7 Which of the Following Is Not a Period Cost

A Monthly depreciation of the equipment in a fitness room used by factory workers. Jumpst Corporation uses the cost formula Y 3600 030X for the maintenance cost in Department B where X is machine-hours.

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Monthly depreciation of the equipment in a fitness room used by factory workers.

. Which of the following is NOT a period cost. Insurance on a company showroom where current and potential customers can view new products D. Period costs do NOT include a.

Cost of merchandise purchased. Transportation cost on goods received from suppliers. 14 days 7 days 5 days 3 days 48 hours 24 hours 8 hours 4 hours 2 Hours.

Salary of a billing clerk c. Therefore period costs are listed as an expense in. Salary of a billing clerk.

Period costs include which of the following. Cost of a seminar concerning tax law updates that was attended by the companys controller. Cost of a seminar concerning tax law updates.

The salary of the company presidents secretary b. B Salary of a billing clerk. Financial Management Financial Accounting Multiple Choice Questions and Business Finance Mcqs.

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. Maintenance cost expected to be incurred during August is. How to Identify a Period Cost If the entire use to which a cost can be put is consumed in the current accounting period such as rent or utilities it is probably a period cost whereas if its use is linked to a.

Monthly depreciation of the equipment in a fitness room used by factory workers b. Salary of a billing clerk. D Cost of a seminar concerning tax law updates that was attended by the companys controller.

Cost of a seminar concerning tax law updates that was attended by the companys controller. Insurance on a company showroom where customers can view new products. Deprecation of a machine used in manufacturing d.

Any costs for the sales and marketing department on a product also under this category. The August budget is based on 20000 hours of planned machine time. Period costs are not assigned to one particular product or the cost of inventory like product costs.

Which of the following is NOT a period cost. Multiple Choice Depreciation of factory maintenance equipment. The cost of a general accounting office c.

Yrs 3-4 Masters PhD. The formula for calculating the variable overhead total variance is. Pages 275 words Approximate price.

It is not carried forward in inventory to a future period. Each of the following would be a period cost except. A Monthly depreciation of the equipment in a fitness room used by factory workers.

问 题 进入. Prepare yourself for Finance Accounts JobsBusiness Finance. A non period cost will be labor or materials because the amount will change as your production changes.

Insurance on a company showroom where current and potential customers can view new products. Which of the following is considered a period cost. Examples include selling general and administrative SGA expenses marketing expenses CEO salary and rent expense relating to a corporate office.

None of the above is considered a period cost. Salary of a clerk who handles customer billing. All of the above are period costs.

In managerial and cost accounting period costs refer to costs that are not tied to or related to the production of inventory. Cost of a seminar concerning tax law updates that was attended by the companys controller. Period costs solely account for sales general and administrative SGA costs for your organization.

Finance Mcqs for Preparation. In accumulating raw materials costs companies debit the cost of raw materials purchased in a. Administrative salaries expense for the current month.

统 计 共计 196 人答过平均正确率 4795. Which of the following is NOT a period cost. Insurance on a company showroom d.

C Insurance on a company showroom where current and potential customers can view new products. Which of the following is NOT a period cost. Finally costs included in fixed assets such as purchased assets and capitalized interest are not considered to be period costs.

A period cost is charged against the sales for the period. 1Which of the following is NOT a period cost. If your company operates in a corporate setting and has a separate manufacturing facility then the cost of the corporate office is a period cost.

A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation. The correct answer is. Which of the following is a period cost rather than a product cost of a manufacturer.

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