Ask Question
BusinessBusiness
3 September, 04:04

A product cost is Select one: O a. expensed in the period in which it is manufactured b. shown with current liabilities on the balance sheet c. shown with operating expenses on the income statement O d. expensed in the period the product is sold

+4
Answers (1)
  1. 3 September, 06:49
    0
    d. expense in the period the product is sold

    Explanation:

    The formula to compute the product cost is shown below:

    = Direct materials used + Direct labor + manufacturing overhead

    The product cost is the cost which is incurred to manufactured the cost. It is comprised of direct material used, direct labor cost, and the manufacturing overhead cost. It involves both types of cost i. e indirect and direct cost

    It is treated as an expense when the product is sold in a particular year.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A product cost is Select one: O a. expensed in the period in which it is manufactured b. shown with current liabilities on the balance ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Dillan contracts with Al's Tree Service for the purchase and installation of six maple trees along the edge of his property line. The trees cost $4,000 under the contract and installation labor is $2,000.
Answers (1)
Grady and Hedy do business as Island Tours. For federal income tax purposes, Island Tours would be treated as an aggregate of the individual partners. a. a natural person. b. an entity. c. a non-existent party.
Answers (1)
Garcia company issues 8.00%, 15-year bonds with a par value of $290,000 and semiannual interest payments. on the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 114 3/4.
Answers (1)
Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 10 years with no salvage value at the end of the 10 years.
Answers (1)
What activities can Future Educators Association members participate in? Check all that apply. sporting events political rallies conferences research competitions scholarship application
Answers (2)
New Questions in Business
At Afterbadge, a chain of stores that sells computer accessories, all the marketing activities are planned at the company headquarters. These plans are required to be carried out by the employees without any deviation.
Answers (1)
A teacher writes the results of a test on the board: 7 students received a's, 10 students received b's, 18 students received c's, 4 students received d's and 1 student received an f.
Answers (1)
Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $34,000.
Answers (2)
Suppose the following two events occur in the market for elementary school teachers: a. Overcrowded schools and education budget cuts have discouraged young college students from pursuing careers in teaching. b.
Answers (1)
A local university is facing some tough decisions, so they are using the decision tree, which contains individuals, websites, and organizations that specialize in handling sensitive and difficult decisions. A. True B. False
Answers (1)
Home » Business » A product cost is Select one: O a. expensed in the period in which it is manufactured b. shown with current liabilities on the balance sheet c. shown with operating expenses on the income statement O d. expensed in the period the product is sold
Sign Up Forgot Password?