Q1 Thomas Traders WLL provide you with thefollowing cost items. Analyse the costdescription in Column No.1 and classify thecost in the appropriate column by putting "x"markDirect DirectFactoryAdministrationmateriallabour OHSelling &DistributionCost ItemOHOHElectricityused inheating infactoryAutomobileserviceexpensesforcustomersin carsellingcompanyWages of amason in abuildingprojectCarbatteriesused byToyotacompanyto makecarsCleaningliquidsused toclean thefactoryfloorWages of aforkliftoperator ina plant thatmakes carsSalary tothe generalmanagerCost ofprintingsalesbrochures

Cost classification means grouping costs according to their common features. Direct materials are…

Thomas Traders WLL provide you with the following cost items. Analyse the cost description in Column No.1 and classify the cost in the appropriate column by putting "x" mark Direct DirectFactoryAdministration Cost Item materiallabour OH Selling & Distribution он он Electricity used in

Thomas Traders WLL provide you with the following cost items. Analyse the cost description in Column No.1 and classify the cost in the appropriate column by putting "x" mark Direct DirectFactoryAdministration Cost Item materiallabour OH Selling & Distribution он он Electricity used in

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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Question

Thomas Traders WLL provide you with the
following cost items. Analyse the cost
description in Column No.1 and classify the
cost in the appropriate column by putting "x"
mark
Direct DirectFactoryAdministration
materiallabour OH
Selling &
Distribution
Cost Item
OH
OH
Electricity
used in
heating in
factory
Automobile
service
expenses
for
customers
in car
selling
company
Wages of a
mason in a
building
project
Car
batteries
used by
Toyota
company
to make
cars
Cleaning
liquids
used to
clean the
factory
floor
Wages of a
forklift
operator in
a plant that
makes cars
Salary to
the general
manager
Cost of
printing
sales
brochures

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