For each item listed below, indicate in the space to the left whether the item would be considered a product cost or a period cost for a manufacturing company. Use the following code:
Pr = Product cost
Pe = Period cost
____ 1. Factory supervisory salaries
____ 2. Sales commissions
____ 3. Income tax expense
____ 4. Indirect materials used
____ 5. Indirect labor
____ 6. Office salaries expense
____ 7. Property taxes on factory building
____ 8. Sales manager's salary
____ 9. Factory wages expense
____ 10. Direct materials used

Question

Quizplus · Accepted Answer

The Answer of For each item listed below, indicate in the space to the left whether the item would be considered a product cost or a period cost for a manufacturing company. Use the following code:
Pr = Product cost
Pe = Period cost
____ 1. Factory supervisory salaries
____ 2. Sales commissions
____ 3. Income tax expense
____ 4. Indirect materials used
____ 5. Indirect labor
____ 6. Office salaries expense
____ 7. Property taxes on factory building
____ 8. Sales manager's salary
____ 9. Factory wages expense
____ 10. Direct materials used

For Each Item Listed Below, Indicate in the Space to the Left