Classifying Costs as Product or Period Costs For apparel manufacturer Abercrombie & Fitch, Inc., classify each of the following costs as either a product cost or a period cost: Item Classification a.  Cost of information technology support for the corporate headquarters   b.  Depreciation on sewing machines   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

Q: Factory overhead costs do not include which of the following: a. insurance b. heating c. taxes  d,…

A: Overhead is like an expense which does require and incurred to operate day to day business…

Q: Which of the following manufacturing costs is an indirect cost of producing a product? Oa. hourly…

A: Indirect cost is the cost which is not directly involved in the making of the goods but is part of…

Q: Which of the following is not a cost resulting from a unit-level activity? a) The cost of…

A: Unit-level activities:Occur each time a single unit of a product or service is produced or…

Q: Which of the following is/are true for the cost flow process? (check all that apply) Cost of goods…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: A) By behavior B) By function C) By traceability D) By durability 12. Job costing is most likely to…

A: The objective of these questions is to test the understanding of various concepts in cost…

Q: Use a / to categorize each of the following costs. You may have more than one / for each item.…

A: There are majorly three types of costs such as variable costs, fixed costs and semi-variable costs.…

Q: Cost classifications For each of the following costs, check the column(s) thatmost likely apply:Cost…

A: Fixed cost: A fixed cost is a cost incurred by a company that remains fixed irrespective of the…

Q: PART A Classify each cost below as being either variable (VC) or fixed (FC) with respect to the…

A: The costs that changes with the level of production are said to be variable costs and the costs that…

Q: Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,200 $…

A: The Cost of Goods Manufactured is the total manufacturing costs of goods that are finished during a…

Q: Prime vs conversion cost. For each of the following costs incurred in a manufacturing operation,…

A: Prime costs : It refers to the three important elements of costs: direct materials, direct labor and…

Q: Manufacturing overhead costs include O direct materials, sales commissions, and factory assembly…

A: Lets understand the basics.Manufacturing overhead is all indirect cost incurred for producing goods.…

Q: Under absorption costing, which of the following costs would be included in finished goods…

A: The objective of the question is to identify which costs are included in finished goods inventory…

Q: IDENTIFY THE FOLLOWING COST FOR THE PRODUCTION AND SALE OF A LAWN MOWER COMPANY WHETHER DIRECT…

A: Cost of production is the total cost incurred by the producer for the manufacturing of goods or for…

Q: 1.3 Separation between direct and indirect costs. Sort the costs by matching these in terms:…

A: 📌 Product CostsProduct costs, also known as inventoriable costs, are those costs that are directly…

Q: What costs are considered conversion costs? a. Steel in a car factory b. Depreciation on factory…

A: Conversion costs include the costs that are incurred to convert the raw material into usable goods.…

Q: Which of the following costs would be included on an income statement for both a merchandising…

A: Merchandising concern - This entity deals with buying and selling inventory from the supplier to the…

Q: Below is a table showing the various costs incurred by various companies. In each column, indicate…

A: Solution: Classification and explanation of each cost are as under:

Q: Cost classifications Aussie Corp. manufactures rugby jerseys for collegiate sports teams and sells…

A: a) Raw materials –The raw materials required for backpacks are Fabrics, zipper, shoulder traps etc.…

Q: Identify whether each of the following costs should be classified as product costs or period costs.…

A: Product Costs : Product Costs means the direct costs incurred for production of a product. Product…

Q: what of the  costs is an example of a cost that remains the same in total as the number of units…

A: The objective of the question is to identify which among the given costs is a fixed cost. A fixed…

Q: For each of the following costs, identify whether it is a Fixed, Variable or Both

A: Introduction to variable cost- Variable cost is one of the costs among fixed cost and semi-variable…

Q: Which one is a product cost Select one: a. Travel Expenses b. Power c. Rent Factory Building d.…

A: Solution: Rent factory building is a product cost as this is a manufacturing overhead that…

Q: Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be…

A: Direct Material Cost Direct material cost is the cost of the raw materials and components used to…

Q: A schedule of the cost of finished goods manufactured is a helpful tool in determining the per-unit…

A: Explain several ways in which information about per-unit manufacturing costs is used by (a)…

Q: Circle the following costs that would be included in the cost of a manufactured product according to…

A: The correct option with proper explanation are as follows

Q: Instruction: Classify each cost as Direct Materials, Direct Labor, Manufacturing Overhead,…

A: Direct Material  These are the expenses associated with obtaining the materials and other components…

Q: Classify each of the following costs as Product (direct/indirect) or Period and Variable, Fixed or…

A: 1. Product costs are the costs directly incurred from the manufacturing process. Product costs are…

Q: Classify each of the following costs as either unit-level, batch-level, product-level, or…

A: Activities that are completed every time a batch of goods or products is created, or a set of…

Q: A furniture shop has enumerated the following cost determine the classification of the following…

A: Manufacturing cost means the cost which is incurred in factory or related with production of goods.…

Q: Classify each of the following costs as Product (direct/indirect) or Period and Variable, Fixed or…

A: 1. Product costs are the costs directly incurred from the manufacturing process. Product costs are…

Q: a. Salary of quality control supervisor b. Packing supplies for products sold. These supplies are a…

A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you.  If you…

Q: Would a PROCESS COSTING SYSTEM be ideal for a clothing line business? With regard to process…

A: A costing technique in which production is carried out through multiple process with the end product…

Q: Classify the following costs as either production or non-production Depreciation of plant…

A: Production Cost: This cost is directly related to the production of goods. These costs are generally…

Q: Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following…

A: Lets first understand the meaning of material, labor and factory overhead cost. Direct material…

Q: From the choices presented in parentheses, choose the appropriate term for completing each of the…

A: Costs are classified into two categories Direct costs -  which can be traced to product easily…

Q: Classify the following costs as period or traceable costs. Depreciation on office building Insurance…

A: All indirect costs incurred during production are referred to as period costs. Examples of period…

Q: Trying to figure out how to calculate manufacturer compute cost of goods manufactured and cost of…

A: Schedule of cost of goods manufactured.

Q: llowing information is available for Sage Hill Company. materials inventory k in process inventory…

A: Saga Hill CompanyCost of goods manufactured schedule For the year ended Dec.31,2025Work in process…

Q: How would sales salaries be classified for a manufacturing company? Group of answer choices product…

A: Manufacturing company refers to the company which produces the finished goods from the RM (Raw…

Q: Which of the following costs may be classified as fixed costs? i Direct labour ii Depreciation…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Provide answers to the following just-in-time costing questions.     Just-in-Time Costing Question…

A: Just-in-Time refers to the method of inventory that is used for receiving goods from suppliers at…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.