Identify the following costs as a product cost or a period cost for a magazine publisher.
a. Sales salaries
b. Paper used for the magazine
c. Maintenance on printing machines
d. Depreciation expense—corporate headquarters
Answer:
a. Period cost
b. Product cost
c. Product cost
d. Period cost
Identify the following costs as a product cost or a period cost for an automobile manufacturer.
a. Steel
b. Wages of employees that operate painting equipment
c. Rent on office building
d. Sales staff salaries
Answer:
a. Product cost
b. Product cost
c. Period cost
d. Period cost
No comments:
Post a Comment