Classify the following costs incurred by a Toyota manufacturing plant as product or period costs by selecting
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Question:
Classify the following costs incurred by a Toyota manufacturing plant as product or period costs by selecting an “X” in the appropriate columns. Identify whether the product costs are direct materials, direct labor, or overhead.
Product Cost | Period Cost | ||||||||
Direct Material | Direct Labor | Over head | |||||||
Cost of steering wheel | |||||||||
Wages and benefits of assembly line workers | |||||||||
Commissions paid to salespeople | |||||||||
Wages of security guard at manufacturing plant | |||||||||
Cost of glue to secure carpet to floor of autos |
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