Question: Classify each cost as a period or a product cost. 1. Advertising costs 2. Glue and nails used in production 3. Depreciation on factory equipment
Classify each cost as a period or a product cost.
| 1. | Advertising costs |
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| 2. | Glue and nails used in production |
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| 3. | Depreciation on factory equipment | ||||
| 4. | Sales commission paid to salesperson | ||||
| 5. | Salary of controller |
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| 6. | Wages paid to assembly-line workers | ||||
| 7. | Flour used in baking cakes | ||||
| 8. | Utilities of the factory building | ||||
| 9. | Property taxes paid on the main office building |
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| 10. | Office supplies purchased |
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