Please indicate for each of the following items whether it falls under direct ma

Question

Please indicate for each of the following items whether it falls under direct material direct labor, or factory overhead. 1. If it is a direct material, put "yes" under direct material and "No" under direct labor 2. Tell whether each item belongs to product cost or period cost. If it is a product cost, 3. Indicate whether each item is a variable cost or fixed cost. If it is a variable cost, put and factory overhead and so on and so forth. put "yes" under Product cost and "No" under Period cost and vice versa. "yes" under Variable cost and "No" under Fixed cost and vice versa. Just follow the example I gave you below Direct Direct Factory Product Period Variable Fixed Cos tems Material Labor Overhead Cost Cost Cost Example: Yes No No Yes No Yes No Fabrics to make a shirt Wood to make a table eads in a shirt s wages Factory manager's salary Salesmen's salary Salesman's commission Factory rent CEO's salary Salary to executive's secretary indows in a house

Explanation / Answer

items direct direct factory product period variable fixed material labour overheads cost cost cost cost Example: fabrics to make a shirt yes no no yes no yes no wood to make a table yes no no yes no yes no threads in a shirt yes no no yes no yes no assemblers wages no YES no yes no yes no factory manager salary no no yes no yes no yes salesman salary no no no no yes no yes saleman commission no no no yes NO yes no factory rent no no yes no yes no yes ceo's salary no no no no yes no yes salary to executive's secretary no no no no yes no yes windows in a house no no no no no no no

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