Which of the following is an expense account reported on the income statement of a manufacturing firm? a. Finished Goods Inventory. b. Cost of Goods Sold. c. Both of the above. d. None of the above.

A manufacturing firm is depreciating a salespersons car. How would the cost be classified? a. Product Cost - Direct Labor. b. Product Cost - Manufacturing Overhead. c. Period Cost - Selling. d. Period Cost - Administration.

A manufacturing firm pad the salary of a factory supervisor. How would the cost be classified? a. Product Cost - Direct Labor. b. Product Cost - Manufacturing Overhead. c. Period Cost - Selling. d. Period Cost - Administration.