The table below shows a list of costs for a company that produces custom, professional lacrosse sticks.1. For each item listed, state whether the cost should be classified as product cost or period cost.2. If the cost is a manufacturing cost, state whether it is DM, DL, or MO. otherwise select none.3. If the cost is a manufacturing overhead cost, state whether it is IDM, IDL, or another type of manufacturing overhead, otherwise select none.List of CostsProduct or Period Cost?DM, DL. or MOIDM, IDL, or Other?Carbon, fiberglass[Sclect)( SekctProductAdministrative building rent( Sckct[Sclect ](Scect |Accountant salary(Select[ Select)( SckctFactory building depreciation(Select)[ Sclect]( Scect)Strings for the pocket(Sekct[ Sclect)( Scect)Advertising(Select[Sclect)( Scect)Production supervisor salary(Seect)[ Sclect)(SelectPaint for sticks(Seect[ Sclect]( SckctResearch and development costs(Sclect)[Select)( Select)Wages of person who strings the sticks(Sckct |[ Sclect)( Select |Cutting machine depreciation(Select[Sclect)( SekctHuman resources salaries( Sckct[ Select)(Scect |Factory maintenance( Scect |[Sclect](Sclect)Production equipment rental( Sekct |[Sclect ]( SckctShowroom rental( Sclect|[Sclect)( Scect)> >> > > >>>

Product costs are those directly related to the production of a product or service intended for…

The table below shows a list of costs for a company that produces custom, professional lacrosse sticks. 1. For each item listed, state whether the cost should be classified as product cost or period cost. 2. If the cost is a manufacturing cost, state whether it is DM, DL, or MO. otherwise select none. 3. If the cost is a manufacturing overhead cost, state whether it is IDM, IDL, or another type of manufacturing overhead, otherwise select none. List of Costs Product or Period Cost? DM, DL. or MO IDM, IDL, or Other? Carbon, fiberglass [ Sciect] (Scect | Product Administrative building rent (Sckct [Sclect) ( Sclect) Accountant salary ( Sclect) [Sclect) ( Sclect) Factory building depreciation ( Sclect) [Sclect] ( Sclect) Strings for the pocket ( Sckct [Sclect] (Select >

The table below shows a list of costs for a company that produces custom, professional lacrosse sticks. 1. For each item listed, state whether the cost should be classified as product cost or period cost. 2. If the cost is a manufacturing cost, state whether it is DM, DL, or MO. otherwise select none. 3. If the cost is a manufacturing overhead cost, state whether it is IDM, IDL, or another type of manufacturing overhead, otherwise select none. List of Costs Product or Period Cost? DM, DL. or MO IDM, IDL, or Other? Carbon, fiberglass [ Sciect] (Scect | Product Administrative building rent (Sckct [Sclect) ( Sclect) Accountant salary ( Sclect) [Sclect) ( Sclect) Factory building depreciation ( Sclect) [Sclect] ( Sclect) Strings for the pocket ( Sckct [Sclect] (Select >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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