Determine whether each of the following costs would be classified as product cos

Question

Determine whether each of the following costs would be classified as product
costs or period costs under a variable costing system.

Commission fees for salespersons- period
Glue for wooden chairs—variable product
Fabric for T-shirts product
Labor costs for producing TVs product
Factory rent expense—fixed period
Factory utility costs—variable product
Car mileage costs for salespersons period
Administrative expenses—fixed period
Administrative Internet connection fees period
Wages—assembly line product

Explanation / Answer

Product Costs Commission fees for salespersons Glue for wooden chairs Fabric for T-shirts product Labor costs for producing TVs Factory utility costs—variable product Car mileage costs for salespersons Wages—assembly line product Period Cost Factory rent expense Administrative expenses Administrative Internet connection fees

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.