Question

Indicate which category the following costs fit into: Property Taxes, factory Salespersons' commissions Supervisor's salary, factory...

Indicate which category the following costs fit into:

Property Taxes, factory

Salespersons' commissions

Supervisor's salary, factory

Wages of workers, assembly

Wages of receptionist, office

Thread in a garment factory

Lubricants for equipment

Executive life insurance

Monthly advertising cost

Salary of accountant

All of the above need to be known as (fixed or variable), (administrative expense, manufacturing expense or selling expense) and (direct manufacturing, indirect manufacturing, or none)

For example, Property Tax is Fixed, administrative cost, and indirect manufacturing. So on and so forth...

Business   Accounting   
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Answer #1
Property Taxes, factory Fixed Manufacturing expense Indirect manufacturing
Salespersons' commissions Variable Selling expense None
Supervisor's salary, factory Fixed Manufacturing expense Indirect manufacturing
Wages of workers, assembly Variable Manufacturing expense Direct manufacturing
Wages of receptionist, office Fixed Administrative expense None
Thread in a garment factory Variable Manufacturing expense Indirect manufacturing
Lubricants for equipment Variable Manufacturing expense Indirect manufacturing
Executive life insurance Fixed Administrative expense None
Monthly advertising cost Fixed Selling expense None
Salary of accountant Fixed Administrative expense None

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