Which of the given costs are production costs

Assignment Help Accounting Basics

Reference no: EM131201739

Practice questions:

Indicate which of the following costs that are incurred in a manufacturing company are production costs, selling and distribution costs or administration costs:

• Motor vehicles' licences

• Depreciation of factory machinery

• Commission paid to sales team

• Salary of finance director's secretary

• Salary of factory security guard

• Fees to advertising agency

• Buildings' insurance

• Lubricants for factory machinery

• Depreciation of fork lift truck

• Accounting software

• Bonuses for factory staff

• Training course for clerical staff

Reference no: EM131201739

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