Solved

Indicate Whether Each of the Following Costs Is a Product

Question 107

Essay

Indicate whether each of the following costs is a product cost or a period cost.Assume a manufacturer.
A)_________ Direct materials used in factory
B)_________ Factory utilities
C)_________ Salespersons' commissions
D)_________ Salary of plant manager
E)_________ Indirect materials used in factory
F)_________ Depreciation expense on store equipment
G)_________ Indirect labor incurred in factory
H)_________ Advertising expense
I)_________ Direct labor incurred in factory
J)_________ Factory machinery repairs and maintenance
K)_________ Depreciation expense on factory machinery
L)_________ Supplies used in store
M)_________ Plant insurance expired

Correct Answer:

verifed

Verified

A)Product B)Product C)Period D...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents