Shemekia Co. produces seats for movie theaters. Listed below are selected cost items for the seat production. Classify each cost as either fixed or variable, and either a product or a period cost by placing an x in the appropriate boxes.?Cost by behaviorCost by function?VariableFixedProductPeriodFabric for seats????Assembly labor????Factory property taxes????Accounting staff salaries????Sales office rent????Sales manager's salary????Depreciation on factoryequipment????Sales commissions????
What will be an ideal response?
| ? | Cost by behavior | Cost by function | ||
| ? | Variable | Fixed | Product | Period |
| Fabric for seats | X | ? | X | ? |
| Assembly labor | X | ? | X | ? |
| Factory property taxes | ? | X | X | ? |
| Accounting staff salaries | ? | X | ? | X |
| Sales office rent | ? | X | ? | X |
| Sales manager's salary | ? | X | ? | X |
| Depreciation on factory Equipment | ? | X | X | ? |
| Sales commissions | X | ? | ? | X |
You might also like to view...
The audit committee should have the authority to hire and fire the external auditor
a. True b. False Indicate whether the statement is true or false
Which of the following is prepared directly after the cash budget?
a. Overhead budget b. Production budget c. Budgeted balance sheet d. Capital expenditures budget
Rajhad would like to invite several employees of different departments to attend a new product planning meeting. A good subject line for her invitation e-mail message would be "Meeting for Brainstorming New Products."
Indicate whether the statement is true or false
Which of the following is NOT a type of risk that a project can face?
a. contractual risk b. commercial risk c. on-time completion risk d. technical risk