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Which is not a period cost

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Reference no: EM132675140

Problem 1: Which of the following is NOT a period cost?

Option 1: Cost of a seminar concerning tax law updates that was attended by the company's controller.

Option 2: Salary of a clerk who handles customer billing.

Option 3: Insurance on a company showroom where customers can view new products.

Option 4: Depreciation of factory maintenance equipment.

Problem 2: In the standard cost formula Y = a + bX, what does the "X" represent?

Option 1: the level of activity

Option 2: total cost

Option 3: variable cost per unit

Option 4: total fixed cost

Problem 3: Which ?of? the ?following? does ?NOT ?describe ?management ?accounting?

Option 1: detailed? information

Option 2: externally?focused

Option 3: emphasis? on? the ?future

Option 4: evaluation ?of ?segments? or ?products? within ?the ?firm

Reference no: EM132675140

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