Which of the following products is least likely to be produced in a process operation?

Multiple Choice

Smartphones

Calculators

Slacks for casual wear

Hammers

Custom cabinetsWhich of the following statements is true regarding product and period costs?

Multiple Choice

Factory rent is a product cost and advertising expense is a period cost.

Office rent is a product cost and supervisors' salaries expense is a period cost.

Delivery expense is a product cost and indirect materials is a period cost.

Office salaries expense and factory maintenance are both product costs.

Sales commissions and indirect labor are both period costs.