Kitchens by Kate,maker of kitchen cabinets,incurred the following costs during the current year:
Required: Classify each cost as either a product or period cost. $\begin{array}{|l|l|l|}\hline &\text { Product }&\text { Period }\
\hline \text {1. Depreciation on vans used by the sales staff. }&& \
\hline \text {2. Salary of Kitchen's By Kate's chief executive officer }&& \
\hline \text { 3. Screws used in the production process}& \
\hline \text {4. Janitorial supplies for factory washroom }& \
\hline \text {5. Research and development costs }&&\
\hline \text { 6. Froperty taxes on factory building}& \
\hline \text { 7. Salary of company controller}&& \
\hline \text { 8. Depreciation on furniture in factory lunchroom}& \
\hline \text { 9. Cost of lubricating machinery}& \
\hline \text {10. Wood used in production process }& \
\hline
\end{array}$

Question

Kitchens by Kate,maker of kitchen cabinets,incurred the following costs during the current year:
Required: Classify each cost as either a product or period cost. $\begin{array}{|l|l|l|}\hline &\text { Product }&\text { Period }\
\hline  \text {1. Depreciation on vans used by the sales staff. }&& \
\hline  \text {2. Salary of Kitchen's By Kate's chief executive officer }&& \
\hline  \text { 3. Screws used in the production process}& \
\hline  \text {4. Janitorial supplies for factory washroom }& \
\hline  \text {5. Research and development costs }&&\
\hline  \text { 6. Froperty taxes on factory building}& \
\hline  \text { 7. Salary of company controller}&& \
\hline  \text { 8. Depreciation on furniture in factory lunchroom}& \
\hline  \text { 9. Cost of lubricating machinery}& \
\hline  \text {10. Wood used in production process }& \
\hline 
\end{array}$

Quizplus · Accepted Answer

The Answer of Kitchens by Kate,maker of kitchen cabinets,incurred the following costs during the current year:
Required: Classify each cost as either a product or period cost. $\begin{array}{|l|l|l|}\hline &\text { Product }&\text { Period }\
\hline  \text {1. Depreciation on vans used by the sales staff. }&& \
\hline  \text {2. Salary of Kitchen's By Kate's chief executive officer }&& \
\hline  \text { 3. Screws used in the production process}& \
\hline  \text {4. Janitorial supplies for factory washroom }& \
\hline  \text {5. Research and development costs }&&\
\hline  \text { 6. Froperty taxes on factory building}& \
\hline  \text { 7. Salary of company controller}&& \
\hline  \text { 8. Depreciation on furniture in factory lunchroom}& \
\hline  \text { 9. Cost of lubricating machinery}& \
\hline  \text {10. Wood used in production process }& \
\hline 
\end{array}$

Kitchens by Kate,maker of Kitchen Cabinets,incurred the Following Costs During