I need the answer as soon as possible 1. Classify the costs in the items below using the following format below. Identifythe right answer and put an XItemDirectDirectManufacturinPeriodPeriod CostOpportunitSunkDifferentialMaterialLaborg OverheadCost(Administrativy CostCostCost(Produc (Product Cost)t Cost)(Selline cost)(Productg cost)Cost)CD Company is a shirt manufacturing company producing and selling different typesof shirts to customers around the world. Some of their cost items are listed below:7. The cost of manufacturing buttons compared with the cost of buying them from external supplier.8. The rent foregone due to the decision to use the factory space rather than renting it.9. The sales commission paid to the sales people.10. Depreciation on equipment used to manufacture the shirts.11. Heat, water and power used in the factory.12. The salary of the accountant13. The lease cost of the building which is used for administrative and manufacturing purpose.14. The boxes which are used to package the shirts.15. The cost of shipping the boxes of shirts to the customers.

The components of cost can be presented in the form of a statement, i.e., a Cost Sheet. Such…

1. Classify the costs in the items below using the following format below. Identify the right answer and put an X em Direct Direct Manufacturin Period Period Cost Opportunit Sunk Differential Material Labor g Overhead Cost (Administrativ y Cost Cost Cost (Produc (Product Cost) (Sellin t Cost) e cost) (Product g cost) Cost) CD Company is a shirt manufacturing company producing and selling different types of shirts to customers around the world. Some of their cost items are listed below:

1. Classify the costs in the items below using the following format below. Identify the right answer and put an X em Direct Direct Manufacturin Period Period Cost Opportunit Sunk Differential Material Labor g Overhead Cost (Administrativ y Cost Cost Cost (Produc (Product Cost) (Sellin t Cost) e cost) (Product g cost) Cost) CD Company is a shirt manufacturing company producing and selling different types of shirts to customers around the world. Some of their cost items are listed below:

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 5E: From the choices presented in parentheses, choose the appropriate term for completing each of the...

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