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Women have periods for free.
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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.
Are cafeteria costs for the factory a period cost?
No. They are a product cost/factory overhead cost
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 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.
Are cafeteria costs for the factory a period cost?
No. They are a product cost/factory overhead cost
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.
What is difference between product cost period cost and expenses?
Product costs is the costs are the costs incurred in the making of the product. Manufacturing costs --Direct Materials, Direct Labor, and Manufacturing Overhead. Product cost are also factory costs Period costs are the selling and administration costs. Electricity costs for the Accounting dept. is an administration costs but Electricity costs for the factory is Manufacturing Overhead.
Are freight costs period or product costs?
Period
What costs are involved in owning a house?
the costs involved are cable, plumbing, lighting, and morgage bills
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 should you insulate your windows?
To save on heating costs
How to Save Money on Central Heating Costs?
Due to the rising costs of oil, most people are struggling to deal with their rising heating and cooling prices. While central heating prices are much higher than they have been in the past, there are plenty of ways to reduce your central heating costs. One of the best ways to reduce your central heating costs would be to get a new furnace. Old furnaces tend to have much lower efficiency than a new one does. Because of this, if you switch to a new furnace, your furnace will need to work much less to keep your home warm. This will then reduce your central heating costs.
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 period costs under variable costing?
Period Costs.
Are selling and administrative expenses treated as product costs or as period costs under variable costing?
Period Costs.
