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:

Lengthy Period

A significantly long duration of time.

Equity Mutual Fund

A type of mutual fund that invests principally in stocks, aiming to provide returns through dividends and capital gains.

Small Investor

An individual who invests limited amounts of money in the stock market or other investment vehicles.

Stock Holdings

The shares owned by an individual or corporation, including stocks in companies or corporations as part of an investment portfolio.