Which of the following costs is not a product cost? Depreciation on the plant installed in the factory The electricity cost of the office of factory foreman The cost of shipping finished products to customers The cost of fuel used in the factory
Which of the following costs is not a product cost? Depreciation on the plant installed in the factory The electricity cost of the office of factory foreman The cost of shipping finished products to customers The cost of fuel used in the factory
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
A. Which of the following costs is not a product cost?
-
Depreciation on the plant installed in the factory - The electricity cost of the office of factory foreman
- The cost of shipping finished products to customers
- The cost of fuel used in the factory
B. Which of the following costs is not a period cost?
- Advertising cost
- Sales commission
- Interest
- Direct labor
C. Which of the following would not be classed as a service department?
- The maintenance department
- The canteen
- The finance department
- The assembly department
D.
- Oil processing units
- Transport Companies
- Sugar Industry
- Repair shops
E. Paper mills are must adopt?
- Unit costing
-
Process costing - Job costing
- Contract costing
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