Select the Appropriate Classification of Each of the Costs Listed

question 86

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.
-Fees paid to an accounting firm for annual audit

• 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:

Business Executives

Individuals who hold senior managerial positions within a company, responsible for strategic planning and decision-making.

Marginally Reliable

Describes information, data, or results that are barely or minimally dependable, with some level of uncertainty or risk of inaccuracy.

African American Students

Students in educational institutions who identify as African American, focusing on their cultural, educational, and social experiences.

Mildly Intellectually Disabled

A condition characterized by below-average intellectual functioning and limitations in adaptive behavior.