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Accounting
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27 Nov 2019

What is the difference between Product Cost and Period Cost, and also Direct and Indirect Cost when talking about a bakery business

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Elin Hessel
Elin HesselLv2
27 Nov 2019
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Related questions

2-3 Explain the difference between a product cost and a period cost.

Which of the following statements is true regarding product and period costs?

a. Office salaries expense is product cost and factory maintenance is a period cost

b. Office rent is product cost and supervisors’ salaries expense is a period cost

c. Factory Rent is a product cost and advertising expense is a period cost

d. Delivery Expense is a product cost and indirect material is a period cost

Which of the following statements is true regarding product and period costs?

 

  1. Office salaries expense is product cost and factory maintenance is a period cost

  2. Office rent is product cost and supervisors’ salaries expense is a period cost

  3. Factory Rent is a product cost and advertising expense is a period cost

  4. Delivery Expense is a product cost and indirect material is a period cost

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