Asked by
Damuelm Morales Barreto
on Nov 13, 2024
Verified
Factory utilities
A) Product
B) Period
Factory Utilities
The costs associated with utilities consumed in the manufacturing process, such as electricity, water, and gas necessary for factory operations.
Product Cost
The total expenses incurred to produce and deliver a product, including direct materials, direct labor, and overhead.
Period Cost
Costs not directly associated with production, charged as expenses during the period they arise.
- Determine and classify costs into product or period expenses.
- Comprehend how expenses influence both manufacturing and non-manufacturing settings.
Verified Answer
CC
Learning Objectives
- Determine and classify costs into product or period expenses.
- Comprehend how expenses influence both manufacturing and non-manufacturing settings.