Cost Item 1 Bicycle tires and wheels. 2 Wages of assembly worker*. 3 Advertising 4 Production manager's salary. 5 Office depreciation.. 6 Factory depreciation (straight-line) 7 8 Oil and grease applied to gears/chainst Sales commissions... Fixed or Variable Direct or Indirect Note: (1) In textbook, "Advertising" is a fixed cost. In reality, it can be both (depends) (2) "Wages" pay by the hour (the more you work, the more you get paid) (3) "Salaries" pay by the fixed amount (no matter how many overtime hours you work, your salary amount remains unchanged) (4) "Sales Commissions" (selling cost): the more a sales person sells, the more commission (bonus) he or she will receive. Product or Period
Cost Item 1 Bicycle tires and wheels. 2 Wages of assembly worker*. 3 Advertising 4 Production manager's salary. 5 Office depreciation.. 6 Factory depreciation (straight-line) 7 8 Oil and grease applied to gears/chainst Sales commissions... Fixed or Variable Direct or Indirect Note: (1) In textbook, "Advertising" is a fixed cost. In reality, it can be both (depends) (2) "Wages" pay by the hour (the more you work, the more you get paid) (3) "Salaries" pay by the fixed amount (no matter how many overtime hours you work, your salary amount remains unchanged) (4) "Sales Commissions" (selling cost): the more a sales person sells, the more commission (bonus) he or she will receive. Product or Period
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hello, can I have help with filling this out? Plus explanations?
Transcribed Image Text:Cost Item
1 Bicycle tires and wheels...
2 Wages of assembly worker*.
3 Advertising .....
4 Production manager's salary
5 Office depreciation......
6 Factory depreciation (straight-line) ..
7 Oil and grease applied to gears/chainst .
Sales commissions..
8
Fixed or Variable
Direct or Indirect
Note: (1) In textbook, "Advertising" is a fixed cost. In reality, it can be both (depends)
(2) "Wages" pay by the hour (the more you work, the more you get paid)
(3) "Salaries" pay by the fixed amount (no matter how many overtime hours you work, your salary amount remains unchanged)
(4) "Sales Commissions" (selling cost): the more a sales person sells, the more commission (bonus) he or she will receive.
Product or Period
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