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Instructions: Indicate for each of the following costs whether it is a product cost or a period costs. Cost of grapes purchased by a winery.
Instructions: Indicate for each of the following costs whether it is a product cost or a period costs.
- Cost of grapes purchased by a winery.
- Depreciation on pizza ovens in a pizza restaurant
- Cost of plant managers salary in a computer production facility
- Wages of security personnel in a department store.
Instructions: For each of the following costs, indicate whether the amount is a direct or indirect cost of the equipment maintenance department.
- Cost of electricity used in the maintenance department
- Depreciation on the building space occupied by the maintenance department
- Idle time of maintenance department employees
- Cost of plant managers salary which is allocated to maintenance department
- Cost of property taxes allocated to the maintenance department.
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