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 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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
[Sclect)
( Sekct
Product
Administrative building rent
( Sckct
[Sclect ]
(Scect |
Accountant salary
(Select
[ Select)
( Sckct
Factory building depreciation
(Select)
[ Sclect]
( Scect)
Strings for the pocket
(Sekct
[ Sclect)
( Scect)
Advertising
(Select
[Sclect)
( Scect)
Production supervisor salary
(Seect)
[ Sclect)
(Select
Paint for sticks
(Seect
[ Sclect]
( Sckct
Research and development costs
(Sclect)
[Select)
( Select)
Wages of person who strings the sticks
(Sckct |
[ Sclect)
( Select |
Cutting machine depreciation
(Select
[Sclect)
( Sekct
Human resources salaries
( Sckct
[ Select)
(Scect |
Factory maintenance
( Scect |
[Sclect]
(Sclect)
Production equipment rental
( Sekct |
[Sclect ]
( Sckct
Showroom rental
( Sclect|
[Sclect)
( Scect)
> >
> > > >
>>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff486ffb0-06e2-49a8-b83f-a9000215a6ef%2F331085df-b838-4a18-8c77-c7a063370058%2Fxxt3u8t_processed.png&w=3840&q=75)
Transcribed Image Text: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
[Sclect)
( Sekct
Product
Administrative building rent
( Sckct
[Sclect ]
(Scect |
Accountant salary
(Select
[ Select)
( Sckct
Factory building depreciation
(Select)
[ Sclect]
( Scect)
Strings for the pocket
(Sekct
[ Sclect)
( Scect)
Advertising
(Select
[Sclect)
( Scect)
Production supervisor salary
(Seect)
[ Sclect)
(Select
Paint for sticks
(Seect
[ Sclect]
( Sckct
Research and development costs
(Sclect)
[Select)
( Select)
Wages of person who strings the sticks
(Sckct |
[ Sclect)
( Select |
Cutting machine depreciation
(Select
[Sclect)
( Sekct
Human resources salaries
( Sckct
[ Select)
(Scect |
Factory maintenance
( Scect |
[Sclect]
(Sclect)
Production equipment rental
( Sekct |
[Sclect ]
( Sckct
Showroom rental
( Sclect|
[Sclect)
( Scect)
> >
> > > >
>>
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education