ACCT 2302 Ch 14 Managerial Accounting Concepts and Principles Homework.

Ch 14 Managerial Accounting Concepts and Principles Homework 1 1. Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdowns. 2. Listed below are costs of providing an airline service. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight attendants and pilots are paid based on hours of flight time. 3. Selected costs related to Apple’s iPhone are listed below. Identify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and administrative expenses by selecting the appropriate dropdowns.