Asked by razan osman on Jun 29, 2024
Verified
Fees paid for lawn service for office grounds
A)Product cost - direct materials
B)Product cost - direct labor
C)Product cost - factory overhead
D)Period cost - selling expense
E)Period cost - administrative expense
Lawn Service
A business that provides maintenance services for lawns and gardens, including mowing, fertilizing, and weed control.
Office Grounds
The outdoor area or surroundings of an office building, which can include landscaping, parking lots, and other external features.
Administrative Expense
Costs related to the general administration of a company, including expenditures such as executive salaries, office supplies, and legal and financial services.
- Distinguish between period costs, categorizing them as selling or administrative expenses.
Verified Answer
LG
Learning Objectives
- Distinguish between period costs, categorizing them as selling or administrative expenses.