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:

Customer Cost Analysis

The process of determining and analyzing the costs associated with serving individual customers or customer segments.

Capacity Analysis

The evaluation of a facility's production capabilities to understand the maximum amount of work it can handle or produce.

Tech Support Department

A functional organization within a company providing technical assistance and support related to computer systems, software, and hardware to customers or internal users.

Time-Driven Activity-Based Costing

A method of costing that assigns costs to products based on the time required to produce each product.