The following costs relate to a manufacturing organization: Sales commissions ..... Sales manager salary Distribution costs .......
Question:
Sales commissions ..... Sales manager salary
Distribution costs ....... Production supervisor
Factory rent ........ Corporate office expenses
Product components ..... Supplies used in manufacturing
Direct manufacturing labor .. Plant manager salary
Required:
Classify the costs as product costs or period costs. Also classify the costs as variable or fixed with respect to the volume of production. What inferences do you draw about the correspondence between the two concepts?
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Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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