Classify the following costs as either production or non-production Depreciation of plant and machinery Warehouse wages Carriage outwards Direct material cost Classify the following costs as either direct or indirect Factory rent Factory workers wages Insurance of factory buildings Classify the following costs as either variable, fixed or mixed Landline telephone charges Factory manager salary salesmen commission based on number of products sold

Q: Identify which of the following transactions andevents are product costs and which are period…

A: The costs which can directly be attributed to a product is known as Product costs. The costs which…

Q: true or false. plase answer Assembly line worker’s wages is a controllable cost, product cost,…

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: 1.3 Separation between direct and indirect costs. Sort the costs by matching these in terms:…

A: 📌 Product CostsProduct costs, also known as inventoriable costs, are those costs that are directly…

Q: Below is a table showing the various costs incurred by various companies. In each column, indicate…

A: Solution: Classification and explanation of each cost are as under:

Q: Which of the following is a variable factory overhead expense? Factory Supervisors Salary Indirect…

A: Factory overhead refers to indirect costs incurred in the manufacturing process of a…

Q: Which of the following is an example of a cost that varies in proportion to changes in the activity…

A: Packaging costs is the variable cost which varies with the total output. It will increase with the…

Q: Which of the following items would be classified as part of factory overhead? a. amortization of…

A: a. Amortization of manufacturing patents: The cost spread over time for using patented manufacturing…

Q: Indicate whether the accounts below are used in the cost flow for a manufacturer, a service…

A: The cost of service is part of the service provider and the Cost of goods sold, Factory overhead,…

Q: Which of the following is a part of Prime Cost? a. Direct Labour b. Indirect Wages c. Rent of…

A: Prime cost includes all the direct costs such as direct material, direct labor, and direct expenses.…

Q: Which of the cost below is not classified as fixed cost?   a) Depreciation of machine b)…

A: Fixed cost is the cost which  remains fixed irrespective  of actual production .

Q: Cost Accounting 1. Instruction: Indicate whether the cost is variable or fixed based on behavior;…

A: Cost:- these are the expenses incurred in the production of the goods which have a profit margin are…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.