Please help me determine each item on the attached list as either direct material, direct labor, overhead or period costs. Milestone One - Cost ClassificationINSTRUCTIONS:Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs.The Fixed and Variable cost classifications have been provided for you.DirectDirectItem/CostMaterialLaborOverheadPeriod CostsFixedVariableSalary - Collar makerSalary - Leash makerSalary - Harness makerSalary - ReceptionistHigh-tensile strength nylon webbingPolyester/nylon ribbonsBuckles made of cast hardwareDepreciation on sewing machinesRentUtilities and insuranceScissors, thread, and cordingPrice tagsOffice suppliesOter business equipmentLoan paymentSalary to self

Direct material costs are the costs that are related to the material used in the production of the…

Answered: Please help me determine each item on…

Please help me determine each item on the attached list as either direct material, direct labor, overhead or period costs.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 68P: (Appendix 3A) Scattergraph, High-Low Method, Method of Least Squares, Use of Judgment The management...

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Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs. The Fixed and Variable cost classifications have been provided for you. Item/Cost DirectMaterial DirectLabor Overhead Period Costs Fixed Variable Salary - Collar maker x Salary - Leash maker x Salary - Harness maker x Salary - Receptionist High-tensile strength nylon webbing x Polyester/nylon ribbons x Buckles made of cast hardware x Depreciation on sewing machines x Rent x Utilities and insurance x Scissors, thread, and cording x Price tags x Office supplies Oter business equipment Loan payment x Salary to self x
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