Solution-Classify each of the costs listed as product or

Classify each of the costs listed as product or period cost

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Reference no: EM132614584

Consider the following items:

A. Tomatoes used in the manufacture of ketchup

B. Administrative salaries of executives employed by a regional airline

C. Wages of assembly-line workers at an automobile manufacturing plant

D. Marketing expenditures of the major league baseball club

E. Commissions paid to the salespeople working for a soft drink company

F. Straight-line depreciation on manufacturing equipment owned by a computer manufacturer

G. Shipping charges incurred by office supplies retailer on out-going orders

H. Speakers used in a consumer electronics company's home-theater systems

I. Insurance costs related to a cosmetics manufacturing plant

Required:

Question 1: Complete the table that follows and classify each of the costs listed as (1) a product or period cost and (2) a variable or fixed cost by placing an "X" in the appropriate column.

Reference no: EM132614584

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Classify each of the costs listed as product or period cost

Reference no: EM132614584

Reference no: EM132614584

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