Question

Classify each of the following independent costs as a product or period costs and whether they...

Classify each of the following independent costs as a product or period costs and whether they are variable cost or fixed cost:

A. Depreciation using the units of production method on packaging equipment.

B. Sheet aluminum used in making airplanes.

C. Wages of assembly line workers.

D. Salaries of plant security guards.

E. Insurance for employees on the automotive assembly line.

F. Straight-line Depreciation on the corporate office building.

G. Factory heating costs.

H. Adverting costs incurred by Adams Cable Company.

I. Wages of finished goods quality inspectors at a breakfast cereal processor.

J. President’s Salary of a wheat mill.

Business   Accounting   
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Answer #1
Cost Product/Period Variable/Fixed
a. Depreciation Product   Variable   
B. Sheet aluminium used in making airplane Product Variable
c. wages for assembly workeers Product Variable
d. Salary of plant security guard Product Fixed
e. Insurance for employees Product Fixed
f. SLM depreciaton n Office buiding Period Fixed
g. factory Heating cost Product Variable
h. Advertising cost incurred by Adams Cable company Period fixed
i. Wages of finished goods quality inspector Period Fixed
j. President salary Period Fixed
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