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Home > Business & Careers > Finance   »   Classification Costs

 
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Old Apr 17, 2008, 06:38 PM
KDaniel448
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Classification Costs

A. Miscellaneous materials used in production 123
B. Salesperson’s commission in real estate firm 23 Is this correct?
C. Administrators’ salaries for a furniture wholesaler 23
D. Administrators’ salaries for a furniture manufacturer 23
E. Freight costs associated with acquiring inventories for a grocery store 123
F. Office managers salary in a doctors office 123
G. Utilities for the corporate offices of a toy manufacturer 23
H. Line supervisors salary for a clothing manufacturing firm 123
I. Training seminar for sales staff of a service firm N/A
J. Fuel used in a trucking firm 123
K. Paper used at a printing business 123
L. Oil for machinery at a plastics manufacturing firm 123
M. Food used at a restaurant 123
N. Windshields used for a car manufacturer 123


Classify the cost as (1) product or period (2) variable or fixed; and (3) for those that are product-costs, direct materials, direct labor, or manufacturing overhead. Write “not applicable (N/A)(:

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Old May 11, 2008, 10:48 AM   #2  
KDaniel448
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I emailed the teacher to see if more than one answer he replied No. Here is my submission for week four I made a 96.

a 3
b. 2
c 1
d 1
e 1
f 2
g 1
h 2
i n/a
j 2
k 1
l 3
m 1
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Old May 11, 2008, 10:21 PM   #3  
morgaine300
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Not quite sure how you got a 96 because this just isn't how it's done.

Here is a rather long post I made to someone else who tried to do something similar to yours:

http://www.askmehelpdesk.com/finance...ns-205066.html

You might want to start by going through that post. Read the first part carefully. It is not a choice between 1, 2 & 3. And it's not a choice about which count and which don't. You have to do all three of 1, 2 & 3 for each item listed. It's not a choice between the numbers. It's a choice of what is within each numbered item. i.e. like make 3 columns. Column one is a choice of whether it's period or product. Column two is a choice between fixed or variable. Column three is a choice between DM, DL or overhead.
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