Managerial Accounting-

Fill in the table based on each situation

Font Paragraph Styles . 1 . 1 2 . 3 4 . 5 . 6 REQUIRED: Part 1: (Worth 15 pts.) Complete Part 1 using the answer sheet prepared below. For each annual cost item listed below, place the dollar amount under the appropriate headings. As examples, the first two in the list below have been completed for you. Note that each item is classified in two ways: first, as either variable or fixed with respect to the number of units (table sets) produced and sold; and second, as either a selling and administrative cost or a product cost. If the listed cost is a product cost, it should be classified as direct or indirect with respect to the table set (which is the cost object). Cost Behavior Period Costs Product Costs Cost Item Variable Fixed Selling & Direct Indirect Administrative Costs Example: Direct materials used: $120,000 S120,000 $120,000 (aluminum, glass, etc.) Example: Administrative office salaries: $30,000 $30,000 $30,000 1. Sales commission: $20,000 2. Depreciation, factory building: $10,000 3. Depreciation, administrative office equipment: $4,000 4. Indirect materials, factory: $7,000 5. Factory labor (cutting and assembly): $140,000 6. Advertising: $10,000 7. Insurance, factory: $2,000 8. Administrative office supplies (billing): $3,000 9. Property taxes, factory: S12,000 10. Utilities, factory: $30,000 11. Factory supervision: $45,000 12. Lease cost, factory equipment: S10,000 13. Property taxes, administrative building: $3,000 14. Executive salaries: $160,000 15. Factory maintenance salaries: $60,000