Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 15 Aug 2017 My Price 12.00

Myrtle Beach Golf Equipment, Inc.

Problem 1

Several costs incurred by Myrtle Beach Golf Equipment, Inc. are listed below. For each cost, indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. For example, a cost may be both a variable cost and a product cost.

Cost Classifications

a.      Variable

b.      Fixed

c.      Period

d.      Product

e.      Administrative

f.      Selling

 

 

 

g.      Manufacturing

h.      Research and development

i.      Direct material

j.      Direct labor

k.      Manufacturing overhead

 

Cost Items

1.      Metal used in golf clubs.

2.      Salary of the plant manager.

3.      Cost of natural gas used to heat factory.

4.      Commissions paid to sales personnel.

5.      Wages paid to employees who assemble golf bags.

6.      Salary of an engineer who is working on a prototype of a new solar-powered golf cart.

7.      Depreciation on the word processing equipment used by the company president’s secretary.

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Aug 2017 09:08 AM My Price 12.00

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