Cost terminology and cost object. You are a managerial accountant for The Walt Disney Company. In...
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Cost terminology and cost object. You are a managerial accountant for The Walt Disney Company. In your role, you primarily focus on merchandise production for theme park operations. Identify the costs below as (i) fixed or variable, (ii) manufacturing (specify the type of manufacturing cost) or non-manufacturing costs, and (iii) direct or indirect. If you are uncertain how to classify an expense, clearly state why you are uncertain and what additional information would be useful to help classify the expense properly. If the cost object is Mickey Mouse plush toys: (8 points) Fixed or Variable? Manufacturing (and types) or Non- Manufacturing Cost Item Direct / Indirect Styrofoam beads for filling Hourly wages for cutting and sewing labor Janitorial services for the factory Advertising expenses Warehouse expense for storage of finished goods Electricity for the manufacturing equipment Lease payments for the manufacturing equipment Depreciation on the factory Cost terminology and cost object. You are a managerial accountant for The Walt Disney Company. In your role, you primarily focus on merchandise production for theme park operations. Identify the costs below as (i) fixed or variable, (ii) manufacturing (specify the type of manufacturing cost) or non-manufacturing costs, and (iii) direct or indirect. If you are uncertain how to classify an expense, clearly state why you are uncertain and what additional information would be useful to help classify the expense properly. If the cost object is Mickey Mouse plush toys: (8 points) Fixed or Variable? Manufacturing (and types) or Non- Manufacturing Cost Item Direct / Indirect Styrofoam beads for filling Hourly wages for cutting and sewing labor Janitorial services for the factory Advertising expenses Warehouse expense for storage of finished goods Electricity for the manufacturing equipment Lease payments for the manufacturing equipment Depreciation on the factory
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No Cost Item Fixed or Variable Manufacturing or non ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
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