Question: Required: Classify the costs according to behavior as either fixed, variable or mixed; and classify the costs according as to relation to the product: period

Required: Classify the costs according toRequired: Classify the costs according to
Required: Classify the costs according to behavior as either fixed, variable or mixed; and classify the costs according as to relation to the product: period costs or product costs; if product cost, either prime cost or conversion cost. Use the format below. Answer to no. 'I is shown where (x) is placed below each column to show your answer. Buttons are variable, product cost, prime cost. N Costs Fixed 'Variable Mixed Period Product Prime Conversion 0. f Cost Cost Cost Cost ' 1 m\" x [X _ Blue Corner Company manufactures a variety of clothing types for distribution to several department stores. The following costs are incurred in the production and sale of ready to wear clothes: 1. Buttons P20,000. 2. Consulting fee of P500,000 paid to industry specialist for marketing advice. 3. Depreciation of office equipment P10,000. 4. Dye P200,000. 5. Electricity costs of P0.50 per kwh of factory building. 6. Fabric P1,500,000. 7. Insurance premiums on office property, plant and equipment, P30,000/year. 8. Office janitor salary P4,000 per month. 9. Leather for patches identifying the brand on individual pieces of apparel P40,000. 10. Infringement suit, P10,000 per month plus P200 per hour. 11. Office building property tax P15,000 per year. 12. Office supplies P5,000. 13. Property taxes on factory building P25,000. 14. Rent on factory plant equipment P20,000 per month. 15. Rental costs of showroom P80,000 per month. 16. Salary of designers P300,000 per month. 17. Salary of human resource manager P20,000. 18. Salary of production supervisor P18,000. 19. Salesperson's salary P50,000 plus 5% commission on the total sales. 20. Straight-line depreciation of sewing machines P100,000. 21. Thread used P150,000. 22. Wage of sewing machine operators P150,000

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