7 Which of the Following Is Not a Period Cost

Answer of Which of the following is NOT a period cost. Group of answer choices Sales commissions.

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Salary of a clerk who handles customer billing.

. Which of the following is a period costfc ararat-armenia vs sevan fc yerevan today. Posted on April 5 2022 by. Cost of a seminar concerning tax law updates that was attended by the companys controller.

Thus the correct answer is. If total manufacturing costs during May were 86000 the manufacturing overhead was. The salary of the company presidents secretary Dont use plagiarized sources.

These include the cost of material labor etc. Which of the following is NOT a period cost. Each of the following would be a period cost except.

A When the merchandise is sold B When the. In accumulating raw materials costs companies debit the cost of raw materials purchased in a. C Insurance on a company showroom where current and potential customers can view new products.

Period costs do NOT include a. Involved in the production of the commodity. Prime cost in broad sense is the combination of all the cost associated with the cost of production with exception to the fixed cost.

Wages of assembly-line workers. Which of the following are period costs. V1 Which of the following is considered a period cost.

B Salary of a billing clerk. C A Transportation cost on goods received from suppliers B Cost of merchandise purchased Advertising expense for the current month None of these answer choices are considered a period cost 2 When are product costs matched directly with sales revenue. D Cost of a seminar concerning tax law updates that was attended by the companys controller.

Salary of a billing clerk. Which of the following statements is true about period costsaOperating expenses are not period costsbPeriod costs are expensed when the products associated with these costs are soldcPeriod costs are usually recorded as assetsdMost period costs are expensed in the period the costs are incurred. A Monthly depreciation of the equipment in a fitness room used by factory workers.

In managerial and cost accounting period costs refer to costs that are not tied to or related to the production of inventory. Examples include selling general and administrative SGA expenses marketing expenses CEO salary and rent expense relating to a corporate office. The formula for calculating the variable overhead total variance is.

Cost of a seminar concerning tax law updates that was attended by the companys controller. Yrs 3-4 Masters PhD. Get Your Custom Essay on Each of the following would be a period cost except Just from 13Page Order Essay b.

Pages 275 words Approximate price. Insurance on a company showroom where current and potential customers can view new products D. How to Identify a Period Cost If the entire use to which a cost can be put is consumed in the current accounting period such as rent or utilities it is probably a period cost whereas if its use is linked to a product or is spread over multiple.

The salary of a companys chief. Which of the following is NOT a period cost. Definition of Period Cost.

Liberty leading the people characteristics what does dub stand for in medical terms which of the following is a period cost. Insurance on a company showroom where customers can view new products. The cost of a general accounting office.

The salary of a companys chief financial officer CFO. Which of the following is NOT a period cost. 14 days 7 days 5 days 3 days 48 hours 24 hours 8 hours 4 hours 2 Hours.

Multiple Choice 0 Cost of a seminar concerning tax law updates that was attended by the companys. During the month of May direct labor cost totaled 10000 and direct labor cost was 40 of prime cost. All of the above are period costs.

Solution for Which of the following is not a period cost. Which of the following is a period cost. Finally costs included in fixed assets such as purchased assets and capitalized interest are not considered to be period costs.

Which of the following is a period cost rather than a product cost of a manufacturer. Which of the following is not a period cost. Https soraapp com library uksecondary.

A Monthly depreciation of the equipment in a fitness room used by factory workers. Depreciation of a machine used in manufacturing c. Period cost refers to the fixed costs which are incurred presented in the financial statements of the relevant year irrespective of the actual production in the company which is not based on any variable factor of production but is the same essential for the continuation of the normal operations of the company.

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Period Costs For A Manufacturing Company Would Flow Directly To In 2022 Cost Of Goods Sold Income Statement Period

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