Question
Hello, Product versus period costs --Steinberger Musical Instruments, Inc. is a leading manufacturer of pianos and band and orchestral instruments. The company also maintains ten
Hello,
Product versus period costs--Steinberger Musical Instruments, Inc. is a leading manufacturer of pianos and band and orchestral instruments. The company also maintains ten retail showrooms throughout the world.
Classify each of the following costs as a product or period cost.
A: Sitka spruce wood used in piano soundboards.
B: Glue used to secure xylophone mallet heads to the sticks.
C: Design costs for the company's sales catalog.
D: Salaries of the district sales managers.
E: The CEO's Salary.
F: Salaries of the production workers who make Vito clarinets.
G: Freight charges for the delivery of a piano to a retail showroom.
H: Freight charges for delivery of metal used in trumpets.
I: Legal fees incurred to register the company with state sales tax agencies.
J: Lease payments for a drum manufacturing facility in Monroe, N.C.
K: Lease payments for a piano showroom in Coral Gables, FL.
L: Sandpaper used to smooth the wooden components of a piano.
Just need A - L. Thank you for your help!
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