Match Each of the Following Costs with the Appropriate Classification

question 50

Short Answer

Match each of the following costs with the appropriate classification (a-e).​
-Cost of company holiday party
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:

Labour Markets

The supply and demand dynamics of workers, where employers seek to hire labor and individuals offer their skills and abilities in exchange for compensation.

Business Dealings

The formal relations and transactions conducted between businesses or between businesses and individuals.

Computer Languages

Formal languages comprising a set of instructions that can be used to produce various kinds of output, including software programs, used in computing.

Organisation

A structured group of individuals working together to achieve common goals or objectives.