Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. classify each cost and its amount as (a) either

1. Classify each cost and its amount as (a) either variable or fixed and (b)...

60.1K

Verified Solution

Question

Accounting

1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.)

2. Calculate the manufacturing cost per drum set.

Required information

[The following information applies to the questions displayed below.]

Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $493 each.

Costs
1. Plastic for casing$20,000
2. Wages of assembly workers$88,000
3. Property taxes on factory$7,000
4. Accounting staff salaries$36,000
5. Drum stands (1,000 stands purchased)$38,000
6. Rent cost of equipment for sales staff$12,000
7. Upper management salaries$175,000
8. Annual flat fee for factory maintenance service$13,000
9. Sales commissions$24 per unit
10. Machinery depreciation, straight-line$48,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Operations Management
1.2K views

WK 3-2 Please provide examples for better understanding discuss some of the pros and cons of...

Operations Management
1.2K views

Draw the Product Life Cycle figure of Samsonite, in which stage of the Product Life Cycle...

Psychology
1.2K views

Evaluate how Napoleon both continued and broke from the aims of his revolutionary predecessors.

Electrical Engineering
1.2K views

Implement a 2 by 2 multiplier using structure VHDL. The circuit will have two 2-bit unsigned...

General Management
1.2K views

The Shady Farm Milk Company can process milk at a fixed rate of 5100 gallons/hour. The...

Basic Math
1.2K views

1 Given that sin 0 7818 use equivalent trigonometric expressions to evaluate the following 3...

Calculus
1.2K views

Evaluate the limit 1 8z lim I 10 11z

Algebra
1.2K views

1 point Find the interval of convergence for the given power series n x 2...

Accounting
1.2K views

As a reminder, here are a few items that you will need to...

Accounting
1.2K views

What ratios would best indicate problems with potential inventory obsolescence or collectibility of receivables? How...

Accounting
1.2K views

1. Lansing Company acquires a patent on January 1, Year 1, in exchange for a...

Accounting
1.2K views

Magnolia, Inc., manufactures bedding sets. The budgeted production is for 16,500 comforters this year. Each...