For each of the following costs, indicate whether the cost would be an out-of-pocket carrying cost (C), or a cost of placing an order (P). If the item does not qualify for either of these categories, note that it as none of the above (N) Assume that wages vary with the level of work while salaries are fixed for a monthly or longer time period. Hourly fee for inventory audit. Salary of purchasing supervisor. Costs to audit purchase orders and invoices, on a per-order basis. Taxes on inventory. Stockout costs. Storage costs charged per unit in inventory. Fire insurance on inventory. Fire insurance on warehouse. Obsolescence costs on inventory. Shipping costs per shipment.

For each of the following costs, indicate whether the cost would be an out-of-pocket carrying cost (C), or a cost of placing an order (P). If the item does not qualify for either of these categories, note that it as none of the above (N) Assume that wages vary with the level of work while salaries are fixed for a monthly or longer time period. Hourly fee for inventory audit. Salary of purchasing supervisor. Costs to audit purchase orders and invoices, on a per-order basis. Taxes on inventory. Stockout costs. Storage costs charged per unit in inventory. Fire insurance on inventory. Fire insurance on warehouse. Obsolescence costs on inventory. Shipping costs per shipment.

Name: For each of the following costs, indicate whether the cost would be an
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Description: For each of the following costs, indicate whether the cost would be an out-of-pocket carrying cost (C), or a cost of placing an order (P). If the item does not qualify for either of these categories, note that it as none of the above (N) Assume that

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 13P: Webster Company uses backflush costing to account for its manufacturing costs. The trigger points...

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