A) has its primary emphasis on the future.
D) Responses a, b, and c are all correct.
C) focuses on the organization as a whole, rather than on the organization's segments.
B) is required by regulatory bodies such as the SEC.
Each of the following would be classified as variable in terms of cost behavior except:
cost of shipping goods to customers via express mail.
plant manager's salary.
The Lyons Company's cost of goods manufactured was $120,000 when its sales were $360,000 and its gross margin
was $220,000. If the ending inventory of finished goods was $30,000, the beginning inventory of finished goods must
Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000;
selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000. The beginning work in process
inventory was $16,000 and the ending work in process inventory was $9,000. What was the cost of goods
manufactured for the month?
For each cost item, indicate whether it would be variable or fixed with respect to the number of units
produced and sold; and then whether it would be a selling cost, an administrative cost, or a
manufacturing cost. If it is a manufacturing cost, indicate whether it would typically be treated as a direct
cost or an indirect cost with respect to units of product. Select "None" if none of the categories apply for a
1. Property taxes, factory
2. Boxes used for packaging
detergent produced by the
3. Salespersons' commissions
4. Supervisor's salary, factory
Wages of workers