Which of the following is NOT a period cost?(General Account) Which of the following is NOT a period cost?a. Depreciation of factory maintenance equipment.b. Salary of a clerk who handles customer billing.c. Insurance on a company showroom where customers can view newproducts.d. Cost of a seminar concerning tax law updates that were attended bythe company's controller.

To determine which of the following is NOT a period cost, we need to understand the distinction…

Answered: Which of the following is NOT a period…

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter14: The Human Resources (hr) Management And Payroll Processes

Section: Chapter Questions

Problem 5DQ

See similar textbooks

Similar questions

Which of the following would most likely be a period cost? Depreciation on factory lunchroom furniture. Salary of telephone receptionist in the sales office. Salary of a security guard for the factory parking lot. Computer chips used by a computer manufacturer.
Question 5 Which of the following is NOT a period cost? Cost of a seminar concerning tax law updates that was attended by the company's controller. O Depreciation of factory maintenance equipment Insurance on a company showroom where customers can view new products. Salary of a clerk who handles customer billing.
For each of the following, identify which expense recognition approach should be used to recognize thecost as expense.a. The cost of producing a productb. The cost of advertisingc. The cost of monthly rent on the office buildingd. The salary of an office employeee. Depreciation on an office building
Which of the following is a period cost? a. Property taxes on the production facilities. b. The production supervisor's salary. c. Costs to ship the product to the customer. d. Depreciation of the factory equipment.
which of the following expenses is properly reported on commissions and fees line of Schedule C amounts paid for services and not included on other lines of Schedlue c Comensation paid to independent contractors labor costs for fabricating raw materials into a finished product Preparation of tax forms related to the business
help accounting tutor.
ACCOUNTING
which of the following is a product cost for a manufacturing company : a- insurance on the corporate headquarters building b- property taxes on a factory c- depreciation on a salesperson vehicle d- the salary of a sales manager
Indicate whether each of the following costs is a product cost or a period (selling and administrative) cost: Event a. b. C. Advertising costs. d. e. f. g. Goods purchased for resale. Salaries of salespersons. h. i. Transportation-out. Interest on a note payable. Salary of the company president. Transportation-in. Insurance on the office building. Office supplies.
Which of the following is a product cost? A) Sales commissions B) CEO's salary C) Delivery van depreciation D) Depreciation on production equipment
Which of the following costs would be considered a period rather than a product cost in a manufacturing company? a. Direct materials cost. b. Property tax on the corporate headquarters. c. Electric cost to light the factory. d. Depreciation expense on manufacturing equipment.
Which of the following is NOT a period cost? Multiple Choice O Depreciation of photocopiers in the office. Salary of the accounts payable clerk Insurance on a company showroom where customers can view new products. Salary of the plant supervisor.

SEE MORE QUESTIONS

Recommended textbooks for you

Pkg Acc Infor Systems MS VISIO CD

Finance

ISBN:

9781133935940

Author:

Ulric J. Gelinas

Publisher:

CENGAGE L

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Pkg Acc Infor Systems MS VISIO CD

Finance

ISBN:

9781133935940

Author:

Ulric J. Gelinas

Publisher:

CENGAGE L

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS