Match Each of the Following Costs with the Appropriate Classification

question 93

Short Answer

Match each of the following costs with the appropriate classification (a-e).​
-Electricity used to operate factory machinery
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:

Lateral Cycling

Selling or giving a previously purchased product to someone else to use for its intended purpose.

Polychronic Activity

The practice of handling multiple tasks or events simultaneously, characteristic of people and cultures that value multifaceted engagement.

Consumer Psychologists

Consumer Psychologists study the behaviors, motivations, and decisions of buyers, aiming to understand how marketing strategies and product design influence consumer habits and preferences.

Time Poverty

A feeling of having less time available than is required to meet the demands of everyday living.