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:

Labor Surplus

A situation in which the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.

Outsourcing Strategy

A business policy where a company hires external vendors to perform tasks, handle operations or provide services that are either difficult to manage or are outside of the company's core business.

Quality-Control Problems

Issues related to the process of ensuring a product or service meets a defined set of quality standards.

Core Competency

A central skill or advantage that a business can leverage to distinguish itself from competitors and succeed in its market.