1 Cost object: Bed 2 Timber acquisition costs 3 board acquisition cost 4 5 6 The cost of acquiring sandpaper Wages for bed workers Salary for production supervisor 7 Mattress acquisition costs 8 Bed shipping costs 9 Cost of acquiring nails 10 Salary for production manager 11 Factory electricity payments 12 Cost of wood glue 13 Production costs Non-production (direct materials, costs direct labor, overhead) Direct Materials (marketing, administration)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Identify the following costs whether they are included in production costs or non-production costs or period costs
Menu
Paste
1
X Cut
2 3 4 15 15 17 18 19 20 21
Copy - Format
Painter
F7
16
A
Calibri
2718
2 Timber acquisition costs
3 board acquisition cost
4 The cost of acquiring sandpaper
5 Wages for bed workers
6
7 Mattress acquisition costs
BU-AB
Cost object: Bed
Salary for production supervisor
8
Bed shipping costs
9
Cost of acquiring nails
10 Salary for production manager
11 Factory electricity payments
12 Cost of wood glue
Q fx
C
BERIAL
24
Home
4
Insert
A A
Page Layout
Production costs Non-production
(direct materials, costs
direct labor, (marketing,
overhead) administration)
Direct Materials
hu
Transcribed Image Text:Menu Paste 1 X Cut 2 3 4 15 15 17 18 19 20 21 Copy - Format Painter F7 16 A Calibri 2718 2 Timber acquisition costs 3 board acquisition cost 4 The cost of acquiring sandpaper 5 Wages for bed workers 6 7 Mattress acquisition costs BU-AB Cost object: Bed Salary for production supervisor 8 Bed shipping costs 9 Cost of acquiring nails 10 Salary for production manager 11 Factory electricity payments 12 Cost of wood glue Q fx C BERIAL 24 Home 4 Insert A A Page Layout Production costs Non-production (direct materials, costs direct labor, (marketing, overhead) administration) Direct Materials hu
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education