Indicate with a check mark whether each of the following would be a product cost or a period cost under an absorption or a variable system for BENGUET CORP. Absorption Product Variable Period Product Period Direct materials Direct labor a. b. Factory utilities Factory rent Indirect labor Factory supervisor salaries Factory maintenance (variable) C. d. е. f. g. h. Factory depreciation Sales salaries i. Sales commissions

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Actual Costing - Classification of Costs under Variable and Absorption Costing
1.
Indicate with a check mark whether each of the following would be a product cost or a period cost under
an absorption or a variable system for BENGUET CORP.
Absorption
Product
Variable
Period
Product
Period
Direct materials
Direct labor
Factory utilities
Factory rent
Indirect labor
Factory supervisor salaries
Factory maintenance (variable)
Factory depreciation
Sales salaries
Sales commissions
b.
d.
e
f.
g.
h.
i.
j
Transcribed Image Text:Actual Costing - Classification of Costs under Variable and Absorption Costing 1. Indicate with a check mark whether each of the following would be a product cost or a period cost under an absorption or a variable system for BENGUET CORP. Absorption Product Variable Period Product Period Direct materials Direct labor Factory utilities Factory rent Indirect labor Factory supervisor salaries Factory maintenance (variable) Factory depreciation Sales salaries Sales commissions b. d. e f. g. h. i. j
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