The following are costs associated with manufacturing firms, or service firms:
A. Miscellaneous materials used in production (3)
B. Salesperson’s commission in real estate firm (2)
C. Administrators’ salaries for a furniture wholesaler (2)
D. Administrators’ salaries for a furniture manufacturer (2)
E. Freight costs associated with acquiring inventories for a grocery store (2)
F. Office managers salary in a doctors office (1)
G. Utilities for the corporate offices of a toy manufacturer (2)
H. Line supervisors salary for a clothing manufacturing firm (2)
I. Training seminar for sales staff of a service firm N/A
J. Fuel used in a trucking firm (1)
K. Paper used at a printing business (1)
L. Oil for machinery at a plastics manufacturing firm (1)
M. Food used at a restaurant (1)
N. Windshields used for a car manufacturer (3)
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)(: if a category doesn’t apply.
This is what I came up with. Help if any one can.