In a Manufacturing Firm, Which of the Following Is an Example

question 166

Multiple Choice

In a manufacturing firm, which of the following is an example of a period cost?

• A)Advertising expense
• B)Depreciation on factory equipment
• C)Indirect materials
• D)Property taxes for the factory

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Definitions:

U.S. Dollar

The official currency of the United States, which serves as a major reserve currency and is used in many international transactions.

Federal Budget Surplus

A financial situation where the government's revenue exceeds its expenditures within a fiscal year.

Federal Outlays

Government spending or expenditures, including on services, social security, defense, and interest on debt.

Stock Variable

A measurement at a specific point in time, such as the amount of money in a bank account or stock of goods.