DOUDFOSOLuscooJ/page/a36f37013848118 486c0bb6e5f4ce2c82de083f322deeplink-true&pl

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DOUDFOSOLuscooJ/page/a36f37013848118 486c0bb6e5f4ce2c82de083f322deeplink-true&platforms id-xieido End Of Chapter: Building Blocks Of Managerial Accounting S2-9 Classify costs incurred by a dairy processing company (Learning Objective 4) Each of the following costs pertains to Bailey Dairy Products Company, a dairy processing company. Classify each of the company's costs as a period cost or a product cost. Further classify product costs as direct material (DM), direct labor (DL), or manufacturing overhead (MOH). Period Cost DM, DL, or Product Cost? Cost or MOH? 1. Television advertisements for Bailey's products 2. Lubricants used in running bottling machines 3. Research and development related to elimination of antibiotic residues in milk

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Solution

Cost Period or product cost DM, DL or MOH 1. Period cost MOH 2. Product cost MOH 3. Period cost MOH 4. Product cost MOH 5. Period cost MoH 6. Period cost MoH 7. Product cost DM 8. Period cost MoH 9. Product cost DM 10. Product cost MOH 11. Product cost DL

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