Fixed cost or a variable cost
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Complete the following chart by placing an "X" under the applicable column headings. Classify each cost as a fixed cost or a variable cost and as either a direct or indirect product cost or a period cost.
Item Cost Behavior Product Costs Period Cost
Fixed Variable Direct Indirect
Glue used in furniture
Cost of workers sanding a product
Wages of factory custodian
Grapes used in jelly
Rent of factory equipment
Factory insurance
Controller's salary
Factory washroom supplies
Sugar in candy products
Wages of a machinist
Office supplies used
See attached.
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The response provides guidance regarding classification of costs.
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Complete the following chart by placing an "X" under the applicable column headings. Classify each cost as a fixed cost or a variable cost and as either a ...
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