For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as either a product cost or a period cost:a. Cost of information technology support for the corporate headquartersb. Depreciation on sewing machinesc. Fabric used during productiond. Depreciation on office equipmente. Advertising expensesf. Repairs and maintenance costs for sewing machinesg. Salary of production quality control supervisorh. Utility costs for office buildingi. Sales commissionsj. Salaries of distribution center personnelk. Wages of sewing machine operatorsl. Factory janitorial suppliesm. Chief financial officer’s salaryn. Travel costs of media relations employeeso. Factory supervisors’ salariesp. Oil used to lubricate sewing machinesq. Property taxes on factory building and equipment
For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as either a product cost or a period cost:
a. Cost of information technology support for the corporate headquarters
b.
c. Fabric used during production
d. Depreciation on office equipment
e. Advertising expenses
f. Repairs and maintenance costs for sewing machines
g. Salary of production quality control supervisor
h. Utility costs for office building
i. Sales commissions
j. Salaries of distribution center personnel
k. Wages of sewing machine operators
l. Factory janitorial supplies
m. Chief financial officer’s salary
n. Travel costs of media relations employees
o. Factory supervisors’ salaries
p. Oil used to lubricate sewing machines
q. Property taxes on factory building and equipment
Trending now
This is a popular solution!
Step by step
Solved in 6 steps with 6 images
