Question: Classifying costs: product or SG&A cost; asset or expense Required Use the following format to classify each cost as a product cost or a selling,

Classifying costs: product or SG&A cost; asset or expense

Required
Use the following format to classify each cost as a product cost or a selling, general, and administrative (SG&A) cost. Also indicate whether the cost would be recorded as an asset or an expense. The first cost item is shown as anexample.

Classifying costs: product or SG&A cost; asset or expense Required

Product/ SG&A Asset/ Expense Expense Cost Category Paper and ink cartridges used in the cashier's office Raw material used to make products Lubricant used to maintain factory equipment Cost of a delivery truck Cash dividend to stockholders Cost of merchandise shipped to customers Depreciation on vehicles used by salespeople Wages of administrative building security guards Supplies used in the plant manager's office Purchase of computers for the accounting department Depreciation on computers used in factory Natural gas used in the factory Cost of television commercials Wages of factory workers SG&A

Step by Step Solution

3.45 Rating (181 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Cost Category Product SGA Asset Expense Paper and ink cartridges used in the ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

276-B-M-A-M-A (640).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!