Ch. 19 Job Order Costing Part 3 Quiz
Ace your homework & exams now with Quizwiz!
Direct labor cost is an example of a period cost.
False
Period costs are costs that are incurred for the production requirements of a certain period.
False
Period costs are
not involved in the production process.
Which of the following would most likely be a period cost?
Salary of telephone receptionist in the sales office.
Non-manufacturing costs are generally classified into two categories: selling and administrative.
True
The current year's advertising costs are normally considered period costs.
True
Generally, period costs are classified as either
selling expenses or administrative expenses.
