For each item, choose all applicable cost labels. Use the codes below in your answer. More than one code may be applicable.
-Repairs to office equipment
A) Prime Cost
B) Conversion Cost
C) Product Cost
D) Period Cost

Question

Quizplus · Accepted Answer

Repairs to office equipment are considered period costs because they are expenses that are incurred to support the business operations during a period and are not directly tied to the production process. They are expensed in the period in which they occur and do not directly affect the cost of manufacturing a product.

For Each Item, Choose All Applicable Cost Labels