product vs period cost
Studied by 0 people
Call with Kai
Knowt Play
Learn
Practice Test
Spaced Repetition
Match
Flashcards1/28
There's no tags or description
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
29 Terms
Wages of assembly-line workers
Product cost – Direct labor (inside factory)
Factory supervisor’s salary
Product cost – Indirect labor, part of manufacturing overhead
Factory rent or lease
Product cost – Manufacturing overhead
Factory utilities (power, heat, water)
Product cost – Manufacturing overhead
Depreciation on factory equipment
Product cost – Manufacturing overhead
Property taxes on factory building
Product cost – Manufacturing overhead
Insurance on factory
Product cost – Manufacturing overhead
Indirect materials such as glue, nails, sandpaper
Product cost – Manufacturing overhead (indirect materials)
Maintenance on production machines
Product cost – Manufacturing overhead
Quality-control inspection in plant
Product cost – Manufacturing overhead
Forklift fuel used in warehouse
Product cost – Manufacturing overhead
Lubricants or small tools for machines
Product cost – Manufacturing overhead
Factory janitorial staff wages
Product cost – Manufacturing overhead
Direct materials such as lumber, steel, fabric
Product cost – Direct materials
Office rent or corporate HQ lease
Period cost – Administrative expense (outside factory)
Office utilities
Period cost – Administrative expense
Administrative salaries (CEO, HR, accountants)
Period cost – Administrative expense
Depreciation on office equipment
Period cost – Administrative expense
Insurance on administrative offices
Period cost – Administrative expense
Property taxes on headquarters
Period cost – Administrative expense
Sales commissions
Period cost – Selling expense
Advertising or marketing costs
Period cost – Selling expense
Sales salaries
Period cost – Selling expense
Delivery or freight-out to customers
Period cost – Selling expense
Depreciation on delivery trucks
Period cost – Selling expense
Legal and accounting fees
Period cost – Administrative expense
Telephone or internet for sales office
Period cost – Selling expense
Bad-debt expense
Period cost – Administrative expense