Display Design Incorporated (DDI) is a new company that creates display cases for various types of collectibles. DDI has hired you as an accountant to help measure and evaluate costs. Your first day on the job, they provide you with the following interactive dashboard concerning the prior month's costs. Cost ClassificationVariable68.37%Cost带+ableauFixed31.63%Type of CostWages paid to assembly workersWages paid to paintersPresident's salaryPlastic tubingAssembly supervisor's salaryFactory rentDepreciation for salespersons' vehiclesDepreciation on cutting machinesSales commissionsFactory insuranceUtilities for factoryCompany advertisingProduct82.89%$2,100$1,800$1,500$1,200$800Screws $600Paint $600Sandpaper $350$0$1,000$3,100$4,500$3,800$5,500Period17.11%$7,000$10,000Cost HeaderL₁DLDMMOHΝΑ$0 $10,000 $20,000 $30,000→$20,000$24,000TO回 Required:Utilizing the interactive dashboard, answer the following:Questions1. The highest costs for DDI are:2. Which of the following is a fixed product cost?3. Which of the following are a variable manufacturing overhead cost?4. What is the highest manufacturing overhead cost?5. Fixed products costs total what amount?6. Variable period costs total what amount?AnswersDirect LaborFactory RentSandpaperAssembly Supervisor's Salary

Companies generally incur two types of costs:- Fixed Cost- The cost that remains the same and does…

Answered: Required: Utilizing the interactive…

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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Display Design Incorporated (DDI) is a new company that creates display cases for various types of collectibles. DDI has hired you as an accountant to help measure and evaluate costs. Your first day on the job, they provide you with the following interactive dashboard concerning the prior month's costs.

Cost Classification
Variable
68.37%
Cost
带+ableau
Fixed
31.63%
Type of Cost
Wages paid to assembly workers
Wages paid to painters
President's salary
Plastic tubing
Assembly supervisor's salary
Factory rent
Depreciation for salespersons' vehicles
Depreciation on cutting machines
Sales commissions
Factory insurance
Utilities for factory
Company advertising
Product
82.89%
$2,100
$1,800
$1,500
$1,200
$800
Screws $600
Paint $600
Sandpaper $350
$0
$1,000
$3,100
$4,500
$3,800
$5,500
Period
17.11%
$7,000
$10,000
Cost Header
L₁
DL
DM
MOH
ΝΑ
$0 $10,000 $20,000 $30,000
→
$20,000
$24,000
TO
回

Required:
Utilizing the interactive dashboard, answer the following:
Questions
1. The highest costs for DDI are:
2. Which of the following is a fixed product cost?
3. Which of the following are a variable manufacturing overhead cost?
4. What is the highest manufacturing overhead cost?
5. Fixed products costs total what amount?
6. Variable period costs total what amount?
Answers
Direct Labor
Factory Rent
Sandpaper
Assembly Supervisor's Salary

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