Classify the following costs into engineered, committed and discretionary costs 2 Wages of employees in manufacturing Cost of timber in furniture manufacturing Salary of CEO Cost of heating in factory Salary of sales employees Depreciation of machinery in production Rent of factory building Wages of designers Car hire Cost of yearly Christmas party Cost of repairing machinery committed discretionary Engineered ( A tttttttttttt tttttttttttt

Classify the following costs into engineered, committed and discretionary costs 2 Wages of employees in manufacturing Cost of timber in furniture manufacturing Salary of CEO Cost of heating in factory Salary of sales employees Depreciation of machinery in production Rent of factory building Wages of designers Car hire Cost of yearly Christmas party Cost of repairing machinery committed discretionary Engineered ( A tttttttttttt tttttttttttt

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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Classify each of the following costs as Product (direct/indirect) or Period and Variable, Fixed or Mixed. Costs Raw materials Staples used to secure packed boxes of product Plant janitors' wages Order processing clerks' wages Advertising expenses Production workers' wages Production supervisors' salaries Sales force commissions Maintenance supplies used President's salary Electricity cost for office building Real estate taxes for Factory Real estate taxes for Office building Product-direct Product-indirect Period Period Variable Fixed Variable Fixed
Which one of the following discretionary fixed cost? The salary of the deputy manager of the factory plant .The depreciation cost of the Headquarters offices The property taxes of the factory plant the cost of accounting system of the company .None of the given answers
please give answer A to E but dont in image format
23. Which of the following costs is relevant to a make-or-buy decision of a particular part of a product? a.The direct labor costs used to manufacture the part b.The depreciation on the plant used to manufacture the part c.The fixed annual rent paid for the office building d.The salary of the sales manager who sells the product
Indicate whether each cost is: A. Fixed or Variable b. Selling, General/Administrative, or Manufacturing
(me following monation applies to the questions displayed below.j The following cost data for the year just ended pertain to Sentiments, Incorporated, a greeting card manufacturer: Direct material Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor: wages Production supervisor's salary Service department costs* Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for production supervisor Total overtime premiums paid Cost of idle time: production employees Administrative costs Rental of office space for sales personnelt Sales commissions Product promotion costs Required: 1. Compute each of the following costs for the year just ended: All services are provided to manufacturing departments. $Cost of idle time is an overhead item; it is not included in the direct-labor wages given above. *The rental of sales space was made necessary when the sales offices were converted to storage…
Which of the following costs at a manufacturing company would be treated as a product cost under variable costing? Multiple Choice direct material cost property taxes on the factory building sales manager's salary sales commissions
Which of the following costs is best classified as a fixed cost with respect to volume of activity? (See your Chapter 20 notes, page 5) Direct labor Electricity used to heat, light, and cool a factory Cleaning supplies used in an automobile assembly plant Straight-line depreciation expense of a machine used in a factory Total cost of salaries paid to quality inspectors in a manufacturing plant Tires used in an automobile manufacturing plant
Please do not give solution in image format thanku
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Under variable costing, which of the following costs would not be included in finished goods inventory? a. electricity used by factory machinery b. steel costs for a machine tool manufacturer c. salary of factory supervisor d. wages of machine operator