Identify whether each of the items below is a Product Cost or Period Cost:
Factory insurance |
Interest on bank loan |
Eggs, salt, water used for baking |
Depreciation on bake ovens |
Paper wrappers for bread |
Delivery truck costs |
Advertising costs |
Factory supervisor salaries |
Sales Commissions |
Flour used in baking bread |
Darshita Changed status to publish July 25, 2020
Answer:
Factory insurance | Product |
Interest on bank loan | Period |
Eggs, salt, water used for baking | Product |
Depreciation on bake ovens | Product |
Paper wrappers for bread | Product |
Delivery truck costs | Period |
Advertising costs | Period |
Factory supervisor salaries | Product |
Sales Commissions | Period |
Flour used in baking bread | Product |
Darshita Changed status to publish July 25, 2020