Classifying costs: product or SG&A cost; asset or expense Required Use the following format to classify each
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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.
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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
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
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