Asked by Breana Gordon on Jul 20, 2024
Verified
Accountant salaries
A) Product
B) Period
Accountant Salaries
The earnings paid to accountants, reflecting their roles in preparing and examining financial records, ensuring accuracy, and assessing financial operations.
Product Cost
The total amount spent to produce a product, including direct labor, direct materials, and manufacturing overhead expenses.
Period Cost
Expenses that are not directly tied to the production process and are expensed in the period in which they are incurred.
- Identify and categorize costs as product or period costs.
Verified Answer
KG
Kurderrious GreenJul 24, 2024
Final Answer :
B
Explanation :
Accountant salaries are typically considered a period cost, as they are not directly related to the production of a specific product but are instead incurred to support the overall operation of the business.
Learning Objectives
- Identify and categorize costs as product or period costs.