Matching
Classify the following costs as either a product cost or a period cost:
Premises:
salespersons’ commissions
advertising expense
plant insurance expired
indirect labor incurred
salary of plant manager
indirect materials used
factory utilities
factory machinery repairs and maintenance
depreciation on factory machinery
direct materials used
direct labor incurred
depreciation on store equipment
Responses:
period cost
product cost
Correct Answer:
Premises:
Responses:
salespersons’ commissions
advertising expense
plant insurance expired
indirect labor incurred
salary of plant manager
indirect materials used
factory utilities
factory machinery repairs and maintenance
depreciation on factory machinery
direct materials used
direct labor incurred
depreciation on store equipment
Premises:
salespersons’ commissions
advertising expense
plant insurance expired
indirect labor incurred
salary of plant manager
indirect materials used
factory utilities
factory machinery repairs and maintenance
depreciation on factory machinery
direct materials used
direct labor incurred
depreciation on store equipment
Responses:
Related Questions
Q31: Product costs are not expensed until the
Q47: Nonmanufacturing costs are classified into two categories:
Q64: Cost of Materials Used $45,000 Direct Labor
Q65: Rosalba Manufacturing Company had the following account
Q68: Cost of Materials Used $45,000 Direct Labor
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2083/.jpg" alt=" What is the amount
Q72: Magnus Industries has the following data:<br> <img
Q98: Rent expense incurred on a factory building
Q143: Control is the process of monitoring operating
Q161: Product costs include direct labor and advertising