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   [bg_collapse view=”button-orange” color=”#4a4949″ expand_text=”Show Answer” collapse_text=”Hide Answer” … Read more

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   [bg_collapse view=”button-orange” color=”#4a4949″ expand_text=”Show Answer” collapse_text=”Hide Answer” ] C) fixed selling and administrative costs [/bg_collapse]

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