Question
Categorize each of the following Cost Varieties by placing them within the Product Cost or Period Cost column/system. Cost Variety Product Cost Period Cost Advertising
Categorize each of the following Cost Varieties by placing them within the Product Cost or Period Cost column/system.
Cost Variety | Product Cost | Period Cost |
Advertising expenses for T-shirts Depreciation on PCs in marketing department Fire insurance on corporate headquarters Fire insurance on plant Overtime premium paid assembly workers Factory building maintenance department Factory security guards Property taxes paid on corporate headquarters Salaries of public relations staff Salary of corporate controller Wages of engineers in quality control Wages paid to assembly-line employees Wages paid to employees in finished goods warehouse |
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Once you have divided the Cost Varieties between the Product Cost and Period Cost systems, identify each product cost within the following appropriate sections: Direct Materials, Direct Labor, or Manufacturing Overhead.
Product Cost | Direct Materials | Direct Labor | Manufacturing Overhead |
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