Question

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. For each of the following, indicate whether the cost would typically be considered product or period cost for the cost object given. Clear All Electricity costs to run the factory Accountant salaries Product Selling costs for the period Period Delivery costs to take the bicycles to stores Tires for the bicycles

Answer 1

Electricity cost To run the Factory	Product Cost
Accountant Salaries	Period Cost
selling cost for the period	Period Cost
Delivery Costs to take the bicycles to Stores	Period Cost
Tire for the Bicycles	Product Cost

Product Cost includes all the Direct cost ( Direct Material, Direct Labor, Direct Expenses) and Manufacturing overhead cost both Fixed and Variable

Period cost Includes  all the Operational, Administrative, Selling and Distribution Expenses