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Help on 3,4,and 5 Freight costs incurred in the purchase and receipt of inventory from a supplier is properly referred to as a period cost
Help on 3,4,and 5
Freight costs incurred in the purchase and receipt of inventory from a supplier is properly referred to as a period cost a product cost a selling and administrative cost both a period cost and a selling and administrative cost both a product cost and a selling and administrative cost The salary of a production supervisor would be properly classified as a manufacturing overhead cost a period cost a direct labor cost a product cost both a manufacturing overhead cost and a period cost both a manufacturing overhead cost and a product cost The direct labor costs in a manufacturing business are always reflected as expenses in the period incurred when production is completed when the manufactured products are sold when materials are purchased None of the above is always true for product costs in a manufacturing businessStep by Step Solution
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