Chat with AI
Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 7ISBN: 978-0077733773Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 7ISBN: 978-0077733773 Exercise 55
Classification of Costs Following is a list of costs from Oakland Company, a furniture manufacturer:
1. Wood used in chairs
2. Salaries of inspectors
3. Lubricant used in machinery
4. Factory rent
5. Wages of assembly workers
6. Factory workers' compensation insurance
7. Sandpaper
8. Fabric used for upholstery
9. Property taxes on manufacturing plant
10. Depreciation on machinery
Required Classify each cost as direct or indirect assuming that the cost object is each item manufactured. Also indicate whether each cost is a variable or fixed cost.
1. Wood used in chairs
2. Salaries of inspectors
3. Lubricant used in machinery
4. Factory rent
5. Wages of assembly workers
6. Factory workers' compensation insurance
7. Sandpaper
8. Fabric used for upholstery
9. Property taxes on manufacturing plant
10. Depreciation on machinery
Required Classify each cost as direct or indirect assuming that the cost object is each item manufactured. Also indicate whether each cost is a variable or fixed cost.
Explanation
Verified
Verified
Direct Cost: Direct costs are directly t...
Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
