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ACCT 2 > acct2: hW 1 SERIES > Flashcards

acct2: hW 1 SERIES Flashcards

1
Q

Are property taxes, factory variable or Fixed?

A

Fixed

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2
Q

Are boxes used for packaging detergent produced by the company variable or fixed?

A

Variable

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3
Q

Are salesperson’s commissions variable or fixed?

A

Variable

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4
Q

are supervisors’ salary, factory variable or fixed?

A

Fixed

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5
Q

Is depreciation, executive autos variable, or fixed?

A

fixed

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6
Q

Are wages of workers assembling computers variable or fixed?

A

Variable

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7
Q

Is insurance, finished goods warehouses variable or fixed

A

fixed

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8
Q

Is lubricants for production equipment a variable or fixed?

A

Variable

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9
Q

Are advertising costs a variable or fixed?

A

Fixed

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10
Q

Are microchips used in producing calculators a variable or fixed?

A

variable

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11
Q

Are shipping costs on merchandise sold a variable or fixed?

A

variable

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12
Q

Are magazine subscriptions, factory lunchroom a variable or fixed

A

Fixed

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13
Q

Is thread in a garment factory a variable or fixed

A

variable

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14
Q

Is executive life insurance variable or fixed?

A

fixed

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15
Q

Is ink used in a textbook production a variable or fixed

A

Variable

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16
Q

Is fringe benefits, materials handling workers a variable or fixed?

A

variable

17
Q

Yarn used in sweater production variable or fixed?

A

variable

18
Q

Wages of receptionists, executive offices a variable or fixed

A

fixed

19
Q

What are examples of selling costs?

A

-Sales person commission
-Insurance, finished goods warehouses
-Advertising costs
-Shipping costs on merchandise sold

20
Q

Examples of Administrative cost:

A

-Depreciation, executive autos
-Executive life insurance
-Wages of receptionist, executive offices

21
Q

Examples of Manufacturing(Product) cost DIRECT:

A
  • Boxes used for packaging detergent produced by the company
  • Wages of workers assembling computers.
  • Microchips used in producing calculators.
    -Yarn used in sweater production.
22
Q

Examples of Manufacturing(Product) Cost INDIRECT:

A
  • Property taxes, factory.
    -Supervisor’s salary, factory.
    -Lubricants for production equipment.
    -Magazine subscriptions, factory lunchroom.
    -Thread in a garment factory.
  • Ink used in textbook production.
  • Fringe benefits, materials handling workers.

ACCT 2 (2 decks)

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