- Social Science
- Sociology
-
Flashcards
-
Learn
-
Test
-
Match
-
Flashcards
-
Learn
-
Test
-
Match
Terms in this set (68)
Sets found in the same folderOther sets by this creatorVerified questions
finance
Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each.$ $$ \begin{matrix} & \text{Variable or Fixed} & \quad & \text{Product or Period}\\ \text{Costs} & \text{Variable} & \text{Fixed} & \text{Product} & \text{Period}\\ \text{1. Plastic for casing—\$17,000} \ldots\ldots\ldots & \text{\$17,000} & \text{\_\_\_\_\_} & \text{\$17,000} & \text{\_\_\_\_\_}\\ \text{2. Wages of assembly workers—\$82,000}\ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \text{3. Property taxes on factory—\$5,000} \ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \text{4. Accounting staff salaries—\$35,000}\ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \text{5. Drum stands (1,000 stands purchased)—\$26,000}\ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \text{6. Rent cost of equipment for sales staff—\$10,000} \ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \text{7. Upper management salaries—\$125,000}\ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \text{8. Annual flat fee for factory maintenance service—\$10,000}\ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \text{9. Sales commissions—\$15 per unit} \ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \text{10. Machinery depreciation, straight-line—\$40,000}\ldots\ldots\ldots & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_} & \text{\_\_\_\_\_}\\ \end{matrix} $$ $ 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.) 2. Compute the manufacturing cost per drum set. 3. Assume that 1,200 drum sets are produced in the next year. What do you predict will be the total cost of plastic for the casings and the per unit cost of the plastic for the casings? Explain. 4. Assume that 1,200 drum sets are produced in the next year. What do you predict will be the total cost of property taxes and the per unit cost of the property taxes? Explain.
Verified answer
Recommended textbook solutions
Social Psychology
10th EditionElliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson
525 solutions
Anderson's Business Law and the Legal Environment, Comprehensive Volume
23rd EditionDavid Twomey, Marianne Jennings, Stephanie Greene
369 solutions
Operations Management: Sustainability and Supply Chain Management
12th EditionBarry Render, Chuck Munson, Jay Heizer
1,698 solutions
Social Psychology
10th EditionElliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson
525 solutions
Information Technology Project Management: Providing Measurable Organizational Value
5th EditionJack T. Marchewka
346 solutions