Identifying product and period costs Required Indicate whether each of the following costs is a product cost
Question:
Required
Indicate whether each of the following costs is a product cost or a period (selling and administrative) cost.
a. Advertising expense.
b. Insurance on vans used to deliver goods to customers.
c. Salaries of sales supervisors.
d. Monthly maintenance expense for a copier.
e. Goods purchased for resale.
f. Cleaning supplies for the office.
g. Freight on goods purchased for resale.
h. Salary of the marketing director.
i. Freight on goods sold to customer with terms FOB destination.
j. Utilities expense incurred for office building.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Survey of Accounting
ISBN: 978-0078110856
3rd Edition
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
Question Posted: