What would be the classification of depreciation of office building as to (1) variability, (2) relation to a product, and (3) planning, control and analytical purposes, respectively? * Variable, period cost, sunk cost. Fixed, product cost, out-of-pocket cost. O Variable, product cost, out-of-pocket cost. Fixed, period cost, sunk cost.

What would be the classification of depreciation of office building as to (1) variability, (2) relation to a product, and (3) planning, control and analytical purposes, respectively? * Variable, period cost, sunk cost. Fixed, product cost, out-of-pocket cost. O Variable, product cost, out-of-pocket cost. Fixed, period cost, sunk cost.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Listed below are product costs for production of footballs. Classify each cost as either variable (V) orfixed (F). Machinery depreciation (straight-line).
The following costs have been identified in relation to the production of a product except : Production Cost Design cost Direct cost End of life disposal cost
5
Give a simple example of the production unit depreciation method
Explain the impact of an increase in the level of activity (or cost driver) on (a) total fixed cost and (b) fixed cost per unit of activity.
Classify the following manufacturing costs of Business Solutions as either (a) variable (V) or fixed (F)and (b) direct (D) or indirect (I). Taxes on assembly workshop
Which of the following is not a method of cost absorption? (a) Percentage of direct material cost (b) Machine hour rate (c) Labour hour rate (d) Repeated distribution method
answer quickly
Which of the following is true? • Depreciation cost is always product cost • Depreciation cost is always period cost • Selling expense if always part of period cost, regardless of product costing system • Income under absorption is always greater than variable costing because of deferment of FOH
1. Activity based costing is likely a more advantageous costing methold versus traditonal costing, to facilliate which of the following type of analysis? a) analysis of service organization cost b) analysis of channel profitablity c) analysis of long term profitablity d) analysis for reduction selling price of all products? 2. A ___ is any factor that causes a change in the cost of an activity. a) activity based cost b) cost pool c) cost driver d) standard 3. Which of the following is no a basic cost category for indirect cost? a) inventory financing cost b) Volume related cost c) Product batch cost d) activity based cost
When is depreciation a product cost? When is depreciation a period cost Please Explain both briefly
As a production manager, what reasons would I have to suggest to management if I believe the firm should use unit of production method of depreciation