Product costs or Period costs | If product costs, DM,DL or MOH | |
1. | Period costs | |
2. | Product costs | MOH |
3. | Period costs | |
4. | Period costs | |
5. | Period costs | |
6. | Product costs | MOH |
7. | Product costs | DM |
8. | Product costs | MOH |
9. | Product costs | DM |
10. | Period costs | |
11. | Product costs | DL |
Each of the following costs parties to Barley Dairy Products Companya dary processing company Classify sach...
Classifying Costs The following is a list of costs incurred by several business Classify each of the following costs as product costs or period costs. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense: Costs Classification a. Cost of fabric used by dothing manufacturer b. Maintenance and repair costs for factory equipment c. Rent for a warehouse...
Classifying Costs The following is a list of costs incurred by several manufacturing companies. Classify each of the following costs as product cost or period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Costs Classification a. Bonus for vice president of marketing b. Costs of operating a research laboratory c. Cost of unprocessed milk for...