Question: XYZ Corporation MILESTONE 1- Cost Classification Exercise INSTRUCTIONS Classify each item or cost as: Direct Material, Direct Labor, Manufacturing Overhead or Period Costs The fixed

XYZ Corporation MILESTONE 1- Cost Classification Exercise INSTRUCTIONS Classify each item

XYZ Corporation MILESTONE 1- Cost Classification Exercise INSTRUCTIONS Classify each item or cost as: Direct Material, Direct Labor, Manufacturing Overhead or Period Costs The fixed and variable cost classifications have been provided for you. For more information see Objective 1 in Chapter 5. Direct Manufacturing Overhead Direct Item/Cost Material Labor Period Costs Fixed Variable Groomer Day care attendant Receptionist Kennel attendant Food and water bowls Fencing for day care area Installation of fencing Dog grooming arm (attaches to table) 12 kennels cost Depreciation on kennels Rent Utilties and insurance Grooming table Grooming tub 48" Heating system Depreciation on heating system Clippers Shampoo (Crystal Clear: five-gallon pail) Cage bank (set of five) Salon Tuff Capri mobile carry cart Towels Scissors (7-inch straight, ear & nose) Toys (used in day care only) Cleaning products (used throughout) Dryer Rubberized flooring (day care) Loan Draw

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