Asked by Ismael Trujillo on May 26, 2024
Verified
Factory machinery repairs and maintenance
A) Product
B) Period
Machinery Repairs
Machinery Repairs refer to the act of restoring equipment or machinery to a condition where it can operate as intended, involving fixing and replacing parts as necessary.
Maintenance
The process of preserving equipment, systems, buildings, and other assets in working order or restoring them to proper condition.
- Ascertain the dissimilarity between product-related expenses and period expenses.
Verified Answer
MR
mehedi rakibJun 01, 2024
Final Answer :
A
Explanation :
The cost of factory machinery repairs and maintenance would typically be considered a product cost because it is an indirect cost that is associated with the production process, specifically with maintaining and repairing the machinery that is used to produce the product.
Learning Objectives
- Ascertain the dissimilarity between product-related expenses and period expenses.