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  • Terms in This Set

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    Art B. Enriquez
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    This document defines 11 accounting terms that classify costs as either fixed or variable, and whether they are associated with a period of time or a product. The terms include costs like wages, insurance, taxes, supplies, freight and salaries, and specify if they are fixed or variable based on the item and time period.

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    This document defines 11 accounting terms that classify costs as either fixed or variable, and whether they are associated with a period of time or a product. The terms include costs like wages, insurance, taxes, supplies, freight and salaries, and specify if they are fixed or variable based on the item and time period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    17 views1 page

    Terms in This Set

    Uploaded by

    Art B. Enriquez
    This document defines 11 accounting terms that classify costs as either fixed or variable, and whether they are associated with a period of time or a product. The terms include costs like wages, insurance, taxes, supplies, freight and salaries, and specify if they are fixed or variable based on the item and time period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Terms in this set (11)

    Mixed/Product
    Wages of factory maintenance workers

    Variable/Period
    Wages of forklift operators who move finished goods from a central warehouse to the
    outbound loading dock

    Fixed/Period
    Insurance premiums paid on the headquarters of a manufacturing company

    Variable/Product
    Cost of labels attached to shirts made by a company

    Fixed/Product
    Property taxes on a manufacturing plant

    Variable/Product
    Paper towels used in factory restrooms

    Fixed/Period
    Salaries of office assistants in a law firm

    Fixed/Product
    Freight costs of acquiring raw material from suppliers

    Variable/Product
    Computer paper used in an accounting firm

    Variable/Product
    Cost of wax to make candles

    Fixed/Product
    Freight-in on a truckload of furniture purchased for resale

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