Cost classification based problem


Problem:

Please describe how to calculate the following variables.

Ringle Company is manufacture of compact disks (CD). Place each of the following costs in the appropriate column.

cost item    Period cost    Direct materials Direct labor    Factory overhead

a. Factory maintenance salarly , $40000

b. Salary of factory supervisor, $70000

c. Salary of production worker, $42000

d. Salary of the company's president, $100000

e. Television advertising, $25000

f. Property tax on factory, $15000

g. Sales commisions, $15000

h. Depreciation on factory equipment, $17000

i. Plastic used in the manufacture of the CDs, $14000

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Cost classification based problem
Reference No:- TGS01927067

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)