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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 27
A Product and period costs
Identify the following costs as a product cost or a period cost for an automobile manufacturer:
a. steel
b. wages of employees that operate painting equipment
c. Rent on office building
d. Sales staff salaries
B Product and period costs
Identify the following costs as a product cost or a period cost for a magazine publisher:
a. Sales salaries
b. Paper used for the magazine
c. Maintenance on printing machines
d. Depreciation expense-corporate headquarters
Identify the following costs as a product cost or a period cost for an automobile manufacturer:
a. steel
b. wages of employees that operate painting equipment
c. Rent on office building
d. Sales staff salaries
B Product and period costs
Identify the following costs as a product cost or a period cost for a magazine publisher:
a. Sales salaries
b. Paper used for the magazine
c. Maintenance on printing machines
d. Depreciation expense-corporate headquarters
Explanation
Verified
Verified
Product costs
Product costs are those w...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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