Aussie Corp. manufactures rugby jerseys for collegiate sports teams and sells its merchandise through university bookstores.
Required:
Identify a specific item in the company’s manufacturing, selling, or administrative processes for which the cost would be classified as
a. raw material.
b. direct labor.
c. variable manufacturing overhead.
d. fixed manufacturing overhead.
e. fixed administrative expense.
f. fixed indirect selling expense.
g. variable direct selling expense.