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ACCT346 Week 1 Weekly Homework Assignment Answers

ACCT346 Week 1 Weekly Homework Assignment Answers

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Directions: Your assignment for this week is to answer the four questions below. Please note that
Question 4 contains multiple parts. Please show your work for full credit on Questions 4b - 4e.
1.  Identify whether each of the items below is a Product Cost or Period Cost: (1/2 point each, total 5 points)
2.  Identify whether each of the items below is a Direct Cost or Indirect Cost: (1/2 point each, total 5 points)
3.  Identify whether each of the below is a Fixed Cost or Variable Cost: (1/2 point each, total 5 points)
4.  Classify each as direct material, direct labor, indirect labor, indirect labor, other manufacturing overhead or period cost, and then answer the 5 questions below:

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