Managerial and Cost Accounting Chapter 2 Part 1 (Written Answer)
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17 Terms
Determine whether the following is a direct or indirect cost, the cost object in this context is the Produce Department of a grocery store.
Wages of checkout clerks
Indirect
Determine whether the following is a direct or indirect cost, the cost object in this context is the Produce Department of a grocery store.
Wages of workers in produce:
Direct
Determine whether the following is a direct or indirect cost, the cost object in this context is the Produce Department of a grocery store.
Depreciation on refrigerated produce display:
Direct
Determine whether the following is a direct or indirect cost, the cost object in this context is the Produce Department of a grocery store.
Cost of weekly advertisements
Indirect
Determine whether the following is a direct or indirect cost, the cost object in this context is the Produce Department of a grocery store.
Cost of bananas, produce
Direct
Determine whether the following is a direct or indirect cost, the cost object in this context is the Produce Department of a grocery store.
Baggies / Twist Ties for shoppers:
Direct
Determine whether the following is a direct or indirect cost, the cost object in this context is the Produce Department of a grocery store.
Monthly lease payment:
Indirect
Determine whether the following is a direct or indirect cost, the cost object in this context is the Produce Department of a grocery store.
Cost of scales hanging in produce department:
Direct
Describe whether the following is a Product Cost or a Period Cost.
Cost of leasing retail locations
Period cost
Describe whether the following is a Product Cost or a Period Cost.
Cost of managers’ and associates’ salaries:
Period cost
Describe whether the following is a Product Cost or a Period Cost.
Cost of merchandise purchased for sale:
Product cost
Describe whether the following is a Product Cost or a Period Cost.
Cost of designing, operating company website:
Period cost
Describe whether the following is a Product Cost or a Period Cost.
Cost of shipping merchandise to the store:
Product cost
Describe whether the following is a Product Cost or a Period Cost.
Cost of providing free shipping to customers who buy online:
Period cost
Describe whether the following is a Product Cost or a Period Cost.
Cost of utilities used in running retail locations
Period cost
Describe whether the following is a Product Cost or a Period Cost.
Cost of import duties paid on merchandise purchased from international suppliers.
Product cost
Describe whether the following is a Product Cost or a Period Cost.
Depreciation on store shelving and shopping carts:
Period cost
Note 
Flashcards (22)