It is period cost
No. They are a product cost/factory overhead cost
Period cost
It's a Product cost. Think Selling (Store) and Administrative(Office) cost for period cost. The machines are in the factory.
Product cost
It is period cost
No. They are a product cost/factory overhead cost
Period cost
It's a Product cost. Think Selling (Store) and Administrative(Office) cost for period cost. The machines are in the factory.
Product cost
Product cost
Factory heating cost is overhead cost and part of product cost as if there is no production there is no factory heating requires.
Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.
Discuss the ways in which quarterly income can be affected by the behavior of the cost recorded in a repairs and maintenance of factory machinery account
Product cost classified further as a manufacturing overhead
If factory building is used in production of units of product then it will be added to product cost as it is part of product to manufacture.
NoAlternate answer:Expenditures that result in a higher capacity or longer economic lifetime of the equipment is considered an asset, and is allocated over the remaining economic lifetime. On the other hand, expenditures for repairs, maintenance, cleaning, etcetera that do not increase the capacity are expensed as incurred. Hence, yes, repairs on office equipment is a period cost.