Multiple choice 12. Costs that are treated as assets until the product is sold are called:a. product costsb. period costsc. conversion costsd. selling expenses13. The period costs of a textbook printer would include:a. wages of a press operatorb. utility costs of factory508 at was thec. advertising expensesd. paper costs4 A company used P35,000 of raw materials, incurred P73,000 in direct labor

The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Answered: 12. Costs that are treated as assets…

12. Costs that are treated as assets until the product is sold are called: a. product costs b. period costs C. conversion costs d. selling expenses

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Multiple choice

12. Costs that are treated as assets until the product is sold are called:
a. product costs
b. period costs
c. conversion costs
d. selling expenses
13. The period costs of a textbook printer would include:
a. wages of a press operator
b. utility costs of factory
508

at was the
c. advertising expenses
d. paper costs
4 A company used P35,000 of raw materials, incurred P73,000 in direct labor

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