Question

Period costs (Refer to Question 3 in SQ) Select all that apply. A Shipping B R&D...

Period costs (Refer to Question 3 in SQ)

 Select all that apply.
A Shipping
B R&D
C COGS
D Factory Supervisor's Monthly Salary
E Pizza oven depreciation
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Period Costs are those costs which are not directly related to the production process and are recognized as an
expense in the period in which they are incurred.
The following are Period costs:
R&D costs
Factory Supervisor's Monthly Salary
Pizza Overn Depreciation
Note:Shipping Costs are part of Product costs as those are the costs which are incurred to get the goods to the Buyer's place.
Shipping costs are included in the cost of inventory and hence can't be classified as Period costs
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Identify the following expenses that are period costs:    Select all that apply. Group of answer choices...
Identify the following expenses that are period costs:    Select all that apply. Group of answer choices Accounting software license Sales staff incentive payments Depreciation of the administration building Production supervisor salary Direct labor overtime premiums
Which of the following differential equations are separable? (Select all that apply.) A. ????=??−?d B. ????=−3?...
Which of the following differential equations are separable? (Select all that apply.) A. ????=??−?d B. ????=−3? C. ????=?+1 D. ????=?2−?2 E. None of the above Now consider the following more general question about differential equations. ∫?′(?)??=∫??? Which of the following functions ?(?) satisfy this equation? (Select all that apply.) A. ?(?)=7?2 B. ?(?)=12?2 C. ?(?)=?−7 D. ?(?)=7? E. ?(?)=? F. ?(?)=?+7 G. ?(?)=12?2+7 H. ?(?)=12?2−7 I. None of the above
Which of the following is an example of a period cost in a company that makes...
Which of the following is an example of a period cost in a company that makes clothing? a. Monthly depreciation on production equipment b. Fabric used to produce men's pants c. Advertising cost for a new line of clothing d. Factory supervisor's salary
Categorize the following costs into product and direct material, product and direct labor, product and manufacturing...
Categorize the following costs into product and direct material, product and direct labor, product and manufacturing overhead, period and selling and marketing expense and period and general and admin expense.       -       A.       B.       C.       D.       E.    Wages of salespersons are       -       A.       B.       C.       D.       E.    Salaries of machine operators are       -...
Simple Rate of Return/Payback Period Lugano’s Pizza Parlor is considering the purchase of a large oven...
Simple Rate of Return/Payback Period Lugano’s Pizza Parlor is considering the purchase of a large oven and related equipment for mixing and baking “crazy bread.” The oven and equipment would cost $289,000 delivered and installed. It would be usable for about 15 years, after which it would have a 10% scrap value. The pizza parlor uses straight-line depreciation on all assets. Annual incremental revenue and cash inflows for the “crazy bread” would be $144,000 and annual incremental costs and cash...
Which of the following are resistant measures of​ dispersion? Select all that apply. A. Range B....
Which of the following are resistant measures of​ dispersion? Select all that apply. A. Range B. Mean C. Variance D. Median E. Interquartile Range F. Standard Deviation
1) Which of the following is the Earth located in? (Select all that apply.) a) the...
1) Which of the following is the Earth located in? (Select all that apply.) a) the solar system b) the Milky Way Galaxy c) the Local Group of galaxies d) the Virgo supercluster e) the universe 2) The laws of nature (as determined by scientists) (Select all that apply.) a) are constructed from many observations and hypotheses and experiments b) apply both on Earth and among the stars c) can never change once they are written down in textbooks d)...
Matching all of them theres 15 total only 11 words The costs listed below are related...
Matching all of them theres 15 total only 11 words The costs listed below are related to a manufacturer of All-natural ice cream. Classify the following costs as a. Direct Material b. Direct Labor c. Overhead ____ 1. Maintenance on factory building ____ 2. Cream ____ 3. Mixing department wages ____ 4. Vanilla ____ 5. Factory supervisor's salary ____ 6. Machine oil for mixing machines ____ 7. Sugar ____ 8. Machine operator wages ____ 9. Factory maintenance labor ____ 10....
Identify whether each of the below costs are direct materials, direct labor, manufacturing overhead, or period...
Identify whether each of the below costs are direct materials, direct labor, manufacturing overhead, or period costs. a) Advertising to sell the product b) Shipping costs for raw materials coming from a supplier c) Shipping costs for goods shipped to a customer d) Chief executive officer’s salary e) Production supervisor’s salary f) Depreciation on production equipment g) Raw materials used in production h) Paper used by the accounting staff i) Maintenance of production equipment j) Commissions paid to salespeople k)...
Classify each of the following independent costs as a product or period costs and whether they...
Classify each of the following independent costs as a product or period costs and whether they are variable cost or fixed cost: A. Depreciation using the units of production method on packaging equipment. B. Sheet aluminum used in making airplanes. C. Wages of assembly line workers. D. Salaries of plant security guards. E. Insurance for employees on the automotive assembly line. F. Straight-line Depreciation on the corporate office building. G. Factory heating costs. H. Adverting costs incurred by Adams Cable...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT