Select the Appropriate Classification of Each of the Costs Listed

question 72

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.
-Factory manager's salary

• 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:

Injurious Falsehood

A false statement damaging to an individual’s or entity's reputation or business, made without lawful excuse.

Trade Slander

Defamation with respect to another’s product or business; also known as injurious falsehood or product defamation

Product Defamation

Defamation with respect to another’s product, also known as injurious falsehood or trade slander, involving false statements made to discredit a business's products.

Punitive Damages

Financial compensation awarded to the plaintiff in a lawsuit, over and above the actual damages, intended to punish the defendant for egregious conduct.