Identify the production cost and periodic cost.

Question

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Answer 1

Question

Chapter 8, Problem 1P

To determine

Identify the production cost and periodic cost.

Expert Solution & Answer

Explanation of Solution

Production cost are those cost that incurred during the manufacturing or purchasing of the goods. Thus, the costs storage and material handling cost for raw material, Lubricant for the machinery, depreciation cost for the equipment, inspection cost, direct labor cost, rqa material cost and advertising expense are included in the production cost.

Periodic cost are those cost that are not involved in the process of manufacturing or purchasing of the goods. Thus, gains or loss from the disposable of asset, depreciation of the company value and leasehold cost are tge periodic costs.

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Answer 2

Question

Chapter 8, Problem 1P

To determine

Identify the production cost and periodic cost.

Expert Solution & Answer

Explanation of Solution

Production cost are those cost that incurred during the manufacturing or purchasing of the goods. Thus, the costs storage and material handling cost for raw material, Lubricant for the machinery, depreciation cost for the equipment, inspection cost, direct labor cost, rqa material cost and advertising expense are included in the production cost.

Periodic cost are those cost that are not involved in the process of manufacturing or purchasing of the goods. Thus, gains or loss from the disposable of asset, depreciation of the company value and leasehold cost are tge periodic costs.

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Answer 3

Question

Chapter 8, Problem 1P

To determine

Identify the production cost and periodic cost.

Expert Solution & Answer

Explanation of Solution

Production cost are those cost that incurred during the manufacturing or purchasing of the goods. Thus, the costs storage and material handling cost for raw material, Lubricant for the machinery, depreciation cost for the equipment, inspection cost, direct labor cost, rqa material cost and advertising expense are included in the production cost.

Periodic cost are those cost that are not involved in the process of manufacturing or purchasing of the goods. Thus, gains or loss from the disposable of asset, depreciation of the company value and leasehold cost are tge periodic costs.

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Answer 4

Question

Chapter 8, Problem 1P

To determine

Identify the production cost and periodic cost.

Expert Solution & Answer

Explanation of Solution

Production cost are those cost that incurred during the manufacturing or purchasing of the goods. Thus, the costs storage and material handling cost for raw material, Lubricant for the machinery, depreciation cost for the equipment, inspection cost, direct labor cost, rqa material cost and advertising expense are included in the production cost.

Periodic cost are those cost that are not involved in the process of manufacturing or purchasing of the goods. Thus, gains or loss from the disposable of asset, depreciation of the company value and leasehold cost are tge periodic costs.

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Answer 5

Chapter 8, Problem 1P

To determine

Identify the production cost and periodic cost.

Expert Solution & Answer

Explanation of Solution

Production cost are those cost that incurred during the manufacturing or purchasing of the goods. Thus, the costs storage and material handling cost for raw material, Lubricant for the machinery, depreciation cost for the equipment, inspection cost, direct labor cost, rqa material cost and advertising expense are included in the production cost.

Periodic cost are those cost that are not involved in the process of manufacturing or purchasing of the goods. Thus, gains or loss from the disposable of asset, depreciation of the company value and leasehold cost are tge periodic costs.

Answer 6

Chapter 8, Problem 1P

To determine

Identify the production cost and periodic cost.

Expert Solution & Answer

Explanation of Solution

Production cost are those cost that incurred during the manufacturing or purchasing of the goods. Thus, the costs storage and material handling cost for raw material, Lubricant for the machinery, depreciation cost for the equipment, inspection cost, direct labor cost, rqa material cost and advertising expense are included in the production cost.

Periodic cost are those cost that are not involved in the process of manufacturing or purchasing of the goods. Thus, gains or loss from the disposable of asset, depreciation of the company value and leasehold cost are tge periodic costs.

Answer 7

Chapter 8, Problem 1P

To determine

Identify the production cost and periodic cost.

Answer 8

Expert Solution & Answer

Explanation of Solution

Production cost are those cost that incurred during the manufacturing or purchasing of the goods. Thus, the costs storage and material handling cost for raw material, Lubricant for the machinery, depreciation cost for the equipment, inspection cost, direct labor cost, rqa material cost and advertising expense are included in the production cost.

Periodic cost are those cost that are not involved in the process of manufacturing or purchasing of the goods. Thus, gains or loss from the disposable of asset, depreciation of the company value and leasehold cost are tge periodic costs.