Some of these classifications or all of them are incorrect may you…

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Question Answered step-by-step Some of these classifications or all of them are incorrect may you… Some of these classifications or all of them are incorrect may you identify which ones are incorrect and characterize them in the correct classification  please provide a reason  Direct materials                                                                                  variable cost & product costDirect Labor                                                                                       variable cost & product costSales                                                                                                    variable cost & product costOffice utilities and misc office expenses (based on units sold)         variable cost & product costSales travel (based on units sold)                                                       variable cost & product costSales commission (based on units sold)                                             variable cost & product cost Maintenance for factory equipment                                                   variable cost & period costSalaries – office & administrative                                                      fixed cost & period costSalaries for factory supervisors, janitor and security                         fixed & period costOffice Rent                                                                                         fixed cost & period costFactory rent                                                                                         fixed cost & period costInsurance – office                                                                               fixed cost & product costDepreciation – office equipment                                                        fixed and period costDepreciation for factory equipment                                                   fixed cost and period costAdvertising                                                                                         fixed and period costFactory property taxes                                                                                    fixed cost period cost   Accounting Business Managerial Accounting ACCOUNTING 1234 Share QuestionEmailCopy link Comments (0)