Match Each of the Following Costs with the Appropriate Classification

question 178

Short Answer

Match each of the following costs with the appropriate classification (a-e).​
-Gloves for factory machine operators
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:

Standard Normal

An ordinary distribution with a 0 mean and a 1 standard deviation.

Random Variable

A variable with numerical outcomes derived from random occurrences.

Standard Normal

Refers to a normal distribution with a mean of 0 and a standard deviation of 1, used as a basis for comparing and standardizing normal distributions.

Random Variable

A variable whose outcomes depend on the results of a random phenomenon.