Question: ries B a PR 20-1B Classify costs Obj. 1 Cromwell Furniture Company manufactures solas for distribution to several major retail chains. The following costs are

 ries B a PR 20-1B Classify costs Obj. 1 Cromwell Furniture

ries B a PR 20-1B Classify costs Obj. 1 Cromwell Furniture Company manufactures solas for distribution to several major retail chains. The following costs are incurred in the production and sale of sofas: Fabric for sofa coverings b. Wood for framing the sofas c. Legal fees paid to attorneys in defense of the company in a patent infringement suit , $25,000 plus $160 per hour d. Salary of production supervisor e. Cartons used to ship sofas 1. Rent on experimental equipment, $50 for every sofa produced g. Straight-line depreciation on factory equipment h. Rental costs of warehouse, $30.000 per month 1. Property taxes on property, plant, and equipment Insurance premiums on property, plant, and equipment, $25,000 per year plus $25 per $25,000 of insured value over $16,000,000 k. Springs for seat cushions L. Consulting fee of $120.000 paid to efficiency specialists m. Electricity costs of $0.13 per kilowatt-hour n. Salesperson's salary, $80,000 plus 4% of the selling price of each sofa sold Foam rubber for cushion fillings p. Janitorial supplies, $2,500 per month q. Employer's FICA taxes on controller's salary of $180,000 Salary of designers Wages of sewing machine operators L Sewing supplies 0 Instructions Classify the preceding costs as either fixed, variable, or mixed. Use the following tabular headings and place an X in the appropriate column. Identify each cost by leller in the cost column. Cost Fixed Cost Wanable Cast Mixed cost ries B a PR 20-1B Classify costs Obj. 1 Cromwell Furniture Company manufactures solas for distribution to several major retail chains. The following costs are incurred in the production and sale of sofas: Fabric for sofa coverings b. Wood for framing the sofas c. Legal fees paid to attorneys in defense of the company in a patent infringement suit , $25,000 plus $160 per hour d. Salary of production supervisor e. Cartons used to ship sofas 1. Rent on experimental equipment, $50 for every sofa produced g. Straight-line depreciation on factory equipment h. Rental costs of warehouse, $30.000 per month 1. Property taxes on property, plant, and equipment Insurance premiums on property, plant, and equipment, $25,000 per year plus $25 per $25,000 of insured value over $16,000,000 k. Springs for seat cushions L. Consulting fee of $120.000 paid to efficiency specialists m. Electricity costs of $0.13 per kilowatt-hour n. Salesperson's salary, $80,000 plus 4% of the selling price of each sofa sold Foam rubber for cushion fillings p. Janitorial supplies, $2,500 per month q. Employer's FICA taxes on controller's salary of $180,000 Salary of designers Wages of sewing machine operators L Sewing supplies 0 Instructions Classify the preceding costs as either fixed, variable, or mixed. Use the following tabular headings and place an X in the appropriate column. Identify each cost by leller in the cost column. Cost Fixed Cost Wanable Cast Mixed cost

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