Select the Appropriate Classification of Each of the Costs Listed

question 77

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.
-Depreciation on vans used by the sales staff

• 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:

Cash Receipts

The collection of money, including coins, notes, negotiable instruments like checks, and electronic funds transferred into a business.

Not-for-Profit Organizations

Entities that operate for purposes other than generating profit, focusing on social, educational, charitable, or other activities serving the public interest.

Budgeted Expenditures

Projected spending for a period, often categorized by expenses and investments, as part of a budget.

Budgeted Contributions

Projected or planned donations to be made or received by an organization within a specific time frame.