Question

Classify the costs according to the headings in the columns               C    O    S    T C  ...

  1. Classify the costs according to the headings in the columns

              C    O    S    T C   L   A    S      S    I    F     I    C     T     I      O     N

Cost element

Function

Product cost

Period cost

Cost behaviour

Direct material K120

Indirect material K50

Direct labour K180

Indirect labour K30

Administrativeexpenses K240

Marketing expenses K300

Research anddevelopment K200

Total

                                                                                                                                    

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

COST CLASSIFICATION

All the best...

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Classify the costs according to the headings in the columns COST CLASSIFICTION Cost element Function Product...
Classify the costs according to the headings in the columns COST CLASSIFICTION Cost element Function Product cost Period cost Cost behaviour Direct material K120 X Indirect material K50 Direct labour K180 Indirect labour K30 Administrative expenses K240 Marketing expenses K300 Research anddevelopment K200 Total
8. Classify each of the following costs as a period cost or a product cost. If...
8. Classify each of the following costs as a period cost or a product cost. If you classify the cost as a product​ cost, further classify it as direct material​ (DM), direct labor​ (DL), or manufacturing overhead​ (MOH). ​(If the cost is a period​ cost, leave the classification box​ empty; do not select a​ label.) Period cost If product cost, or product cost DM, DL or MOH a1. Property taxes—30% of building is used for sales, marketing, and administrative offices...
Consider the parametric curve given by x ( t ) = e t c o s...
Consider the parametric curve given by x ( t ) = e t c o s ( t ) , y ( t ) = e t s i n ( t ) , t ≥ 0. Find the arc-length of this curve over the interval 0 ≤ t ≤ 3.
1. Costs that are expensed when incurred are called: A. product costs. B. direct costs. C....
1. Costs that are expensed when incurred are called: A. product costs. B. direct costs. C. inventoriable costs. D. period costs. E. indirect costs 2. The accounting records of Manning Company revealed the following costs: direct materials used, $250,000; direct labor, $425,000; manufacturing overhead, $375,000; and selling and administrative expenses, $220,000. Ehrlich’s product costs total: A. $675,000. B. $1,050,000. C. $895,000. D. $1,270,000. E. None of the answers is correct 3. How should a company that manufactures automobiles classify its...
Labor Relations- Chapter 5- G o v e r n m e n t s ,...
Labor Relations- Chapter 5- G o v e r n m e n t s , L a b o u r R e l a t i o n s B o a r d s , a n d O t h e r P a r t i e s Case Study- Quality Inn & Suites Brantford v. UFCW Local 175 In January 2012 the Ontario Labour Relations Board was asked to consider an application for the...
Classify each of Georgia-Pacific’s costs below as either an inventoriable product cost (direct or indirect) or...
Classify each of Georgia-Pacific’s costs below as either an inventoriable product cost (direct or indirect) or a period cost (selling or administrative) and also as either a variable or a fixed cost. You should have two check marks (or “X”s) for each listed cost below. As an example, the first one in the list has been completed for you. Note that each item is classified in two ways: first, as either variable or fixed with respect to the number of...
Identify and classify all the costs between 1. direct or indirect, 2. product cost or period...
Identify and classify all the costs between 1. direct or indirect, 2. product cost or period cost 3.fixed, mixed, or variable In a company that manufactures tables - Administrative Office Rent 20 k a year - Warehouse rent for 30k a year - Admin Staff -200k a year - Outsourced Firm managing sales charging commision of 90 dollars per sale - Invoicing System outsourced - $1 per sale - Admin Office miscelanous expenses of 7k ( stationary ) expected to...
The following is a list of various costs of producing T-shirts. Classify each cost as either...
The following is a list of various costs of producing T-shirts. Classify each cost as either a variable, fixed, or mixed cost for units produced and sold. a. Ink used for screen printing b. Warehouse rent of $8,000 per month plus $0.50 per square foot of storage used c. Thread d. Electricity costs of $0.038 per kilowatt-hour e. Janitorial costs of $4,000 per month f. Advertising costs of $12,000 per month g. Accounting salaries h. Color dyes for producing different...
Labor Relations- Chapter- C o l l e c t i v e B a r...
Labor Relations- Chapter- C o l l e c t i v e B a r g a i n i n g R i g h t s Case study- Gros Morne Electric Gros Morne Electric is an electrical contractor that does work in the residential construction industry. All of the company’s work comes from non-union general contractors. The company pays wages that are approximately 20 percent lower than the union rate of pay. The International Brotherhood of Electrical...
The following is a list of costs incurred by several different businesses. a) The cost of...
The following is a list of costs incurred by several different businesses. a) The cost of cotton used in the production of shirts. b) Maintenance costs for factory equipment. c) The annual salary for the three factory managers. d) Depreciation on marketing equipment. e) Cost of Wages for the laborers hired to bottle beer in the brewery plant. f) Telephone charges of the CEO’s office. g) Depreciation of tools used in production. h) Rent on the head office building. i)...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT