Indicate for each of the following costs whether it is a product cost or a period cost.1. Wages of aircraft mechanics employed by an airline.2. Wages of drill-press operators in a manufacturing plant.3. Cost of food in a microwavable dinner.4. Cost incurred by a department store chain to transport merchandise to its stores.5. Cost of grapes purchased by a winery.6. Depreciation on pizza ovens in a pizza restaurant.7. Cost of plant manager in a computer production facility.8. Wages of security personnel in a department store.9. Cost of utilities in a manufacturing facility.

Q: Classifying Variable and Fixed Costs and Product and Period Costs Below are listed various costs…

A: Fixed and Variable Costs in Manufacturing:  Variable costs refer to the costs of manufacturing that…

Q: Classify each cost listed below as either product costs or period costs for the purpose of preparing…

A: We have the following question: Product Cost:  Product costs are the cost that are related to the…

Q: For each of the following, indicate whether the cost would typically be considered product or period…

A: Product costs are the costs that are directly involved in the production of a product. For a…

Q: What was Albay's cost of goods sold? Albay Company incurred the following costs and expense during…

A: The cost of goods sold is calculated as difference between total cost of goods available for sale…

Q: Classify each of the following activities for a bed-frame manufacturer as either unit-level,…

A: Unit-level: These are activities that are carried out on each unit made. This form of operation does…

Q: The following costs were incurred during the year by Hopefully Þepreciation of factory machines Oil…

A: The product cost may be defined as the cost incurred by the business entity mainly by the…

Q: Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on…

A: Product Cost :— It is the cost incurred on manufacturing of product during the period.   Period Cost…

Q: SM, Inc. makes ski-boards in Davao. Identify the correct matching of terms. *       A. Fiberglass is…

A: Solution: The correct matching term is "Payroll taxes for workers in the Packaging Dept. are direct…

Q: Muffer incorporated produces floor mats for cars and trucks. The owner, Kenneth Muffler, asked you…

A: calculation of fixed cost under high - low method are as follows, under this method first we…

Q: The following is a list of costs incurred by several businesses:a. Cost of fabric used by clothing…

A: Product cost and period costs:

Q: Francis manufacturers, a manufacturer of wood doors and windows, has prepared the following list of…

A: Raw materials: It is the basic input required to manufacture the finished products. The raw…

Q: The related data of Pirena Company:                                           Solvents and cleaners…

A: Formula: Manufacturing overhead = Solvents and cleaners used by the custodians to clean the textbook…

Q: Problem 1 Classify the following as to Fixed, Variable or Mixed Cost 1. Factory Rent 2. Wages of…

A: The fixed cost remains constant at every level of production.  The variable cost per unit remains…

Q: Which of the following costs is not a product cost?  Depreciation on the plant installed in the…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: The following is a list of costs incurred by several manufacturing companies: a. Bonus for vice…

A: Cost is the amount incurred by an entity as a consideration for of goods and services.

Q: Listed below are several costs incurred during the year. For each cost match the classification that…

A: Ans. Period costs are the costs that are not directly incurred on manufacturing or production but…

Q: Indicate for each of the following costs whether it is a product cost or a period cost.

A: Product costs are those costs which are incurred on some products as like variable cost.  Period…

Q: Various costs associated with the operation of factories are given below:1. Electricity to run…

A: Direct costs are variable costs which changes according to volume of production. Indirect costs are…

Q: Felinas Inc. produces floor mats for cars and trucks. The owner, Kenneth Felinas, asked you to…

A: Variable cost per machine hour = (Highest activity cost - Lowest activity cost) / (Highest activity…

Q: Classify each cost as being either variable or fixed with respect to the number of units produced…

A: Variable cost: Costs which vary with the level of output. Eg: material cost, labour cost etc Fixed…

Q: Consider the following costs that were incurred during the current year:1. Tire costs incurred by…

A:

Q: Classify Costs Following is a list of various costs incurred in producing replacement automobile…

A: Given, Following is a list of various costs incurred in producing replacement automobile parts.

Q: Classify each of the following costs as manufacturing or non manufacturing: 1. Factory rental 2.…

A: Cost refers to the amount that is paid to obtain something or use to manufacture an item. COst is…

Q: Which of the following is NOT a period cost? Cost of a seminar concerning tax law updates that was…

A: Cost is the amount of expenditure related to the item such as products, customers, activities,…

Q: Classify Costs Following is a list of various costs incurred in producing replacement automobile…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Evilene makes flying brooms. She has characterized the company's costs below. Indicate in the shaded…

A: Cost Classification: Inventory Manufacturing and Selling Cost can be classified into following…

Q: Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the…

A: Step 1 Since you have asked multiple questions, we will solve the first question for you. If you…

Q: All are examples of a conversion cost EXCEPT: a. All the examples given are conversion costs b. The…

A: Conversion cost: This is the cost incurred to convert the raw materials into finished goods. These…

Q: Thomas Traders WLL provide you with the following cost items. Analyse the cost description in Column…

A: Direct material means the material used direct in production of any product. Direct labor means the…

Q: E. Identify which of the following costs of a product manufacturer would be included in inventories:…

A: For a manufacturer, costs which are directly related with the production and manufacturing of the…

Q: Classify the following costs of this new product as direct materials, direct labor, manufacturing…

A: The product costs are directly or indirectly related to the manufacturing of a product. The period…

Q: The following account balances are from Woods Corporation accounting records for the year ended…

A: Raw materials: It is the basic input required to manufacture the finished products. The raw…

Q: The above costs include all of the costs of the restaurant except for organization-sustaining costs…

A: Answer and calculations are given below

Q: For apparel manufacturer Abercrombie & Fitch, Inc. (ANF), classify each of the following costs as…

A: Product costs would be those directly associated with the manufacturing of a for-sale service or…

Q: Use the table below and record the amount in the appropriate column category.   Cost Item Cost…

A: Solution:- Using the above information recording the costs in appropriate section:-

Q: Below are listed various costs that are found in organizations.1. Hamburger buns in a Wendy’s…

A: Fixed and Variable Costs in Manufacturing:  Variable costs refer to the costs of manufacturing that…

Q: Cost items Flour Depreciation on cooking vats Cooking oil Sugar Wages of a donut cook Repair of a…

A: Costs are the amounts that are incurred for the production of goods and services. They are of…

Q: Cost Item  Product or Period Cost? Direct or Indirect Cost? Fixed or Variable Cost? 1…

A: solution : concept: product and period cost             product cost are those cost which are…

Q: The following is a list of costs that were incurred in the production and sale of lawn mowers: a.…

A: Product costs : These are the costs that are incurred in the production of the goods. Examples :…

Q: How do i compute cost of goods manufactured for this one?  Please explain me step by step as i am…

A: Cost of goods manufactured includes the cost of raw materials and production.

Q: Shown below are a number of costs incurred last year at NUBD Co. a manufacturer of books: Solvents…

A: Manufacturing Overhead Cost: As the name suggests, manufacturing overhead is a total of all indirect…

Q: Listed below are costs found in various organizations.1. Property taxes, factory.2. Boxes used for…

A:

Q: All are examples of a conversion cost EXCEPT: a. All the examples given are conversion costs Ob. The…

A: Conversion cost means the addition of direct labor and factory expenses.

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.