Blackstock Company manufactures digital cameras. Indicate whether the cost is a product cost or period cost AND whether its cost behavior is fixed, variable, or mixed by placing X's in the appropriate boxes. As an example, commissions paid to sales staff would be classified as a period cost and variable.
What will be an ideal response?
You might also like to view...
Mini-Case Question. What is the share development index (SDI) of Clarion Inc.?
A) 18 B) 85 C) 43.6 D) 77.8 E) 97
Which of the following increases the likelihood a brand is discussed in face-to-face, oral communications?
A) brand novelty B) brand salience C) brand excitement D) brand surprise E) brand edginess
Liberty Industries purchased merchandise worth $1,800 on credit, terms n/30. What is the required journal entry to record the transaction under the perpetual inventory system?
A) Accounts Receivable 1,800Purchases 1,800 B) Purchases 1,800Merchandise Inventory 1,800 C) Merchandise Inventory 1,800Accounts Payable 1,800 D) Accounts Payable 1,800Merchandise Inventory 1,800
Southeast Manufacturing Company has identified the following cost objects:Cost Object 1: The cost of operating the finishing departmentCost Object 2: The cost of a particular product made in JuneCost Object 3: The cost of operating the factoryWith respect to these cost objects, the cost of the salary of the supervisor of the finishing department is directly traceable to cost objects:
A. 1 and 3. B. 1 and 2. C. 2 and 3. D. 1, 2, and 3.