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Is this correct? Can you please explain the calculations/reasons some of them are correct. You do not need to explain why every single on of

image text in transcribed Is this correct? Can you please explain the calculations/reasons some of them are correct. You do not need to explain why every single on of them is correct. Just a couple. Thank you.

dentify each cost listed blow as either a product or period cost: 1. If the cost is identified as a product cost, classify the cost as direct material, direct labor or factory overhead 2. If the cost is identified as a period cost, classify the cost as a selling expense or general and administrative expense. Product Costs Direct Direct Factory Material Labor Overhead Period Costs unt Selling Gen & Admin Example: Advertising Expense Depreciation Expense Office Equip Depreciation Expense Selling Equip Depreciation Expense Factory Equip Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchased Rent expense Office space Rent expense Selling space Rent expense Factory building Maintenance expense factory equip Sales Sales Salaries Expense

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