Question: Question 4 (20) Classify the following items as product or period costs. If you have classified an item as product cost, indicate whether it is

 Question 4 (20) Classify the following items as product or period

Question 4 (20) Classify the following items as product or period costs. If you have classified an item as product cost, indicate whether it is direct materials, direct labour, or manufacturing overheads. If you have classified an item as period cost, indicate whether it is a marketing/selling or an administrative cost. 4.1 Raw materials used to manufacture products 4.2 Wages of workers who handle material during the production process 4.3 Advertising costs 4.4 Depreciation on a vehicle used by the managing director 4.5 The production manager's salary 4.6 Lease payments on manufacturing equipment Z ASSESSOR: MODERATOR: 4.7 Lease payments on vehicles used by sales personnel 4.8 Depreciation on manufacturing equipment 4.9 Rent on factory building 4.10 Cleaning materials used by production workers

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Accounting Questions!