Homework_1_Solutions[1] - Homework#1 Chapters1and2...

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Homework # 1  Chapters 1 and 2 Answer Key Exercise 1-12   Cost Behavior Selling and  Administrative  Cost Product  Cost Cost Item Variable Fixed 1. The costs of turn signal  switches used at a General  Motors plant. ....................... X X 2. Interest expense on CBS’s  long-term debt. .................... X X 3. Salesperson’s commissions  at Avon Products. ................ X X 4. Insurance on one of  Cincinnati Milacron’s factory  buildings. ............................. X X 5. The costs of shipping brass  fittings to customers in  California. ............................ X X 6. Depreciation on the  bookshelves at Reston  Bookstore. ........................... X X 7. The costs of X-ray film at the  Mayo Clinic’s radiology lab. . X X 8. The cost of leasing an 800  telephone number at L.L.  Bean. .................................. X X 9. The depreciation on the  playground equipment at a  McDonald’s outlet. ............... X X 10. The cost of the mozzarella  cheese used at a Pizza Hut  outlet. .................................. X X
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Problem 1-16A   1. Period Product Cost (Selling  and Oppor- Variabl e Fixed Direct  Direct  Mfg. Admin.) tunity  Sunk Name of the Cost Cost Cost Materials Labor Overhead Cost Cost Cost Yuko’s present salary, $3,000  per month. .............................. X X Loft rent, $400 per month. ......... X
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Homework_1_Solutions[1] - Homework#1 Chapters1and2...

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