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Is salaries of factory security guards a period cost or product cost?
Period cost
Are salespersons commissions a product cost or period cost?
The commission for salespersons is under the period cost. The period cost covers the administrative and selling costs like salaries, commissions, shipping cost, and the cost for research and development.
Is direct labor cost a period cost?
Direct labor is a product cost as it is required to manufacture the units of product, Direct Labor may be a period cost in that period where there is no production but management still paying the labor all salaries and wages.
Is salaries payable a liability?
Salaries payable is liability payable in future time period.
Is the administrative salaries are the variable cost?
Administrative salaries has no relationship with production of product so it almost always remain same so it is a fixed cost not variable cost
Is salaries of factory security guards a period cost or product cost?
Period cost
Are salespersons commissions a product cost or period cost?
The commission for salespersons is under the period cost. The period cost covers the administrative and selling costs like salaries, commissions, shipping cost, and the cost for research and development.
Is direct labor cost a period cost?
Direct labor is a product cost as it is required to manufacture the units of product, Direct Labor may be a period cost in that period where there is no production but management still paying the labor all salaries and wages.
Is salaries payable a liability?
Salaries payable is liability payable in future time period.
Is the administrative salaries are the variable cost?
Administrative salaries has no relationship with production of product so it almost always remain same so it is a fixed cost not variable cost
Is clerical salaries a fixed cost or variable cost?
its a fixed cost
Is executive salaries fix or variable cost?
Fixed
Who pays teachers salaries?
Usually it is the school committee that bargins with the teacher's union to set the salaries for teachers during a contract period.
Which one of the following is a product cost indirect labor office salaries sales person's salaries or advertising costs?
Indirect labor
Are period cost a part of inventory cost?
No, A period cost is not the part of inventory cost. Period cost must be charged in the period in whcih it is incurred.
What is the difference between cost of sales and expenses?
In accounting, cost of sales is what you payed for the goods you sold during that fiscal period. Expenses are any costs that were incurred from the business performing it's purpose. Like rent, utilities, upkeep, salaries, etc. would all be expenses where the cost of goods sold you would get from subtracting the goods you sold from your stock at the beginning of the fiscal period.
Example of stepped -fixed cost?
warehousing costs and supervisors' salaries
