Product Cost: Product cost includes cost incurred in the manufacturing of goods and services only. To make a final product, charged cost is known as product cost. Period Cost: Period cost represents cost which is indirectly related to the goods and services. For example selling and administrative costs form part of period cost To identify: Given costs as either product cost (PROD) or period cost (PER).

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Answer 1

Question

Chapter 14, Problem 4QS

To determine

Product Cost:

Product cost includes cost incurred in the manufacturing of goods and services only. To make a final product, charged cost is known as product cost.

Period Cost:

Period cost represents cost which is indirectly related to the goods and services. For example selling and administrative costs form part of period cost

To identify: Given costs as either product cost (PROD) or period cost (PER).

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Answer 2

Question

Chapter 14, Problem 4QS

To determine

Product Cost:

Product cost includes cost incurred in the manufacturing of goods and services only. To make a final product, charged cost is known as product cost.

Period Cost:

Period cost represents cost which is indirectly related to the goods and services. For example selling and administrative costs form part of period cost

To identify: Given costs as either product cost (PROD) or period cost (PER).

Expert Solution & Answer

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See solution

Answer 3

Question

Chapter 14, Problem 4QS

To determine

Product Cost:

Product cost includes cost incurred in the manufacturing of goods and services only. To make a final product, charged cost is known as product cost.

Period Cost:

Period cost represents cost which is indirectly related to the goods and services. For example selling and administrative costs form part of period cost

To identify: Given costs as either product cost (PROD) or period cost (PER).

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 14, Problem 4QS

To determine

Product Cost:

Product cost includes cost incurred in the manufacturing of goods and services only. To make a final product, charged cost is known as product cost.

Period Cost:

Period cost represents cost which is indirectly related to the goods and services. For example selling and administrative costs form part of period cost

To identify: Given costs as either product cost (PROD) or period cost (PER).

Expert Solution & Answer

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Answer 5

Chapter 14, Problem 4QS

To determine

Product Cost:

Product cost includes cost incurred in the manufacturing of goods and services only. To make a final product, charged cost is known as product cost.

Period Cost:

Period cost represents cost which is indirectly related to the goods and services. For example selling and administrative costs form part of period cost

To identify: Given costs as either product cost (PROD) or period cost (PER).

Answer 6

Chapter 14, Problem 4QS

To determine

Product Cost:

Product cost includes cost incurred in the manufacturing of goods and services only. To make a final product, charged cost is known as product cost.

Period Cost:

Period cost represents cost which is indirectly related to the goods and services. For example selling and administrative costs form part of period cost

To identify: Given costs as either product cost (PROD) or period cost (PER).

Answer 7

Chapter 14, Problem 4QS

To determine

Product Cost:

Product cost includes cost incurred in the manufacturing of goods and services only. To make a final product, charged cost is known as product cost.

Period Cost:

Period cost represents cost which is indirectly related to the goods and services. For example selling and administrative costs form part of period cost

To identify: Given costs as either product cost (PROD) or period cost (PER).

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 14 - Prob. 1QS Ch. 14 - QS 14-4 Direct and indirect costs C2 Diez Company...Ch. 14 - Classifying product costs C2 Identify each of the...Ch. 14 - QS 14-6 Product and period costs C3 Identify each...Ch. 14 - Prob. 6QS Ch. 14 - Exercise 14-1 Sources of accounting information C1...Ch. 14 - Prob. 5E Ch. 14 - Prob. 10E Ch. 14 - Prob. 13E Ch. 14 - Prob. 14E

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