Question

Problem 3-21 Identify the following costs as product or period: Office supplies Freight on goods purchased...

Problem 3-21

Identify the following costs as product or period:

Office supplies

Freight on goods purchased with terms FOB shipping point

Salary of the marketing director

Freight on goods sold to customer with terms FOB destination

Utilities expense incurred for office building

Advertising expense

Insurance on vans used to deliver goods to customers

Salaries of sales supervisors

Monthly maintenance expense for a copier

Goods purchased for resale
Business   Accounting   
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Answer #1
Office supplies Product
Freight on goods purchased with terms FOB shipping point Product
Salary of the marketing director Period
Freight on goods sold to customer with terms FOB destination Product
Utilities expense incurred for office building Product
Advertising expense Period
Insurance on vans used to deliver goods to customers Period
Salaries of sales supervisors Period
Monthly maintenance expense for a copier Period
Good purchased for resale Product
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