Assume you are a consultant performing work for two different companies. Each company has asked you to
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Question:
Assume you are a consultant performing work for two different companies. Each company has asked you to help them identify the behavior of certain costs.
Identify each of the following costs for Hwang Company, a producer of ski boats, as variable (V), fixed (F), or mixed (M):
- _____Salary of production manager
- _____Materials required for production
- _____Monthly rent on factory building
- _____Hourly wages for assembly workers
- _____Straight-line depreciation for factory equipment
- _____Annual insurance on factory building
- _____Invoices sent to customers
- _____Salaries and commissions of salespeople
- _____Salary of chief executive officer
- _____Company cell phones with first 50 hours free, then 10 cents per minute
Identify each of the following costs for Rainier Camping Products, a maker of backpacks, as variable (V), fixed (F), or mixed (M):
- _____Hourly wages for assembly workers
- _____Fabric required for production
- _____Straight-line depreciation on factory building
- _____Salaries and commissions of salespeople
- _____Lease payments for factory equipment
- _____Company cell phones with first 80 hours free, then 8 cents per minute
- _____Invoices sent to customers
- _____Salary of production manager
- _____Salary of controller (accounting)
- _____Electricity for factory building
- How might the managers of these companies use the cost behavior information requested?
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
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