Identify Each Cost as a Period Cost or a Product

question 53

Multiple Choice

Identify each cost as a period cost or a product cost.
-Wages for the assembly line workers

• A)Product cost
• B)Period cost

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Definitions:

SAP

Systems, Applications & Products in Data Processing, a European multinational software corporation that makes enterprise software to manage business operations and customer relations.

IBM

International Business Machines, a multinational technology company known for its computer hardware, software, and IT services.

Microsoft

A multinational technology company known for its software products, including the Windows operating system, Office productivity suite, and Azure cloud services.

Apple

Apple Inc. is an American multinational technology company known for its consumer electronics, software, and online services, including the iPhone, iPad, Mac computers, iOS, and MacOS.