Classify the following costs as period or traceable costs. Depreciation on office building Depreciation on factory Insurance
Question:
Classify the following costs as period or traceable costs.
Depreciation on office building Depreciation on factory
Insurance expense for factory building Bonus to factory workers
Product liability insurance premium Salary to marketing staff
Transportation charges for raw materials Administrative expenses
Factory repairs and maintenance Bad debt expense
Rent for inventory warehouse Advertising expenses
Cost of raw materials Research and development
Factory wages Warranty expense
Salary to chief executive officer Electricity for plant
Step by Step Answer:
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer