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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 |