Indicate whether each of the following costs is a product cost or a period cost. Assume a manufacturer.
A)________ direct materials used in factory
B)________ factory utilities
C)________ salespersons' commissions
D)________ salary of plant manager
E)________ indirect materials used in factory
F)________ depreciation expense on store equipment
G)________ indirect labor incurred in factory
H)________ advertising expense
I)________ direct labor incurred in factory
J)________ factory machinery repairs and maintenance
K)________ depreciation expense on factory machinery
L)________ supplies used in store
M)________ plant insurance expired
Correct Answer:
Verified
B)product
C)period
D...
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