1. Business
  2. Accounting
  3. 1 identify the following costs as product or period costs...

Question: 1 identify the following costs as product or period costs...

Question details

1. Identify the following costs as product or period costs by placing onX Product Period Oil for the factory machines Direct material Commissions on sales Rent of office space Direct labor Insurance on the administration building Repairs on factory machine Power for the factory Indirect material for factory Customer relations Distribution costs (shipping) 2. What is the difference between product and period costs? Why do we care? 3. Can you provide other name for the term product costs?
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