Select the Appropriate Classification of Each of the Costs Listed

question 96

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.
-Janitorial supplies for the factory

• 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:

Random sample

A sample drawn from a population in such a way that every member of the population has an equal chance of being selected.

Confidence interval

This statistical term refers to a calculated interval with an associated confidence level that expresses where the true parameter of the population is expected to lie.

Normally distributed

A term describing a distribution that follows a normal curve or bell curve, indicating symmetry around its mean.

Random sample

A selection made in such a manner that every subset of the population has an equal probability of being picked.