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.

Q: Question 4 Various cast associated with the operation of factories are given below: Electricity to…

A: Fixed costs are those costs that will incur even if there is no output level. It remains the same…

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A: Manufacturing overhead means the amount of overhead incurred by the entity on the making of the…

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A: 1) Factory overheads include indirect labor and indirect material. Factory overheads are the cost…

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A: Product costs are those costs that are incurred for manufacture and production of the product. These…

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A: Introduction: All costs which are directly or indirectly related to products being manufactured are…

Q: Match each term

A: Selling and administrative expense- Selling expense-This include all costs associated with selling…

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A: DIRECT MATERIALDirect Material are those materials cost which are used to make the product. Such as…

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A: manufacturing overhead includes all indirect expenses incurred for the production of the desired…

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A: One popular technique in cost accounting to ascertain how variations in sales volume and expenses…

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A: Product costs and period costs:

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Q: In which production setting is operation costing most appropriate?

A: Option d is the correct answer.

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A: Direct labor costs refer to the payments made to those workers or employees who are directly…

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A: Introduction: Manufacturing over heads: Manufacturing overhead  means "sum of all the indirect costs…

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A: Direct Material  These are the expenses associated with obtaining the materials and other components…

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A: Product Costs Are The Costs That Directly Associated With The Production Process To Create a…

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A: The variable cost is the cost that changes with the level of activity. The maintenance cost…

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A: Product Cost :— It is the cost that are incurred in the manufacturing of product during the period.…

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A: PRODUCT COSTProduct Costs are those costs which is associated with the manufacturing of…

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A: Cost classification means  grouping costs according to their common features. Direct materials  are…

Q: Classify each cost as being either variable or fixed with respect to the number of units produced…

A: Variable costs are costs which changes with change in activity level. Fixed costs are those costs…

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A: Fixed Cost: The cost which does not tend to increase or decrease with the change in number of goods…

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A: TOTAL COSTTotal Cost is the cost which is incurred to manufacture a product.Total Cost Includes Cost…

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A: Product costs are costs which should be inventorised with the cost of the product. It includes…

Q: Use the table below and record the amount in the appropriate column category.   Cost Item Cost…

A: Solution:- Using the above information recording the costs in appropriate section:-

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A: Direct material is the cost of material that is used directly in the manufacturing of goods. Direct…

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A: Product costs are costs directly associated with the production of goods. They include direct…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.