For the cost object below, select the TWO types of costs tha…

For the cost object below, select the TWO types of costs that apply. Hint:  The cost object is either a Variable Cost or a Fixed Cost.  The cost object is either a Selling Cost, an Administrative Cost, a Direct Product Cost, or an Indirect Product Cost.  Direct materials  

For the cost object below, select the TWO types of costs tha…

For the cost object below, select the TWO types of costs that apply. Hint:  The cost object is either a Variable Cost or a Fixed Cost.  The cost object is either a Selling Cost, an Administrative Cost, a Direct Product Cost, or an Indirect Product Cost.  Salesperson’s commissions earned

For the cost object below, select the TWO types of costs tha…

For the cost object below, select the TWO types of costs that apply. Hint:  The cost object is either a Variable Cost or a Fixed Cost.  The cost object is either a Selling Cost, an Administrative Cost, a Direct Product Cost, or an Indirect Product Cost.  Factory rent

Bear Products manufactures various machined parts to custome…

Bear Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,800,000 in manufacturing overhead cost at an activity level of 240,000 machine-hours. The company spent the entire month of January working on a large order for 16,000 custom-made machined parts. The company had no work in process at the beginning of January. Required:  Match the Cost Data transaction with the correct Journal Entry.   

Refer to the T-account below:   Manufacturing Overhead…

Refer to the T-account below:   Manufacturing Overhead Debit Credit (2) 9,000 (12) 167,000 (3) 15,000     (4) 80,000     (5) 30,000     (6) 25,000       159,000   167,000     Balance     8,000   The ending balance of $8,000 represents which of the following?