Required: Identify each of the costs accordingly by placing an “X” in the appropriate boxes. Each...

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Accounting

Required: Identify each of the costs accordingly by placing an“X” in the appropriate boxes. Each cost can be classified multipletimes. Please tell why for each. Thank you
Product
Period
Variable
Fixed
Direct Material
Direct Labor
Manufacturing Overhead
Oil to keep a factory machinery lubricated
Aluminum used in the manufacturing of bicycles
Fabric used in the manufacture of baseball jerseys
Wages of sewing machine operators making baseball jerseys
Janitorial supplies used in a factory’s restrooms
The advertising manager’s salary
Copy paper to replenish the fax machine in the sales office.

Answer & Explanation Solved by verified expert

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Product Period Variable Fixed Direct Material Direct Labor Manufacturing Overhead Remarks Oil to keep a factory machinery lubricated x It Factory Overhead as it machinery needed to be lubricated irrespective if the See Answer

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Required: Identify each of the costs accordingly by placing an “X” in the appropriate boxes. Each...

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Accounting

Answer & Explanation Solved by verified expert

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	Product	Period	Variable	Fixed	Direct Material	Direct Labor	Manufacturing Overhead
Oil to keep a factory machinery lubricated
Aluminum used in the manufacturing of bicycles
Fabric used in the manufacture of baseball jerseys
Wages of sewing machine operators making baseball jerseys
Janitorial supplies used in a factory’s restrooms
The advertising manager’s salary
Copy paper to replenish the fax machine in the sales office.