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
Please see the Excel attachment for the solution.
Ringle Company is manufacture of compact disks (CD). Place each of the following costs in the appropriate colum.
cost item Period ...
The solution explains cost classification in terms of period cost, direct materials, direct labor and factory overhead. The answer is provided in an Excel file.