Cost | Direct Material |
Direct Labor |
Overhead |
Period Costs | Fixed | Variable |
Salary - Collar maker | x | |||||
Salary - Leash maker | x | |||||
Salary - Harness maker | x | |||||
Salary - Receptionist | ||||||
High-tensile strength nylon webbing | x | |||||
Polyester/nylon ribbons | x | |||||
Buckles made of cast hardware | x | |||||
Depreciation on sewing machines | x | |||||
Rent | x | |||||
Utilities and insurance | x | |||||
Scissors, thread, and cording | x | |||||
Price tags | x | |||||
Office supplies | ||||||
Oter business equipment | ||||||
Loan payment | x | |||||
Salary to self | x | |||||
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