Question: Cost classification: Name of the Cost Variable Cost Fixed Cost Product Cost Period (Selling and Admin.) Cost Direct Materials Direct Labour Mfg. Overhead $5,000 salary
- Cost classification:
| Name of the Cost | Variable Cost | Fixed Cost | Product Cost | Period (Selling and Admin.) Cost |
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| Direct Materials | Direct Labour | Mfg. Overhead |
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| $5,000 salary at tech company foregone............................... |
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| Garage rental, $300 per month.... |
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| Equipment rental, $1,000.......... |
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| Material cost, $.60 per unit........ |
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| Labour cost, $1.00 per unit........ |
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| Room rental for sales office, $150 per month..................... |
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| Voicemail plan for cell phone, $5 per month............................. |
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| Foregone interest on savings account, $2,000 per year........ |
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| Advertising, $400 per month...... |
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| Sales staff commission, $0.20 per unit................................. |
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| Legal fees to incorporate, $1,000 |
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