Question: Example: Identify CFO salary is either Direct Materials/Direct Labor/Etc. TUTORIAL 1 E1-6 Classifying Costs & LO 1-4 Dirk Inc. produces and sells model cars. It

Example: Identify CFO salary is either Direct Materials/Direct Labor/Etc.

TUTORIAL 1 E1-6 Classifying Costs & LO 1-4 Dirk Inc. produces and sells model cars. It incurs the costs listed in the following table. Required: Use an X to categorize each of the following costs. You may have more than one X for each item. PRODUCT COSTS Period Cost| Variable Cost | Fixed Cost Direct Materials | Direct Labor Mig. Overhead CFO salary Factory utilities Factory supervisor salary Store equipment depreciation Factory equipment depreciation Advertising (monthly) Model car tires Store property taxes Factory insurance Factory worker wages Marketing manager salary Glue and screws Machine maintenance costs

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