which of the following costs is not considered to be a period cost? course hero

by Dr. Lionel Upton II Published 2 years ago Updated 1 year ago 9 min read

What are the product costs incurred during the period?

Feb 09, 2021 · 2)Conversion cost. 3)Prime cost. 4)manufacturing overhead cost. 5)Direct manufacturing labor cost. Indirect manufacturing and overhead cost and indirect material cost are not a category of classification of cost in manufacturing firm. Therefore, the …

Which is an example of a period cost?

Advertising cost B. Sales commission. C. Interest D. Direct labor 11. The cost of alternative ‘A’ is$15,000 and the cost of alternative ‘B’ is$10,000. In engineering economics, the difference of $5,000 in costs of two alternatives would betermed as: A. additional cost B. extra cost C. essential cost D. differential cost.

What is the difference between a cost and an expense?

Apr 08, 2017 · Which of the following costs is not considered to be a period cost? Depreciation of delivery vechicle Warehousing costs Freight paid on a purchase of raw materials salaries paid to company to company executives

Which costs are associated with production?

Which of the following costs is not considered to be a period cost? A. Warehousing costs B. Depreciation of delivery vehicles C. Salaries paid to company executives D. Freight paid on a purchase of raw materials

Which of the following is not considered as period costs?

Items that are not period costs are those costs included in prepaid expenses, such as prepaid rent. Also, costs included in inventory, such as direct labor, direct materials, and manufacturing overhead, are not classified as period costs.May 1, 2022

Which of the following cost is a period cost?

Period costs are all costs not included in product costs. Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs.

Which of the following is not considered as products cost under variable costing?

Fixed overhead

Fixed overhead is not considered a product cost under variable costing.

Which of the following cost is a period cost for manufacturing company?

Selling expenses such as sales salaries, sales commissions, and delivery expense, and general and administrative expenses such as office salaries, and depreciation on office equipment, are all considered period costs. In a manufacturing company, these costs are often referred to as nonmanufacturing costs.

Which of the following costs is not a period cost an advertising costs B sales commission C interest D direct Labour?

The correct answer is C) Cost of Goods Sold.

Which of the following is a period cost quizlet?

All selling and administrative costs are considered to be period costs. include all costs involved in acquiring or making a product. In the case of manufactured goods, (these costs- direct materials, direct labor, and manufacturing overhead).

Which of the following costs is not included while computing unit product cost under variable costing?

Answer: Notice that the fixed manufacturing overhead cost has not been included while computing the cost of one bike under variable costing system. Note for students: Selling and administrative expenses (both variable and fixed) are not relevant for the computation of unit product cost.Aug 14, 2021

Which of the following is not charged to product under absorption costing?

Fixed manufacturing costs are not charged to the product under variable costing. Fixed manufacturing overhead is a period cost under absorption costing.

Which of the following is not an advantage of variable costing?

Which of the following is not an advantage of variable costing? It makes it difficult to evaluate the impact of fixed costs on a company's results. when using absorption costing, in order to increase net income.

What are non manufacturing costs?

Nonmanufacturing overhead costs include selling, general and administrative costs, as well as financing costs. Nonmanufacturing overhead costs support critical parts of a business, such as its sales and marketing activities, and so should not be considered discretionary costs.Apr 1, 2022

Which of the following cost is not a product cost?

The cost of shipping finished products to consumers is not a product cost. A product cost or production cost is a cost that is incurred during the production of a product in a factory. It includes direct costs such as raw materials, indirect costs and labour costs.Apr 29, 2020

Which of the following is a manufacturing cost?

Manufacturing costs fall into three broad categories of expenses: materials, labor, and overhead. All are direct costs. That is, the salary of the company accountant or the accountant's office supplies are not included, but the salary and supplies of the foreman are.

What is period cost?

Period costs (noninventoriable costs) all costs in the income statement other than cost of goods sold, (administrative, marketing) treated as expenses of the accounting period in which they are incurred, for manufacturing companies, all non-manufacturing costs are period costs.

What is indirect cost?

Indirect Costs. costs that cannot be traced easily and accurately to a cost object, often referred to as overhead, most commonly used. The assignment of indirect costs to cost objects is referred to as: a. Allocation.