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product vs period
accounting 202 chapter 1 review
Question | Answer |
---|---|
sales commissions | period cost |
rental costs of admin offices | period cost |
advertising costs | period cost |
executive salaries | period cost |
public relations | period cost |
depreciation of office equipment | period cost |
depreciation of store furnishings | period cost |
fabric and materials | product cost |
sewing machine repairs and depreciation | product cost |
thread, glue, paint | product cost |
packaging materials | product cost |
medical insurance of sewers | product cost |
wages of factory workers | product cost |
also known as inventoriable costs | product costs |
all equal selling and administration expenses | period costs |