Consider the following items:A. Tomatoes used in the manufacture of ketchupB. Administrative salaries of executives employed by a regional airlineC. Wages of assembly-line workers at an automobile manufacturing plantD. Marketing expenditures of the major league baseball clubE. Commissions paid to the salespeople working for a soft drink companyF. Straight-line depreciation on manufacturing equipment owned by a computer manufacturerG. Shipping charges incurred by office supplies retailer on out-going ordersH. Speakers used in a consumer electronics company's home-theater systemsI. Insurance costs related to a cosmetics manufacturing plantRequired:Complete the table that follows and classify each of the costs listed as (1) a product or period cost and (2) a variable or fixed cost by placing

an "X" in the appropriate column.Product or Period CostProduct or Period CostItemProductPeriodVariableFixedA????B????C????D????E????F????G????H????I????

What will be an ideal response?



Product or Period CostProduct or Period Cost
ItemProductPeriodVariableFixed
AX?X?
B?X?X
CX?X?
D?X?X
E?XX?
FX??X
G?XX?
HX?X?
IX??X

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