Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be applied to each of these costs using the table provided. The cost object in each case is the cheesecake.
Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be applied to each of these costs using the table provided. The cost object in each case is the cheesecake.
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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Question
Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be applied to each of these costs using the table provided. The cost object in each case is the cheesecake.
Cost
|
Product
|
Period
|
Direct
|
Direct
|
Factory
|
Selling
|
Administrative
|
Direct
|
Indirect
|
Prime
|
Conversion
|
|
---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost
|
Materials
|
Labor
|
Overhead
|
Expense
|
Expense
|
Cost
|
Cost
|
Cost
|
Cost
|
|||
Eggs used to make cheesecakes |
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Baker’s wages |
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Delivery driver wages |
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Power to run the cheesecake ovens |
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President’s salary |
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Sales commissions |
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Factory supervisor salary |
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