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Gilbert pic is a furniture manufacturer. How would he classify the following costs?

Cost Fixed Variable Semi-variable

Director’s salary

Wood

Rent of factory

Phone bill - includes a line rental

Factory workers wage

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Chapter4Costclassification

Cost Fixed Variable Semi-varble

Director’s salary 对

Wood 对

Rent of factory 对

Phone bill - includes a line rental 对

Factory workers wage 对

多做几道

Explain what is meant by standard costing

Explain what is meant by a standard cost

Describe four types of standard.

Explain what is meant by a standard hour.

Give five possible sources of information from which a standard materials price may be estimated.

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Explain what is meant by a standard cost
Explain what is meant by a standard hour.