Sales commission is a:a. Product and direct material cost.b. Product and direct labor cost.c. Product and manufacturing overhead cost.d. Period cost and Selling and Marketing expense.e. Period cost and General and Administrative expenses.

The correct answer is:d. Period cost and Selling and Marketing expense. Explanation:Sales…

Answered: Sales commission is a: a. Product and…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4MTC

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Similar questions

Accumulating costs means that a. costs must be summed and entered on the income statement. b. each cost must be linked to some cost object. c. costs must be measured and tracked. d. costs must be allocated to units of production. e. costs have expired and must be transferred from the balance sheet to the income statement.
Using the costs listed in the previous problem, classify the costs as either product costs or period costs.
In assigning costs to goods transferred out, how do the weighted average and FIFO methods differ?
Why are product costs assigned to the product and period costs immediately expensed?
Explain the difference between a period cost and a product cost.
Product (or manufacturing) costs consist of a. direct materials, direct labor, and selling costs. b. direct materials, direct labor, manufacturing overhead, and operating expense. c. administrative costs and conversion costs. d. prime costs and manufacturing overhead. e. selling and administrative costs.
Which of the following is a conversion cost? A. raw materials B. direct labor C. sales commissions D. direct material used
For which cost concept used in applying (he cost-plus, approach to product pricing are fixed manufacturing costs, fixed selling and administrative expenses, and desired profit allowed for in determining the markup? A. Total cost B. Product cost C. Variable cost D. Standard cost
Why are units shipped used to calculate the value-stream product cost?
Which of the following is not considered a product cost? A. direct materials B. direct labor C. indirect materials D. selling expense
From beginning to end, place these items in the order of the flow of goods. A. cost of goods sold B. raw materials inventory C. finished goods inventory D. work in process inventory
What is the primary difference between the two cost accounting systems regarding the accumulation of costs and the calculation of unit costs?

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Sales commission is a: a. Product and direct material cost. b. Product and direct labor cost. c. Product and manufacturing overhead cost. d. Period cost and Selling and Marketing expense. e. Period cost and General and Administrative expenses.