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It is period cost
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∙ 11y ago
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Is depreciation on factory equipment a period cost?
It's a Product cost. Think Selling (Store) and Administrative(Office) cost for period cost. The machines are in the factory.
Is factory supplies a product or a period cost?
Product cost
Are cafeteria costs for the factory a period cost?
No. They are a product cost/factory overhead cost
Is salaries of factory security guards a period cost or product cost?
Period cost
Is factory heating costs classified as a product cost or period cost?
Factory heating cost is overhead cost and part of product cost as if there is no production there is no factory heating requires.
Is depreciation on factory equipment a period cost?
It's a Product cost. Think Selling (Store) and Administrative(Office) cost for period cost. The machines are in the factory.
Is factory supplies a product or a period cost?
Product cost
Is factory supplies a product cost or period cost?
Product cost
Are cafeteria costs for the factory a period cost?
No. They are a product cost/factory overhead cost
Is salaries of factory security guards a period cost or product cost?
Period cost
Is factory heating costs classified as a product cost or period cost?
Factory heating cost is overhead cost and part of product cost as if there is no production there is no factory heating requires.
Is depreciation on office equipment classified as a period cost or product cost?
period cost
Is depreciation of factory buildings classified as a period cost or product cost?
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.
Is factory utilities a product or a period cost?
Product cost classified further as a manufacturing overhead
Is depreciation of administrative equipment product cost or period cost?
Depreciation of administrative equipment is period cost because if production is done or not those assets will be depreciated hence cost will be charged as period cost.
Is rent on equipment period or product cost?
If equipment is still kept whether production done or not then it is period cost as no matter production done or not it has to be paid.
Is salary of factory manager a period cost?
Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.
