Match Each of the Following Costs with the Appropriate Classification

question 67

Short Answer

Match each of the following costs with the appropriate classification (a-e).​
-Carrying cases for a manufacturer of video camcorders
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:

Assumptions

Beliefs or ideas accepted as true without proof, often used as a starting point for reasoning and decision making.

Company Policy

A set of rules or guidelines developed by a business to outline its operations, standards, and ethical expectations.

Flip Flops

A type of light sandal, typically with a flat sole connected to the foot by a Y-shaped strap that passes between the first and second toes and around both sides of the foot.

Voice Quality

A characteristic of speech that involves tone, pitch, and loudness, contributing to the unique sound of an individual’s voice.