ACC 207 - Managerial Accounting I SPECIAL ASSESSMENT PART I SELECTED/ SHORT RESP

Question

ACC 207 - Managerial Accounting I SPECIAL ASSESSMENT PART I SELECTED/ SHORT RESPONSE 1- MATCHING Listed here are product costs for the production of soccer balls. Classify each cost as either variable (V) or fixed (F) 1 Leather covers for soccer balls 2 Annual flat fee paid for office security 3 Coolants for machinery 4 Wages of assembly workers 5 Lace to hold leather together 6 Taxes on factory 7 | Machinery depreciation (straight-line) 8 Insurance premium on building 9 Advertising 10 Customer service salaries

Explanation / Answer

1. Leather covers for soccer balls - Variable

2. Annual flat fee paid for office security - Fixed

3. Coolants for machinery - Fixed

4. Wages of assembly workers - Variable

5. Lace to hold leather together - Variable

6. Taxes on factory- Fixed

7. Machinery depreciation (straight-line) - Fixed

8. Insurance premium on building - Fixed

9. Advertising - Fixed

10. Customer service salaries - Fixed

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