. 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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