Reference no: EM132648666
Required:
Question 1: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it would typically be treated as a direct cost or an indirect cost with respect to units of product. Three sample answers are provided for illustration at beginning of the table. Select; if none of the categories apply for a particular item. Following are a number of costs typically found in organizations: Cost Item Cost Behaviour Classification Manufacturing Product) Cost Direct labour Variable None Direct cost Executive salaries Fixed Administrative cost None Factory rent Fixed None Indirect cost
1. Property taxes, corporate office
2. Boxes used for packaging detergent
3 Sales people's commissions
4. Production supervisor's salary
5. Depreciation, executive automobiles
6. Wages of workers assembling computers
7. Packing supp lies for out-of-province shipments
8 Insurance, finished goods warehouses
9. Depreciation, Office computers
10 Advertising costs
11 Chips used in producing calculators
12 Shipping costs on merchandise sold
13 Magazine subscriptions, factory lunchroom
14 Velcro in a garment factory 15 Billing costs
16 Executive life insurance
17 Software used in textbook production
18 Fringe benefits, assembly line workers
19 Yam used in sweater production
20 Wages of receptionist, executive offices
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