Indicate for each of the following costs whether it is a product cost or a period cost.1. Wages of aircraft mechanics employed by an airline.2. Wages of drill-press operators in a manufacturing plant.3. Cost of food in a microwavable dinner.4. Cost incurred by a department store chain to transport merchandise to its stores.5. Cost of grapes purchased by a winery.6. Depreciation on pizza ovens in a pizza restaurant.7. Cost of plant manager in a computer production facility.8. Wages of security personnel in a department store.9. Cost of utilities in a manufacturing facility.
Indicate for each of the following costs whether it is a product cost or a period cost.1. Wages of aircraft mechanics employed by an airline.2. Wages of drill-press operators in a manufacturing plant.3. Cost of food in a microwavable dinner.4. Cost incurred by a department store chain to transport merchandise to its stores.5. Cost of grapes purchased by a winery.6. Depreciation on pizza ovens in a pizza restaurant.7. Cost of plant manager in a computer production facility.8. Wages of security personnel in a department store.9. Cost of utilities in a manufacturing facility.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Indicate for each of the following costs whether it is a product cost or a period cost.
1. Wages of aircraft mechanics employed by an airline.
2. Wages of drill-press operators in a manufacturing plant.
3. Cost of food in a microwavable dinner.
4. Cost incurred by a department store chain to transport merchandise to its stores.
5. Cost of grapes purchased by a winery.
6.
7. Cost of plant manager in a computer production facility.
8. Wages of security personnel in a department store.
9. Cost of utilities in a manufacturing facility.
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