QUESTION 2. Listed here are product costs for the production of soccer balls. Classify cach cost (a) as either fixed or variable and (b) as either direct or indirect. Product Cost Cost by Behavior Variable Cost by Traceability Fixed Direct Indirect 1. Taxes on factory 2. Machine depreciation 3. Wages of assembly workers 4. Leather covers for soccer balls 5. Annual flat fee paid for office security 6. Wages of factory supervisors 144 1OF 4
QUESTION 2. Listed here are product costs for the production of soccer balls. Classify cach cost (a) as either fixed or variable and (b) as either direct or indirect. Product Cost Cost by Behavior Variable Cost by Traceability Fixed Direct Indirect 1. Taxes on factory 2. Machine depreciation 3. Wages of assembly workers 4. Leather covers for soccer balls 5. Annual flat fee paid for office security 6. Wages of factory supervisors 144 1OF 4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me do excercise 2
Transcribed Image Text:Nro Pro
Find
Add
Tools
Document Faonte Tools
Pr at
FINAL REVISION
QUESTION 1.
The production budget for Zink Company shows units to be produced as follows: July, 620%;
August, 680; September, 540. Each unit produced requires two hours of direct labor. The
direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in Septembe
Prepare a direct labor budget for the months July, August, and September.
QUESTION 2.
Listed here are product costs for the production of soccer balls. Classify cach cost (a) as cither
fixed or variable and (b) as either direct or indirect.
Cost by Traceability
Indirect
Product Cost
Cost by Behavior
Variable
Fixed
Direct
1. Taxes on factory
2. Machine depreciation
3. Wages of assembly workers
4. Leather covers for soccer balls
5. Annual flat fee paid for office security
6. Wages of factory supervisors
144
1 OF 4
A DO
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education