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Question;Consider the following costs that were incurred during the current year:1.Tire Cost incurred by Ford motor company2.Sales, commissions paid to the sales force of Dell Inc.3.Wood Glue Consumed in the manufacture of Thomasville furniture4.Hourly Wages of Refinery Security guards employed by Exxon-Mobil Corporation5.The salary of a financial vice president of Hewlett Packard6.Advertising costs coca cola7.Straight line depreciation on factory machinery of Boeing Corporation8. Wages of Assembly line personnel of Whirlpool Corporation9. Delivery costs on customer shipments of Ben & Jerry ice cream10. Newsprint consumed in printing The New York Times11. Plant insurance costs of Texas Instrument12. Glass costs incurred in light bulb manufacturing of General ElectricRequired: Evaluate each of the preceding and determine whether the cost is a.) a product cost or a period cost (b. variable or fixed in terms of behavior, and (c. for the product costs only whether the cost is properly classified as direct labor, or manufacturing overhead. Item 1 example above Tire Cost: Product cost, variable, direct material="apple-interchange-newline">

 

Paper#42392 | Written in 18-Jul-2015

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