FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Indicate for each of the following costs whether it is a product cost or a period cost.
1. Cost of grapes purchased by a winery.
2.
3. Cost of plant manager’s salary in a computer production facility.
4. Wages of security personnel in a department store.
5. Cost of utilities in a manufacturing facility.
6. Wages of aircraft mechanics employed by an airline.
7. Wages of drill-press operators in a manufacturing plant.
8. Cost of food in a microwavable dinner.
9. Cost incurred by a department store chain to transport merchandise to its stores.
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- vd subject-Accountingarrow_forwardWhich of the following costs is best classified as a fixed cost with respect to volume of activity? (See your Chapter 20 notes, page 5) Direct labor Electricity used to heat, light, and cool a factory Cleaning supplies used in an automobile assembly plant Straight-line depreciation expense of a machine used in a factory Total cost of salaries paid to quality inspectors in a manufacturing plant Tires used in an automobile manufacturing plantarrow_forwardNeed A-D completedarrow_forward
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