Armstrong Helmet

Topics: Variable cost, Costs, Management accounting Pages: 11 (1261 words) Published: December 28, 2012
Armstrong Helmet Company
Group Assignment

1. Product costs or period costs classification report

|Item |Product Costs |Period | | | |Costs | | |Direct |Direct |Manufacturing | | | |Materials |Labour |Overheads | | |Administrative salaries | | | |15,500 | |Advertising for helmet | | | |11,000 | |Depreciation on factory building | | |1,500 | | |Depreciation on office equipment | | | |800 | |Insurance on factory building | | |1,500 | | |Miscellaneous expenses—factory | | |1,000 | | |Office supplies expense | | | |300 | |Professional fees | | | |500 | |Property taxes on factory building | | |400 | | |Raw materials used |70,000 | | | | |Rent on production equipment | | |6,000 | | |Research and development | | | |10,000 | |Sales commissions | | | |40,000 | |Utility costs—factory | | |900 | | |Wages—factory | |70,000 | | | |TOTAL |70,000 |70,000 |11,300 |78,100 |

2. Variable costs or fixed costs classification report

|Item |Variable Costs |Fixed |Total | | | |Costs |Costs | |Administrative salaries | |15,500 |15,500 | |Advertising for helmet | |11,000 |11,000 | |Depreciation on factory building | |1,500 |1,500 | |Depreciation on office equipment | |800 |800 | |Insurance on factory building | |1,500 |1,500 | |Miscellaneous expenses—factory |1,000 |...
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