Identify each cost as a period cost or a product cost.
A) Product cost
B) Period cost
86) Depreciation on the office equipment
87) Depreciation on manufacturing equipment
88) CEO's salary
89) Production supervisor's salary
90) Wages for the assembly line workers
91) Materials used in making products
92) Delivery expense
93) Production supervisor's salary
86. B
87. A
88. B
89. A
90. A
91. A
92. B
93. A
You might also like to view...
Answer the following statements true (T) or false (F)
1. One of the reasons a company introduces new products is to exploit customers unfairly. 2. A consequence of advances in technology is that the companies can shorten the product’s life cycle. 3. If the customers do not understand the benefits of a new product, then the new product can fail. 4. Sustaining innovations are targeted toward an existing market. 5. PLM focuses on managing the engineering aspects of a product throughout its useful life.
The amount, if any, of capitalized interest cost for Year 2 is
a. $0 b. $50,000 c. $60,000 d. $180,000 e. $230,000
A . When may the attorney general of a state seek judicial action to dissolve a corporation? b. When may the shareholders of a corporation seek to dissolve it? c. When may the creditors of a corporation seek to dissolve it?
Interest is generally computed on a __________ basis
a. yearly b. monthly c. weekly d. daily