Classify Each of the Following Costs for Harrison Company as a Selling

Question 150

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Classify each of the following costs for Harrison Company as a selling or general and administrative period cost or as a direct or indirect product cost by entering the dollar amount(s) in the appropriate column(s):Paid $75,000 in wages for employees who assemble the company's products.Paid sales commissions of $58,000.Paid $38,000 in salaries for factory supervisors.Paid $88,000 in salaries for executives (president and vice presidents).Recorded depreciation cost of $25,000. $13,000 was depreciation on factory equipment and $12,000 was depreciation on the company headquarters building.Paid $4,000 for various supplies that it used in the factory (oil and materials used in machine maintenance).Used $10,000 in prepaid corporate liability insurance.
Classify each of the following costs for Harrison Company as a selling or general and administrative period cost or as a direct or indirect product cost by entering the dollar amount(s) in the appropriate column(s):Paid $75,000 in wages for employees who assemble the company's products.Paid sales commissions of $58,000.Paid $38,000 in salaries for factory supervisors.Paid $88,000 in salaries for executives (president and vice presidents).Recorded depreciation cost of $25,000. $13,000 was depreciation on factory equipment and $12,000 was depreciation on the company headquarters building.Paid $4,000 for various supplies that it used in the factory (oil and materials used in machine maintenance).Used $10,000 in prepaid corporate liability insurance.

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