Man t Cc and ng 11. Which of the following is NOT a period cost? A. Monthly depreciation of the equipment in a fitness room used by factory workers. B. Salary of a billing clerk. C. Insurance on a company showroom, where current and potential customers can view new products D. Cost of a seminar concerning tax law updates that was attended by the company's controller. ? 12. Factory supplies in a manufacturing plant are most likely: A. sunk costs. B. period costs. C variable costs. D. excluded from product costs. 13. Inventoriable (i.e., product) costs that have become expenses can be found in: A. period costs. B. selling expenses. cost of goods sold. D. administrative expenses. 14. Which of the following statements about product costs is true? A. Product costs are deducted from revenue when the production process is completed. B. Product costs are deducted from revenue as expenditures are made. Product costs associated with unsold finished goods and work in process appear on the balance she assets. D. Product costs appear on financial statements only when products are sold. ? 15. Which of the following is an example of a period cost? A. Fabric used to produce men's pants. B Advertising cost for a new product campaign. Factory supervisor's salary. D. Monthly depreciation of production equipment. 16. Desco Electronics, Inc. manufactures car radios. The direct material cost assigned to car radio Desco started during the period but did not fully complete would be found in the ending balance c A. raw materials inventory. B. work in process inventory. C. finished goods inventory. D. both raw materials inventory and work in process inventory. 17. Within the relevant range, as the number of units produced increases: A. the variable cost per unit remains the same. B. fixed costs in total remain the same. C. variable costs increase in total. (D) All of these.