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Question 4 (20) Classify the following items as product or period costs. If you have classified an item as product cost, indicate whether it is
Question 4 (20) Classify the following items as product or period costs. If you have classified an item as product cost, indicate whether it is direct materials, direct labour, or manufacturing overheads. If you have classified an item as period cost, indicate whether it is a marketing/selling or an administrative cost. 4.1 Raw materials used to manufacture products 4.2 Wages of workers who handle material during the production process 4.3 Advertising costs 4.4 Depreciation on a vehicle used by the managing director 4.5 The production manager's salary 4.6 Lease payments on manufacturing equipment Z ASSESSOR: MODERATOR: 4.7 Lease payments on vehicles used by sales personnel 4.8 Depreciation on manufacturing equipment 4.9 Rent on factory building 4.10 Cleaning materials used by production workers
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