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5 2 Milestone Three

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Accounting
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Southern New Hampshire University
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Homework
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H Milestone One - Cost Classification INSTRUCTIONS: Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs. The Fixed and Variable cost classifications have been provided for you. Item/Cost Direct Material Direct Labor Overhead Period Costs Fixed Variable Salary - Collar maker x x Salary - Leash maker x x Salary - Harness maker x x x Salary - Receptionist High-tensile strength nylon webbing x x Polyester/nylon ribbons x x Buckles made of cast hardware x x Depreciation on sewing machines x x Rent x x Utilities and insurance x x Scissors, thread, and cording x x Price tags x x Office supplies x Oter business equipment x Loan payment x x Salary to self x x ACC202 - MANAGERIAL ACCOUNTING H Milestone One - Variable and Fixed Costs Collars Item High-tensile strength nylon webbing Polyester/nylon ribbons Buckles made of cast hardware Price tags Total Variable Costs per Collar Variable Cost/Item $ $ $ $ 4.00 3.00 2.00 0.10 $ 9.10 Item Fixed Costs Collar maker's salary (monthly) Depreciation on sewing machines Rent Utilities and insurance Scissors, thread, and cording Loan payment Salary to self Total Fixed Costs $ $ $ $ $ $ $ 2,773.33 55.00 250.00 200.00 400.00 183.33 166.67 $ 4,028.33 Leashes Item High-tensile strength nylon webbing Polyester/nylon ribbons Buckles made of cast hardware Price tags Total Variable Costs per Leash Variable Cost/Item $ $ ...
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