Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each cost as either a period or a product cost. Cost Item Predicting Cost Behavior Preparing Financial Statements 1.Hamburger buns in a Wendy’s restaurant. 2.Advertising by a dental office. 3.Apples processed and canned by Del Monte. 4.Shipping canned apples from a Del Monte plant to customers. 5.Insurance on a Bausch & Lomb factory producing contact lenses. 6.Insurance on IBM’s corporate headquarters. 7.Salary of a supervisor overseeing production of printers at Hewlett-Packard. 8.Commissions paid to automobile salespersons. 9.Depreciation of factory lunchroom facilities at a General Electric plant. 10.Steering wheels installed in BMWs.
Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each cost as either a period or a product cost.
Cost Item Predicting Cost Behavior Preparing Financial Statements
1.Hamburger buns in a Wendy’s restaurant.
2.Advertising by a dental office.
3.Apples processed and canned by Del Monte.
4.Shipping canned apples from a Del Monte plant to customers.
5.Insurance on a Bausch & Lomb factory producing contact lenses.
6.Insurance on IBM’s corporate headquarters.
7.Salary of a supervisor overseeing production of printers at Hewlett-Packard.
8.Commissions paid to automobile salespersons.
9.Depreciation of factory lunchroom facilities at a General Electric plant.
10.Steering wheels installed in BMWs.
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