Listed here are product costs for the production of soccer balls. Classify each cost (a) as either variable(V) or fixed (F) and (b) as either direct (D) or indirect (I). What patterns do you see regarding the relationbetween costs classified in these two ways?Product Cost 1. Leather covers for soccer balls . . . . . . . . . . . . . . . . . . . . . .2. Annual flat fee paid for office security3. Coolants for machinery4. Wages of assembly workers5. Thread to hold leather together6. Taxes on factory .7. Machinery depreciation (straight-line) .
Listed here are product costs for the production of soccer balls. Classify each cost (a) as either variable(V) or fixed (F) and (b) as either direct (D) or indirect (I). What patterns do you see regarding the relationbetween costs classified in these two ways?Product Cost 1. Leather covers for soccer balls . . . . . . . . . . . . . . . . . . . . . .2. Annual flat fee paid for office security3. Coolants for machinery4. Wages of assembly workers5. Thread to hold leather together6. Taxes on factory .7. Machinery depreciation (straight-line) .
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Listed here are product costs for the production of soccer balls. Classify each cost (a) as either variable
(V) or fixed (F) and (b) as either direct (D) or indirect (I). What patterns do you see regarding the relation
between costs classified in these two ways?
Product Cost
1. Leather covers for soccer balls . . . . . . . . . . . . . . . . . . . . . .
2. Annual flat fee paid for office security
3. Coolants for machinery
4. Wages of assembly workers
5. Thread to hold leather together
6. Taxes on factory .
7. Machinery
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