Classify the following costs incurred by a Ranger Boat Company manufacturing plant as product or period costs by placing an "X" in the appropriate column.
$$\begin{array} { | l | c | c | }
\hline & \textbf{Product Cost} & \textbf{Period Cost} \
\hline \text{Cost of boat seats} & & \
\hline \text{Cost of bolts to secure electric motor} & & \
\hline \text{Cost of commission paid to salespeople} & & \
\hline \text{Salary of CEO} & & \
\hline \text{Salary of worker who installs seats into boats} & & \
\hline
\end{array}$$

Question

Classify the following costs incurred by a Ranger Boat Company manufacturing plant as product or period costs by placing an "X" in the appropriate column.
 $$\begin{array} { | l | c | c | } 
\hline & \textbf{Product Cost} & \textbf{Period Cost} \
\hline \text{Cost of boat seats} & & \
\hline \text{Cost of bolts to secure electric motor} & & \
\hline \text{Cost of commission paid to salespeople} & & \
\hline \text{Salary of CEO} & & \
\hline \text{Salary of worker who installs seats into boats} & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Classify the following costs incurred by a Ranger Boat Company manufacturing plant as product or period costs by placing an "X" in the appropriate column.
 $$\begin{array} { | l | c | c | } 
\hline & \textbf{Product Cost} & \textbf{Period Cost} \
\hline \text{Cost of boat seats} & & \
\hline \text{Cost of bolts to secure electric motor} & & \
\hline \text{Cost of commission paid to salespeople} & & \
\hline \text{Salary of CEO} & & \
\hline \text{Salary of worker who installs seats into boats} & & \
\hline
\end{array}$$

Classify the Following Costs Incurred by a Ranger Boat Company