Blankenship Company, maker of wood shelving, incurred the following cost during thecurrent year. Is the following cost item a product cost or a period cost?Salary of Blankenship's chief executive officerPeriodProduct Blankenship Company, maker of wood shelving, incurred the following cost during thecurrent year. Is the following cost item a product cost or a period cost?Depreciation on automobiles used by the sales staff.O PeriodProduct

Salary of Blankenship's chief executive officer. Period cost Explanation - Chief executive…

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Blankenship Company, maker of wood shelving, incurred the following cost during the current year. Is the following cost item a product cost or a period cost?

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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Blankenship Company, maker of wood shelving, incurred the following cost during the
current year. Is the following cost item a product cost or a period cost?
Salary of Blankenship's chief executive officer
Period
Product

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