For the following thirteen (13) items, place an "X" in the appropriate column to indicate...
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Accounting
For the following thirteen (13) items, place an "X" in the appropriate column to indicate whether the cost is a product cost (specify which type of product cost: direct materials, direct labor or manufacturing overhead) or period cost and then whether the cost is Variable or Fixed. (Hint: each line should have two "X"s)
Product Cost
Period Cost
Variable or Fixed
Direct Materials
Direct Labor
Manufacturing Overhead
Variable
Fixed
1
Advertising
2
Assembly department employee wages
3
CEO's salary
4
Cost of shipping goods to customers
5
Depreciation on assembly plant
6
Depreciation on executive building
7
Factory maintenance supplies
8
Glass used in automobiles
9
Plant manager's salary
10
Property taxes on assembly plant
11
Salary of marketing executive
12
Steel used in automobiles
13
Tires installed on automobiles
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