Question

Instructions Classify each cost as either a product cost or a period cost. Indicate whether each ne cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate each period cost is a selling expense or an administrative expense. Use the followin headings for your answer, placing an "X" in the appropriate column: whether g tabula Period Costs Product Costs Direct Cost Direct Factory Materials Labor Overhead Selling Expense Administrative Expense Cost Cost Cost PR 15-2B Classifying costs The following is a list of costs incurred by several businesses: A. Salary of quality control supervisor B. Packing supplies for products sold. These supplies are a very small portion of the total cost of t C. Factory operating supplies D. Depreciation of factory equipment E. Hourly wages of warehouse laborers F. Wages of company controller's secretary G. Maintenance and repair costs for factory equipment Obj, 2

Answer 1

Answer:

a. Salary of quality control supervisor	Product cost	Factory overhead cost
b. Packing supplies for products sold. These supplies are a very small portion of the total cost of the product.	Product cost	Factory overhead cost
c. Factory operating supplies	Product cost	Factory overhead cost
d. Depreciation of factory equipment	Product cost	Factory overhead cost
e. Hourly wages of warehouse laborers	Product cost	Factory overhead cost
f. Wages of company controller’s secretary	Period cost	Administrative expanses
g. Maintenance and repair costs for factory equipment	Product cost	Factory overhead cost