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Problem 1-2

The document categorizes various manufacturing costs into fixed, variable, and semi-variable types. It provides explanations for each cost type, detailing how they fluctuate with production volume or remain constant. Key examples include direct materials and labor as variable costs, while salaries and property taxes are identified as fixed costs.
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0% found this document useful (0 votes)
4 views3 pages

Problem 1-2

The document categorizes various manufacturing costs into fixed, variable, and semi-variable types. It provides explanations for each cost type, detailing how they fluctuate with production volume or remain constant. Key examples include direct materials and labor as variable costs, while salaries and property taxes are identified as fixed costs.
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Chapter 1: Introduction to Manufacturing

Problem 1-2

1. DM used - Variable
Explanation:
Direct-material cost increases or decreases in direct proportion to the number of
units produced.

2. Direct Labor - Variable


Explanation:
Direct-labor cost generally changes according to the number of production hours or
units completed.

3. Salesmen's salaries - Fixed


Explanation:
Base salaries represent a constant monthly expenditure that does not fluctuate
regardless of the volume of goods sold.

4. Salesmen's commission - Variable


Explanation:

Commission expense changes directly with the value or volume of sales.

5. Shipping supplies - Variable


Explanation:
More shipping supplies are used as the number of products sold and delivered
increases.

6. Property taxes - Fixed


Explanation:
Property taxes are normally based on assessed property value and do not change
with production volume.

7. Factory heat, light, power - Semi-variable


Explanation:
Factory utilities usually include a basic fixed charge plus a variable amount based on
usage.

8. Legal and audit fees - Fixed


Explanation:
These professional fees are generally incurred periodically and are not directly
affected by production volume.

9. Depn. of equip. (SL) - Fixed


Explanation:
Straight-line depreciation records the same expense each period regardless of
equipment usage.

10. Depn. of equip. (Output) - Variable


Explanation:
Under the output method, depreciation expense depends on the number of units
produced or machine hours used.

11. Fire insurance of equip. - Fixed


Explanation:
Insurance premiums are usually predetermined for the coverage period and do not
vary with output.

12. Overtime premium - Variable


Explanation:
Overtime premiums generally increase when additional labor hours are required for
higher production activity.

13. Factory superintendent salary - Fixed


Explanation:
The superintendent receives a regular salary that normally remains unchanged
within the relevant range.

14. Handling cost of materials - Variable


Explanation:
Material-handling costs generally increase as more materials are received and
moved for production.

15. Factory rent - Fixed


Explanation:
Factory rent is normally a set amount paid each period regardless of production
volume.

16. Idle time w/pay - Fixed not sure


Explanation:
Employees are paid for idle time even though no production is being performed, so
the amount does not directly vary with output.

17. Washroom supplies - Semi-variable not sure


Explanation:
These maintenance supplies have a baseline consumption level for regular staff but scale up up
as additional labor shifts are scheduled to meet higher output demands.

18. Repairs to machinery - Semi-variable


Explanation:
Machinery repairs may include routine fixed maintenance and additional costs that
rise with equipment usage.
19. Indirect labor - Variable
Explanation:
Indirect labor includes hourly support workers whose total hours and wages
increase or decrease directly with production volume.

20. Salary of accounting clerk - Fixed


Explanation:
The accounting clerk receives a regular salary that normally does not change with
production or sales volume.

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