Homework Answers
|
a. |
Period cost, selling expense |
|
b. |
Period cost, administrative expense |
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c. |
Product cost, Direct materials cost |
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d. |
Product cost, Factory overhead cost |
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e. |
Period cost, selling expense |
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f. |
Product cost, Factory overhead cost |
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g. |
Product cost, Factory overhead cost |
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h. |
Product cost, Direct labor cost |
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i. |
Product cost, Factory overhead cost |
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j. |
Product cost, Direct materials cost |
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k. |
Product cost, Factory overhead cost |
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l. |
Product cost, Direct materials cost |
|
m. |
Product cost, Factory overhead cost |
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n. |
Product cost, Direct materials cost |
|
o. |
Period cost, administrative expense |
|
p. |
Product cost, Factory overhead cost |
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q. |
Product cost, Factory overhead cost |
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r. |
Period cost, selling expense |
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s. |
Product cost, Direct materials cost |
|
t. |
Period cost, selling expense |
|
u. |
Product cost, Factory overhead cost |
|
v. |
Product cost, Direct labor cost |
|
w. |
Period cost, administrative expense |
|
x. |
Period cost, selling expense |
|
Cost |
Product costs |
Period cost |
|||
|
Direct materials cost |
Direct labor cost |
Factory overhead cost |
Selling expense |
Administrative expense |
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a. |
X |
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b. |
X |
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c. |
X |
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d. |
X |
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e. |
X |
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f. |
X |
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g. |
X |
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h. |
X |
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i. |
X |
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j. |
X |
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k. |
X |
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l. |
X |
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m. |
X |
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n. |
X |
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o. |
X |
||||
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p. |
X |
||||
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q. |
X |
||||
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r. |
X |
||||
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s. |
X |
||||
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t. |
X |
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u. |
X |
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v. |
X |
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w. |
X |
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x. |
X |
Product costs are associated with the production of goods. Direct materials, direct labor and factory overhead cost are included in it
Period costs are associated with the general and administrative expenses. They are not part of manufacturing costs.
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