Cost Classification-manufacturing,merchandising,service

The following are costs associated with manufacturing firms, merchandising firms, or service firms:
a. Miscellaneous materials used in production
b. Salesperson's commission in a real estate firm
c. Administrator's salaries for a furniture wholesaler
d. Administrator's salaries for a furniture manufacturer
e. freight costs associated with acquiring inventories for a grocery store
f. Office manager's salary in a doctor's office
g. Utilities for the corporate offices of a toy manufacturer
h. Line supervisor's salary for a clothing manufacturing firm
i. Training seminar for sales staff of a service firm
j. Fuel used in a trucking firm
k. Paper used at a printing business
l. Oil for a machinery at a plastics manufacturing firm
m. Food used at a restaurant
n. Windshields used for a car manufacturer

Classify the costs as (1) product or period; (2)variable or fixed; and (3) for those that are product costs, as direct materials, direct labor, or manufacturing overhead. Write 'not applicable (N/A)' if a category doesn't apply.

Solution Summary

This solution is comprised of classifying the costs as (1) product or period; (2)variable or fixed; and (3) for those that are product costs, as direct materials, direct labor, or manufacturing overhead for manufacturing firms, merchandising firms, or service firms.