Which of the Following Is Not a Period Cost

Insurance on a company showroom d. Sales commissions administrative costs advertising and rent of office space are all period costs.

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Jumpst Corporation uses the cost formula Y 3600 030X for the maintenance cost in Department B where X is machine-hours.

. Monthly depreciation of the equipment in a fitness room used by factory workers b. Manufacturing overhead costs for a product manufactured and sold in the same accounting period. Additional cost B.

Cost of a seminar concerning tax law updates. Multiple Choice Depreciation of factory maintenance equipment. Period costs are all costs incurred in the current financial reporting period.

Yrs 3-4 Masters PhD. It does not take into account the cost of capital and timing of return. Which of the following is NOT a period cost.

If you produce one product you use 1 set of materials but if you produce 2 prodcuts you will use 2 sets of materials so the amount changes as your production incrfeases or decreases in an acocunting period. Wages of assembly line workers The accounting records of Hill Corporation revealed the following selected costs. Which of the following statements most accurately describes financial accountings view of period costs.

It does not take the initial investment into account. Period costs are all direct costs incurred in the current financial reporting period. D Depreciation of factory maintenance equipment.

1Which of the following is NOT a period cost. When compared to the accounting rate of return method it is more difficult to calculate and understand. Salary of a clerk who handles customer billing.

On the other hand costs of goods sold related to product costs are expensed on the income statement when the inventory is sold. All of the above are period costs. Indirect manufacturing and overhead cost and indirect material cost are not a category of classification of cost in manufacturing firm.

Which of the following is NOT a period cost. Commissions paid to salespeople. Cost of a seminar concerning tax law updates that was attended by the companys controller.

B Insurance on a company showroom where customers can view new products. Which of the following is not a period cost. Which of the following is NOT a period cost.

Pages 275 words Approximate price. A Salary of a clerk who handles customer billing. Period costs do NOT include a.

Period costs are all non-manufacturing expenses incurred in the. Straight-line depreciation on the factory building. The August budget is based on 20000 hours of planned machine time.

5Direct manufacturing labor cost. As shown in the income statement above salaries and benefits rent and overhead depreciation and amortization and interest are all period costs that are expensed in the period incurred. Salary of a billing clerk c.

14 days 7 days 5 days 3 days 48 hours 24 hours 8 hours 4 hours 2 Hours. Which of the following is a disadvantage of using the payback period. Costs from idle manufacturing capacity resulting from an unexpected plant shutdown.

Also indicate whether the cost is variable V or fixed F with respect to behavior. Period costs include any costs not related to the manufacture or acquisition of your product. The 10 direct materials would be a debit to cost of goods sold increasing and a credit to inventory decreasing.

Items that are not period costs are those costs included in prepaid expenses such as prepaid rent. Insurance on a company showroom where customers can view new products. All of the following costs should be charged against revenue in the period in which costs are incurred except for a.

Product costs are classified as inventory on the balance sheet when the costs are incurred o c. Which Of The Following Is Not A Period Cost. A Monthly depreciation of the equipment in a fitness room used by factory workers.

The cost of a manufacturing firm can be classified in the following. Costs which will not benefit any future period. B Salary of a billing clerk.

C Insurance on a company showroom where current and potential customers can view new products. The cost of alternative A is 1 5000 and the cost of alternative B is 10000. Identify the following costs as direct materials DM direct labor DL manufacturing overhead MOH or a period cost PC.

Which of the following costs is not a period cost. In engineering economics the difference of 5000 in costs of two alternatives would be termed as. A non period cost will be labor or materials because the amount will change as your production changes.

Also costs included in inventory such as direct labor direct materials and manufacturing overhead are not classified as period costs. C Cost of a seminar concerning tax law updates that was attended by the companys controller. All of the above.

D Cost of a seminar concerning tax law updates that was attended by the companys controller. Managers salary at a hotel run by a chain of hotels 4. And administrative expenses 185000.

Therefore the correct option is C. Maintenance cost expected to be incurred during August is.

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