Match Each of the Following Costs with the Appropriate Classification

question 108

Short Answer

Match each of the following costs with the appropriate classification (a-e).​
-Steel for a construction contractor
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:

Collaboration

The process of two or more people or organizations working together to complete a task or achieve a goal.

Output Control System

A management strategy focusing on measuring and regulating the outputs or results of a process, rather than the process itself.

Performance Data

Information and metrics related to the efficiency, effectiveness, and outcomes of an operation or process.

Growth Opportunities

Potential situations or actions that can lead to an expansion in business size, operations, or profitability.