Which of the following would most likely be a period cost?   Options A) Depreciation on factory lunchroom furniture B) Computer chips used by a computer manufacturer C) Salary of telephone receptionist in the sales office D) Salary of a security guard for the factory parking lot      

Which of the following is considered a period cost in absorption costing? Options A) variable manufacturing overhead costs B) fixed manufacturing overhead costs C) fixed selling and administrative costs D) ​semi-variable manufacturing overhead costs  

The balance in the accumulated depreciation account represents the   Options   A) cash fund to be used to replace plant assets. B) amount to be deducted from the cost of the plant asset to arrive at its fair market value. C) amount charged to expense in the current period. D) amount charged to expense … Read more

The Accounting Equation may be expressed as Options   A) Assets = Liabilities – Owner’s Equity. B) Assets = Liabilities + Owner’s Equity. C) Liabilities = Owner’s Equity – Assets. D) all of the above.   The total cost of an asset less its accumulated depreciation is called: