which of the following costs is a variable manufacturing cost course hero

by Tate Hickle Published 2 years ago Updated 1 year ago 6 min read

Which costs are associated with manufacturing goods or services?

costs associated with manufacturing goods or providing services, also known as manufacturing costs, includes direct material, direct labor and overhead; property taxes on factory building. Which of the following will be included in traditional product costs? a. Customer service costs

What is the difference between total and assigned manufacturing costs?

total manufacturing cost of goods completed during the current period, assigned costs include only DM, DL, and OH (manufacturing costs) Cost of goods sold manufacturing cost of the units that were sold during the period

What are the fixed and variable marketing and administrative costs?

Fixed marketing & administrative costs: ($32,000) Operating profit: $55,400 Req. 2 Contribution Margin Income Statement: Sales revenue: $264,000 Variable manufacturing costs: ($119,000) -(Variable manufacturing costs = $68,000 + $34,000 + $17,000 = $119,000) Variable marketing and administrative costs: ($13,600) Contribution margin: $131,400

Is maintenance a fixed or variable cost?

Everything is unfavorable." Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $92.000; the fixed component of the budgeted utilities cost is$11.700.

What is indirect cost?

Indirect Costs. costs that cannot be traced easily and accurately to a cost object, often referred to as overhead, most commonly used. The assignment of indirect costs to cost objects is referred to as: a. Allocation.

Is administrative cost a period cost?

all costs in the income statement other than cost of goods sold , ( administrative, marketing) treated as expenses of the accounting period in which they are incurred, for manufacturing companies, all non-manufacturing costs are period costs. Selling and administrative costs are classified as. a. product costs.