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Hel ssifying costs LO C1 Following are costs for eight different items. Costs are shown for three different levels of units produced and sold. Classify each of the eight cost items as either variable, fixed, or mixed. Direct labor Costs for Different Levels of Units Produced and Sold At 0 units Direct materials Rent on factory building Salesperson compensation Factory supervisor salary Factory utilities Insurance on factory building Direct labor Depreciation on factory equipment Direct materials Rent on factory building Salesperson compensation Factory supervisor salary Factory utilities Insurance on factory building Depreciation on factory equipment $ 0 At 2,000 units At 4,000 units $ 12,400 $ 24,800 5,400 5,400 5,400 0 8,400 16,800 3,400 3,400 3,400 5,400 5,400 6,400 6,400 6,400 6,400 340 740 940 1,400 1,400 1,400

Hel ssifying costs LO C1 Following are costs for eight different items. Costs are shown for three different levels of units produced and sold. Classify each of the eight cost items as either variable, fixed, or mixed. Direct labor Costs for Different Levels of Units Produced and Sold At 0 units Direct materials Rent on factory building Salesperson compensation Factory supervisor salary Factory utilities Insurance on factory building Direct labor Depreciation on factory equipment Direct materials Rent on factory building Salesperson compensation Factory supervisor salary Factory utilities Insurance on factory building Depreciation on factory equipment $ 0 At 2,000 units At 4,000 units $ 12,400 $ 24,800 5,400 5,400 5,400 0 8,400 16,800 3,400 3,400 3,400 5,400 5,400 6,400 6,400 6,400 6,400 340 740 940 1,400 1,400 1,400

FINANCIAL ACCOUNTING
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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Hel ssifying costs LO C1 Following are costs for eight different items. Costs are shown for three different levels of units produced and sold. Classify each of the eight cost items as either variable, fixed, or mixed. Direct labor Costs for Different Levels of Units Produced and Sold At 0 units Direct materials Rent on factory building Salesperson compensation Factory supervisor salary Factory utilities Insurance on factory building Direct labor Depreciation on factory equipment Direct materials Rent on factory building Salesperson compensation Factory supervisor salary Factory utilities Insurance on factory building Depreciation on factory equipment $ 0 At 2,000 units At 4,000 units $ 12,400 $ 24,800 5,400 5,400 5,400 0 8,400 16,800 3,400 3,400 3,400 5,400 5,400 6,400 6,400 6,400 6,400 340 740 940 1,400 1,400 1,400
Transcribed Image Text:Hel ssifying costs LO C1 Following are costs for eight different items. Costs are shown for three different levels of units produced and sold. Classify each of the eight cost items as either variable, fixed, or mixed. Direct labor Costs for Different Levels of Units Produced and Sold At 0 units Direct materials Rent on factory building Salesperson compensation Factory supervisor salary Factory utilities Insurance on factory building Direct labor Depreciation on factory equipment Direct materials Rent on factory building Salesperson compensation Factory supervisor salary Factory utilities Insurance on factory building Depreciation on factory equipment $ 0 At 2,000 units At 4,000 units $ 12,400 $ 24,800 5,400 5,400 5,400 0 8,400 16,800 3,400 3,400 3,400 5,400 5,400 6,400 6,400 6,400 6,400 340 740 940 1,400 1,400 1,400
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