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Category > Accounting Posted 05 May 2017 My Price 8.00

Listed here are the total costs associated with the 2011 production

Listed here are the total costs associated with the 2011 production of 1,000 drum sets manufactured by NeatBeat. The drum sets sell for $470 each. (Assume there is no ending inventory in the year 2011.)

  Costs
1. Plastic for casing"$22,000
2. Wages of assembly workers"$85,000.
3. Property taxes on factory"$5,000
4. Accounting staff salaries"$42,000
5. Drum stands (1,000 stands outsourced)"$31,000
6. Rent cost of equipment for sales staff"$24,000
7. Upper management salaries"$155,000
8. Annual flat fee for maintenance service"$19,000
9. Sales commissions"$18 per unit
10. Machinery depreciation"$42,000
Required:
1.

Classify each cost and its amount as (a) either fixed or variable and (b) either product or period. (The first cost is completed as an example.) (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

    Cost by Behavior   Cost by Function  
   
 
 
  Costs Variable Fixed   Product Period  
1. Plastic for casing $ 22,000     $ 22,000    
2. Wages of assembly workers                
3. Property taxes on factory     $          
4. Accounting staff salaries             $  
5. Drum stands                
6. Rent cost of equipment for sales staff                
7. Upper management salaries                
8. Annual flat fee paid for maintenance service                
9. Sales commissions                
10. Machinery depreciation                
 
 
 

 

Answers

Alpha Geek
(8)
Status NEW Posted 05 May 2017 11:05 AM My Price 8.00

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file 1493984735-Answer.docx preview (232 words )
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