For Each Item Shown Below,classify It as a Product Cost

question 2

Essay

For each item shown below,classify it as a product cost or a period cost,by placing an X in the appropriate column.For each item that is a product cost,also indicate whether it is a direct cost or an indirect cost with respect to a unit of finished product.

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Definitions:

Late 19th Century

A period from 1870 to 1900 characterized by significant industrial, technological, and social changes worldwide.

Paris Commune

A transient government in Paris, led by radical socialists and revolutionaries, which held power from March to May 1871 after France was defeated in the Franco-Prussian War.

Japanese-Mexican Labor Association

An early 20th-century labor union that represented both Japanese and Mexican farm workers in California, advocating for better labor conditions.

Piecework

A system of employment where the worker is paid a fixed rate for each unit produced or action completed rather than receiving an hourly or salaried wage.