Match Each of the Following Costs with the Appropriate Classification

question 174

Short Answer

Match each of the following costs with the appropriate classification (a-e).​
-Production supervisor's salary
A)Product cost - direct materials
B)Product cost - direct labor
C)Product cost - factory overhead
D)Period cost - selling expense
E)Period cost - administrative expense

• A)Product cost - direct materials
• B)Product cost - direct labor
• C)Product cost - factory overhead
• D)Period cost - selling expense
• E)Period cost - administrative expense

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Definitions:

Correlation

A statistical measure that expresses the extent to which two variables fluctuate together, indicating the strength and direction of their relationship.

Reliable

Capable of being trusted or depended upon; consistent in performance or outcome.

Correlation Coefficient

A numerical indicator showing the degree to which multiple variables co-vary.

Cause-and-Effect Relationship

A connection between two events where one event (cause) leads to the outcome of another event (effect).