Concept- Tesla: Classifying Each Cost
Managerial Accounting
Wild and Shaw
07th Edition
Tesla, incurs the following costs. Classify cost as either a product or a period cost.
Tesla, incurs the following costs. Classify cost as either a product or a period cost.
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns. Identify each of TechPro’s costs below as variable or fixed and direct or indirect. Identify each of TechPro’s costs below as (a) variable or fixed and (b) direct or indirect by selecting the appropriate dropdowns. Assume the cost object is an individual class.
When a firm increases its activity level and volume at the company
Differential costs are relevant or irrelevant?
Northeast Hospital’s is considering replacing an old machine with a new machine. Complete a grid with differential cost, a sunk cost, or an opportunity cost.
What is known as “touch labor.”
Materials that become an integral part of the finished product and also can be easily traced to the finished product are known as what?
Asks to classify a bunch of costs of the hospital as to what is the cost object and if it’s direct or indirect, such as wages of nurses, prescription drugs, heating, salaries, etc.
This problem gives you a list and asks for you to classify them and identify the cost.
Asks for example of committed fixed cost