Indicate Whether Each of the Following Costs Is a Product

question 201

Essay

Indicate whether each of the following costs is a product cost or a period cost.Assume a manufacturer.
A)_________ Direct materials used in factory
B)_________ Factory utilities
C)_________ Salespersons' commissions
D)_________ Salary of plant manager
E)_________ Indirect materials used in factory
F)_________ Depreciation expense on store equipment
G)_________ Indirect labor incurred in factory
H)_________ Advertising expense
I)_________ Direct labor incurred in factory
J)_________ Factory machinery repairs and maintenance
K)_________ Depreciation expense on factory machinery
L)_________ Supplies used in store
M)_________ Plant insurance expired

• A)_________ Direct materials used in factory
• B)_________ Factory utilities
• C)_________ Salespersons' commissions
• D)_________ Salary of plant manager
• E)_________ Indirect materials used in factory
• F)_________ Depreciation expense on store equipment
• G)_________ Indirect labor incurred in factory
• H)_________ Advertising expense
• I)_________ Direct labor incurred in factory
• J)_________ Factory machinery repairs and maintenance
• K)_________ Depreciation expense on factory machinery
• L)_________ Supplies used in store
• M)_________ Plant insurance expired

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Definitions:

Continuous Disorders

Mental health or medical conditions that do not have a clear start and end point, and are characterized by ongoing or fluctuating symptoms over time.

Comorbidity

The occurrence of two or more diseases or disorders in the same individual at the same time.

DSM-IV-TR Disorder

A mental or behavioral condition as classified in the Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision.

Causality

The relationship between cause and effect, where one event is understood to be the direct result of another.