acct2: hW 1 SERIES

Question 1

Are property taxes, factory variable or Fixed?

Answer 1

Fixed

Question 2

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

Answer 2

Variable

Question 3

Are salesperson’s commissions variable or fixed?

Answer 3

Variable

Question 4

are supervisors’ salary, factory variable or fixed?

Answer 4

Fixed

Question 5

Is depreciation, executive autos variable, or fixed?

Answer 5

fixed

Question 6

Are wages of workers assembling computers variable or fixed?

Answer 6

Variable

Question 7

Is insurance, finished goods warehouses variable or fixed

Answer 7

fixed

Question 8

Is lubricants for production equipment a variable or fixed?

Answer 8

Variable

Question 9

Are advertising costs a variable or fixed?

Answer 9

Fixed

Question 10

Are microchips used in producing calculators a variable or fixed?

Answer 10

variable

Question 11

Are shipping costs on merchandise sold a variable or fixed?

Answer 11

variable

Question 12

Are magazine subscriptions, factory lunchroom a variable or fixed

Answer 12

Fixed

Question 13

Is thread in a garment factory a variable or fixed

Answer 13

variable

Question 14

Is executive life insurance variable or fixed?

Answer 14

fixed

Question 15

Is ink used in a textbook production a variable or fixed

Answer 15

Variable

Question 16

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

Answer 16

variable

Question 17

Yarn used in sweater production variable or fixed?

Answer 17

variable

Question 18

Wages of receptionists, executive offices a variable or fixed

Answer 18

fixed

Question 19

What are examples of selling costs?

Answer 19

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

Question 20

Examples of Administrative cost:

Answer 20

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

Question 21

Examples of Manufacturing(Product) cost DIRECT:

Answer 21

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

Question 22

Examples of Manufacturing(Product) Cost INDIRECT:

Answer 22

• 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.