Chapter 2 Cost-Concepts and Classification Problem 4 Classify ench of the following costs of Bug Company in two ways: (n) as variable (V) fixed costs (F); (b) as inventoriable costs (1) or period costs (P): (a) V or F (b)l or P Example: Direct labor 1. Wood used in bookcases 2. Machine depreciation based on mach. Hrs. 3. Fire insurance on factory equipment 4. Wiring used in radios 5. Indirect materials 6. Sales commissions 7. Bottles used to package liquid 8. Gasoline for a delivery truck 9. Straight-line depreciation of trucks used for delivery of sales to customers 10. Machine operator's hourly wages

Chapter 2 Cost-Concepts and Classification Problem 4 Classify ench of the following costs of Bug Company in two ways: (n) as variable (V) fixed costs (F); (b) as inventoriable costs (1) or period costs (P): (a) V or F (b)l or P Example: Direct labor 1. Wood used in bookcases 2. Machine depreciation based on mach. Hrs. 3. Fire insurance on factory equipment 4. Wiring used in radios 5. Indirect materials 6. Sales commissions 7. Bottles used to package liquid 8. Gasoline for a delivery truck 9. Straight-line depreciation of trucks used for delivery of sales to customers 10. Machine operator's hourly wages

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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Question

classify each of the following costs of queen company in two ways: (a) as variable (v) or fixed costs (f): (b) as inventoriable costs (i) or period costs (p)

Chapter 2 Cost-Concepts and Classification
39
Problem 4
Classify ench of the following costs of Bug Company in two ways: (A) as variable
(V) fixed costs (F); (b) as inventoriable costs (1) or period costs (P):
(a) V or F
blor P
Example: Direct labor
1. Wood used in bookcases
2. Machine depreciation based on mach. Hrs.
3. Fire insurance on factory equipment
4. Wiring used in radios
S. Indirect materials
6. Sales commissions
7. Bottles used to package liquid
8. Gasoline for a delivery truck
9. Straight-line depreciation of trucks used
for delivery of sales to customers
10. Machine operator's hourly wages

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