Cost classification, Outer Banks Shirt Shop produces

Cost classification

Assignment Help Finance Basics

Reference no: EM1353795

Outer Banks Shirt Shop manufactures T-shirts and decorates them with custom designs for retail sale on the premises. Several costs incurred by the company are listed below.

Match the following cost classification with the cost Item listed below. A cost item may have more than one cost classification.

COST CLASSIFICATION

a. Variable cost

b. Fixed cost

c. Direct Material

d. Direct labor

e. Indirect labor

f. Period

g. Product

h. Administrative

i. Selling

j. Manufacturing

k. Research and Development

l. Manufacturing Over Head

COST ITEM

____ 1. Cost of fabric used in T-shirts.

____ 2. Wages of shirt makers.

____ 3. Cost of new sign in front of retail T-shirt shop.

____ 4. Wages of the employee who repairs the firm's sewing machines.

____ 5. Cost of electricity used in the sewing department.

____ 6. Wages of T-shirt designers and painters.

____ 7. Wages of salaried personnel.

____ 8. Depreciation on sewing machines.

____ 9. Rent on the portion of the building use to make the T-shirts.

____ 10. Cost of daily advertisements in local media.

____ 11. Wages of designers who experiment with new fabrics, paints, and T-shirt designs.

____ 12. Cost of hiring a pilot to fly along the beach pulling a banner advertising the shop.

____ 13. Salary of owner's secretary.

____ 14. Cost of insurance for the production employees.

Reference no: EM1353795

Questions Cloud

Therapeutic technique used : According to Freud, which is more important: the patient-therapist relationship or the therapeutic technique used?

Illustrate the supply and demand table for this scenario : when a cold snap hits florida, the price of orange juice rises in the supermarkets throughout the country. Illustrate the supply and demand table for this scenario.

Importance of culture in health care organizations : Please provide a report on the importance of culture in health care organizations and describe common and unique characteristics of organizational culture among health care organizations with 3 to 4 slides with notes and 2 references in apa format..

Exsplain which part of the process do you spend more time on : Exsplain Which part of the process do you spend more time on: revising, editing, or proofreading? Why?

Cost classification : Outer Banks Shirt Shop produces T-shirts and decorates them with custom designs for retail sale on the premises. Several costs incurred through corporations are listed below.

Compute the magnification of the image : The engine weighs 4500 newtons and it is lifted 1.5 meters up by the block and tackle system. The mechanic must apply a force of 225 newtons while pulling a total of 37.5 meters of chain by the block and tackle pulley system. What is the work done..

Importance of corporate culture to various stakeholders : Importance of Corporate Culture To Various Stakeholders - Why should corporate culture and the potential of ethical and legal issues be of concern to a job candidate?

Write down equation of tr curve and then plot tr curve : Assume that the industry is monopolized by only one company. Write the equation of the TR curve and then plot the TR curve(with Q along the horizontal axis and TR along the vertical axis) for this company. Comment on the shape of the TR curve.

Psychology prospered in the united states : Why have subdisciplines such as clinical psychology, industrial/organizational psychology, forensic psychology, and comparative psychology prospered in the United States?

User Account

All Pages