1. Classify the following costs as either manufacturing (M), selling (S), or administrative (A) expenses in terms of their functions.
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(a) Factory supplies |
(j)Freight in |
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(b) Advertising |
(k)Employer’s payroll taxes –factory |
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(c) Auditing expenses |
(l)Employer’s payroll taxes sales office |
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(d) Rent on general office building |
(m)President’s salary |
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(e) Legal expenses |
(n)Samples |
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(f) Cost of idle time |
(o)Small tools |
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(g) Entertainment and travel |
(p)Sanding materials used in furniture making |
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(h) Freight out |
(q)Cost of machine breakdown |