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Are freight costs period or product costs?
Period
Is fixed costs is a period costs?
Yes normally fixed costs are period costs because these costs have to be paid no matter production done or not.
Why would reclassifying period costs as product costs increase this period's reported earnings?
You will increase the period's earnings because as a product costs, they may not be reported in the same period. Changing period costs to product costs improves how a company looks on paper, but does nothing for their actual financial position.
Is sales commission expense a period cost?
Yes, period costs are non manufacturing costs
Are service department costs period costs?
yes
Are freight costs period or product costs?
Period
What has the author John M Studebaker written?
John M. Studebaker has written: 'Slashing utility costs handbook' -- subject(s): Rates, Costs, Electric utilities, Gas companies, Gas industry 'Utility negotiating strategies for end-users' -- subject(s): Customer services, Negotiation in business, Consumer education, Public utilities, Public relations, Gas industry, Electric utilities 'ESCO' 'Effectively Managing Natural Gas Costs' 'Maximizing energy savings and minimizing costs' -- subject(s): Rates, Costs, Electric utilities, Energy consumption, Gas companies, Gas industry
Is fixed costs is a period costs?
Yes normally fixed costs are period costs because these costs have to be paid no matter production done or not.
Why would reclassifying period costs as product costs increase this period's reported earnings?
You will increase the period's earnings because as a product costs, they may not be reported in the same period. Changing period costs to product costs improves how a company looks on paper, but does nothing for their actual financial position.
Are selling and administrative expenses treated as product costs or as period costs under variable costing?
Period Costs.
Are selling and administrative expenses treated as product costs or period costs under variable costing?
Period Costs.
What has the author William Iulo written?
William Iulo has written: 'Some economic implications of the importation of natural gas into the Pacific Northwest' -- subject(s): Natural gas, Power resources 'Electric utilities--costs and performance' -- subject(s): Costs, Electric utilities
Is sales commission expense a period cost?
Yes, period costs are non manufacturing costs
Are service department costs period costs?
yes
How do fixed costs and variable costs apply to the airline industry?
Fixed costs: Rent of buildings, lease payments, maintenance of property, insurance, utilities. Variable costs: Fuel, salary of crew, passenger refreshments, costs related to ground handling, etc.
What is the distinction between product costs and period costs?
product costs are the costs that are assiciated with the whole project you are working on..from start to finnish. period costs are those costs that you need for a certain time fraime within the project itself.
What is the profit margin in owning a bowling alley?
There isn't a definitive profit margin. Just like in the restaurant industry, there are variable costs, such as labor, utilities, food costs and such as well as fixed costs, such as land, equipment.
