Examlex
Indicate whether each of the following is a product cost or a period cost:
(a)Electricity for lighting a factory building.
(b)Costs of delivering finished bicycles to dealers.
(c)Cost of a store detective in a retail establishment.
(d)Cost of eggs in a bakery.
(e)Cost of chocolate to a candy manufacturer.
(f)Salary of injection molding machine operator in a plastics factory.
(g)Salary of a sewing machine operator in a clothing factory.
(h)Depreciation of a freezer in an ice cream plant.
Monthly
Monthly pertains to something occurring or being done every month or once a month.
Dollar Sales
The total revenue generated from the sale of goods or services, calculated in dollar terms.
Break-Even
A financial situation in a business where the income equals the costs, leading to neither profit nor loss.
Monthly
Pertaining to something that occurs, is calculated, or reported every month.
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