Question
Classify the costs below as product costs or period costs. Also classify the costs as variable or fixed with respect to the volume of production.
Classify the costs below as product costs or period costs. Also classify the costs as variable or fixed with respect to the volume of production.
What inferences do you draw about the correspondence between the two concepts?
Sales commissions
Sales manager salary
Distribution costs
Production supervisor
Factory rent
Corporate office expenses
Product components
Supplies used in manufacturing
Direct manufacturing labor
Plant manager salary
**"factory rent" is period or product cost?? I'm having trouble because some sources are saying one or other can't decide which.
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