i. Vice president of human resources' salary j. Property taxes on the Detriot, Michigan, headquarters building OBJ. 2 EX 18-4 Classifying costs as product or period costs For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as either a product cost or a period cost: PKGLCI262 a. Cost of information technology support i. Sales commissions for the corporate headquarters j. Salaries of distribution center personnel b. Depreciation on sewing machines c. Fabric used during production d. Depreciation on office equipment e. Advertising expenses k. Wages of sewing machine operators 1. Factory janitorial supplies m. Chief financial officer's salary n. Travel costs of media relations f. Repairs and maintenance costs for sewing machines g. Salary of production quality control supervisor employees o. Factory supervisors' salaries p. Oil used to lubricate sewing machines q. Property taxes on factory building and equipment h. Utility costs for office building
i. Vice president of human resources' salary j. Property taxes on the Detriot, Michigan, headquarters building OBJ. 2 EX 18-4 Classifying costs as product or period costs For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as either a product cost or a period cost: PKGLCI262 a. Cost of information technology support i. Sales commissions for the corporate headquarters j. Salaries of distribution center personnel b. Depreciation on sewing machines c. Fabric used during production d. Depreciation on office equipment e. Advertising expenses k. Wages of sewing machine operators 1. Factory janitorial supplies m. Chief financial officer's salary n. Travel costs of media relations f. Repairs and maintenance costs for sewing machines g. Salary of production quality control supervisor employees o. Factory supervisors' salaries p. Oil used to lubricate sewing machines q. Property taxes on factory building and equipment h. Utility costs for office building
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:i. Vice president of human resources' salary
j. Property taxes on the Detriot, Michigan, headquarters building
OBJ. 2
EX 18-4 Classifying costs as product or period costs
For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as
either a product cost or a period cost:
PKGLCI262
a. Cost of information technology support i. Sales commissions
for the corporate headquarters
j. Salaries of distribution center personnel
b. Depreciation on sewing machines
c. Fabric used during production
d. Depreciation on office equipment
e. Advertising expenses
k. Wages of sewing machine operators
1. Factory janitorial supplies
m. Chief financial officer's salary
n. Travel costs of media relations
f. Repairs and maintenance costs for
sewing machines
g. Salary of production quality control
supervisor
employees
o. Factory supervisors' salaries
p. Oil used to lubricate sewing machines
q. Property taxes on factory building and
equipment
h. Utility costs for office building
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