Various costs associated with the operation of factories

Assignment Help Accounting Basics

Reference no: EM13591791

Various costs associated with the operation of factories are given below. Classify each cost as either variable or fixed with respect to the number of units produced and sold. Also indicate whether each cost would typically be treated as a direct cost or an indirect cost with respect to units of product. List each numbered item with either a "V" for variable or an "F" for fixed and either a "D" for direct cost or "I" for indirect cost so for example: 1. VD, 2. FI, etc.

1. Electricity to run production equipment
2. Rent on a factory building
3. Cloth used to make drapes
4. Production superintendent's salary
5. Wages of laborers assembling a product
6. Depreciation of air purification equipment used to make furniture
7. Janitorial salaries
8. Peaches used in canning fruit
9. Lubricants for production equipment
10. Sugar used in soft-drink production
11. Property taxes on the factory
12. Wages of workers painting a product
13. Depreciation on cafeteria equipment
14. Insurance on a building used in producing helicopters
15. Cost of rotor blades used in producing helicopters

Reference no: EM13591791

Questions Cloud

Dawns new car has a fmv of 20000 and it weighs 3000 pounds : dawns new car has a fmv of 20000 and it weighs 3000 pounds. the county also assessed a property tax on the car. the tax

How many cubic inches of ice cream can an ice cream cone : how many cubic inches of ice cream can an ice cream cone hold within the cone if its height is 4 inches and the

Calculate the mass of co2 emitted into the atmosphere upon : question a large sport utility vehicle has a mass of 2700 kg.calculate the mass of co2 emitted into the atmosphere upon

On january 1 2013 wellburn corporation leased an asset from : on january 1 2013 wellburn corporation leased an asset from tabitha company. the asset originally cost tabitha 390000.

Various costs associated with the operation of factories : various costs associated with the operation of factories are given below. classify each cost as either variable or

From the following data determine for the current year the : from the following data determine for the current year the a rate earned on total assets b rate earned on stockholders

How many liters of pure oxygen gas measured at 452 oc and : how many liters of pure oxygen gas measured at 45.2 oc and 104.0 kpa are required for the complete combustion of 5.60

Xyz company leased equipment to west corporation under a : xyz company leased equipment to west corporation under a lease agreement that qualifies as a capital lease to west but

Prepare the appropriate entry when the options are awarded : lci cable company grants 1.4 million performance stock options to key executives at january 1 2013. the options entitle

User Account

All Pages