Question: Classify each of the following cost items as mostly fixed or variable: Raw materials..........................................Administrative salaries Direct labor..............................................Payroll taxes Depreciation............................................Insurance (building and Supplies equipment) Utilities.....................................................Clerical salaries

Classify each of the following cost items as mostly fixed or variable:
Raw materials..........................................Administrative salaries
Direct labor..............................................Payroll taxes
Depreciation............................................Insurance (building and Supplies equipment)
Utilities.....................................................Clerical salaries
Property taxes.........................................Sales commissions
Interest on borrowed money................Rent

Step by Step Solution

★★★★★

3.46 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Raw Materials Direct Labor Supplies Utilities Property ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Engineering Economy Questions!

Key figures for Samsung follow. Required 1. Compute cash and cash equivalents as a percent (rounded to one decimal) of total current assets, total assets, total currentliabilities, and total...

Classify each of the following cost items as mostly fixed or variable: Raw materials ...............................Administrative salaries Direct labor ..................................Payroll...

Classification of casts, service sector Consumer Focus is a marketing research firm that organizes focus groups for consumer-product companies. Each focus group has eight individuals who are paid $50...

Classification at costs, merchandising sector Home Entertainment Center (HEC) operates a large store in San Francisco. The store has both a video section and a music (compact disks and tapes)...

2-2. Classify each of the following cost items as mostly fixed or variable: (2.1) Raw materials Administrative salaries Payroll taxes Insurance (building and equipment) Clerical salaries Sales...

Classify each of the following cost items as mostly fixed or variable. Cost item Type of cost item Raw materials Direct Labor Depreciation Utilities Property Taxes Sales Commissions Payroll Taxes...

ANSWER THE FOLLOWING: COST CONCEPTS AND DESIGN ECONOMICS Diagnostic Quiz on Cost Classification: Review Questions Classify each of the following cost items as mostly fixed or variable cost. Write F...

Define an investment cost. Classify each of the following cost items as mostly fixed or variable: Raw materials, Direct labor, Supplies, Utilities, Property taxes, administrative salaries, Payroll...

Please, follow all the directions very carefully to complete the assignment correctly. You can upload an excel file or paste a picture of the excel file. Make sure the answers are clear, correct, and...

Please answer questions in excel! Namaste Company manufactures a unique yoga mat. The company began operations December 1, 2018. Its accountant quit the second week of operations, and the company is...

equipment information is in the first picture Namaste Company The Business Situation Namaste Company manufactures a unique yoga mat. The company began operations December 1, 2018. Its accountant quit...

John Arrow is an architect who operates his own business. The accounts and transactions for the business follow. INSTRUCTIONS (1) Analyze the transactions for January 2016. Record each in the...

The Edgeworth box on the right shows how castaways Tom and Hank are allocating labor and capital to the production of two goods, food and clothing. The economy is currently at point A. a. How many...

Eligibility for post retirement health care benefits usually is based on the employee's

Key drivers of change exist in the wider environment that have shaped marketing strategies and plans.

You are saving up for your ten-year-old daughter's wedding (when she turns 21) and you want to invest $10,000 per year for five years from now, at the rate of interest of 15% per year. How much will...

Automobiles of the future will most likely be manufactured largely with carbon fibers made from recycled plastics, wood pulp, and cellulose. Replacing half the ferrous metals in current automobiles...

It is estimated that a certain piece of equipment can save $22,000 per year in labor and materials costs. The equipment has an expected life of five years and no market value. If the company must...

Problem 12-6 Calculating Cost of Debt [LO 2] ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with seven years to maturity that is quoted at 112...

Suppose you just turned 30 years old, expect to retire in 35 years at age 65, and then to live for 20 more years until age 85. Your pre-tax salary this year is $100,000 (paid at the end of this year)...

Mills Mining is considering an expansion project. The proposed project has the following features. The project has an initial cost of $607--this is also the amount which can be depreciated using the...