Select the Appropriate Classification of Each of the Costs Listed

question 81

Multiple Choice

Select the appropriate classification of each of the costs listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Cost of nails used by a furniture builder

• A)Product Cost, Direct Material
• B)Product Cost, Direct Labour
• C)Product Cost, Manufacturing Overhead
• D)Product Cost, Selling Expense
• E)Product Cost, Administrative Expense
• F)Period Cost, Direct Material
• G)Period Cost, Direct Labour
• H)Period Cost, Manufacturing Overhead
• I)Period Cost, Selling Expense
• J)Period Cost, Administrative Expense

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Definitions:

Alignment

The arrangement in which strategy, culture, and organizational structure are synchronized to achieve business objectives effectively.

People, Processes, and Technologies

The three primary components essential for successful organizational management and execution of strategies.

Collaborative Relationship

A partnership or arrangement in which two or more parties work together to achieve common goals or complete specific tasks.

Inventory System

A set of hardware and software tools used to track goods throughout an inventory's lifecycle, from procurement to sales.