1. \ufffd Identify whether each of the items below is a Product Cost or Period Cost:\u00a0\t2. Identify whether each of the items below is a Direct Cost or Indirect Cost: 3. Identify whether each of the below is a Fixed Cost or Variable Cost: 4. Classify each as direct material, direct labor, indirect labor, indirect labor, other manufacturing overhead or period cost, and then answer the 5 questions below:\t\u00a0\t\u00a0\tFactory insurance\tCompany president’s salary\tEggs, salt, water used for baking\tDepreciation expense on bake ovens\tPaper wrappers for bread\tFactory lease\tAdvertising costs\tFactory supervisor salaries\tSales commissions\tFlour used in baking bread\t\u00a0\t2.\u00a0 Identify whether each of the items below is a Direct Cost or Indirect Cost: (1\/2 point each, total 5 points)\t\u00a0\tFactory insurance\tBaker’s wages\tEggs used for baking\tDepreciation expense on bake ovens\tPaper wrappers for bread\tCleaning materials for bake ovens\tUtilities used in factory\tFactory supervisor salaries\tLubricant for factory equipment\tFlour used in baking bread\t\u00a0\t3.\u00a0 Identify whether each of the items below is a Fixed Cost or Variable Cost: (1\/2 point each, total 5 points)\t\u00a0\tShipping costs for bread\tCost of fuel for delivery truck fleet\tFactory rent\tFactory insurance\tMaintenance on delivery trucks\tSales commissions\tWages paid to part-time (hourly) baker’s assistant\tOven depreciation\tCost of fruit for cake topping\tFactory utilities\t\u00a0\tQuestion 4 General Instructions: For this baking operation, you’ll need to first classify each expense below as direct material, direct labor, indirect material, indirect labor, other manufacturing overhead or period cost, and then answer the calculation questions in Parts 4b – 4e.\t\u00a0\t\u00a0\t\u00a0a. Depreciation expense on factory forklifts ……\t\u00a0b. Property tax on corporate marketing office ….\t\u00a0c. Company president’s salary …..,,……\t\u00a0d. Factory janitor wages ……………\t\u00a0e. Accounting department salaries …..\t\u00a0f. Bakers’ health insurance …………..\t\u00a0g. Assorted baking ingredients…………\t\u00a0h. Depreciation expense on administrative office equipment……\t\u00a0i. Bakers’ wages ………..\t\u00a0j. Factory utilities ……….\t\u00a0k. Production supervisors’ salaries …..\t\u00a0l. Flour ……………………..\t\u00a0m. Factory equipment lubricants …………<\/p>\n","protected":false},"excerpt":{"rendered":"
1. \ufffd Identify whether each of the items below is a Product Cost or Period Cost:\u00a0 2. Identify whether each of the items below is a Direct Cost or Indirect Cost: 3. Identify whether each of the below is a Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-200856","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=200856"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200856\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=200856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=200856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=200856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}