. Enter the dollar amount of each cost item under the dp tems in the preceding list. Note that each cost item is classified in two ways: first, as variable or fixed, with respect to the nu units produced and sold, and, second, as a selling and administrative cost or a product cost. (If the item is a product cost, it be classified as either direct or indirect as shown.) Selling and Administrative Cost Cost Behaviour Product Cost Cost Item Variable Fixed Direct Indirect Factory labour, direct Advertising Factory supervision Property taxes, factory building Sales commissions 2$ 126,500 2$ 126,500 51,700 51,700 Insurance, factory Depreciation, office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building General office supplies (billing) General office salaries Direct materials used (wood, bolts, etc.) Utilities, factory Total costs
. Enter the dollar amount of each cost item under the dp tems in the preceding list. Note that each cost item is classified in two ways: first, as variable or fixed, with respect to the nu units produced and sold, and, second, as a selling and administrative cost or a product cost. (If the item is a product cost, it be classified as either direct or indirect as shown.) Selling and Administrative Cost Cost Behaviour Product Cost Cost Item Variable Fixed Direct Indirect Factory labour, direct Advertising Factory supervision Property taxes, factory building Sales commissions 2$ 126,500 2$ 126,500 51,700 51,700 Insurance, factory Depreciation, office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building General office supplies (billing) General office salaries Direct materials used (wood, bolts, etc.) Utilities, factory Total costs
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 30P: Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following...
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