Match Each of the Following Costs with the Appropriate Classification

question 172

Short Answer

Match each of the following costs with the appropriate classification (a-e).​
-Bonuses paid to salespersons
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:

Illustrative Example

An example used to illustrate or explain a concept, idea, or principle more clearly.

Process

A series of actions or steps taken to achieve a particular outcome or to transform inputs into outputs.

Racial Group

A category of people identified by shared physical or social qualities into groups considered by society to be socially significant, often based on characteristics like skin color or ancestry.

Ethnic Group

A collection of people who identify with each other and share a common culture.