Asked by Courtney Venters on May 04, 2024
Verified
President's salary
A)Direct labor
B)Direct materials
C)Factory overhead
D)Not a product cost
President's Salary
The compensation awarded to the president of a company, reflecting the level of responsibility and the size and profitability of the company.
Product Cost
The total cost attributed to the production of goods or services, including direct materials, direct labor, and manufacturing overhead.
- Classify costs properly between product costs and period costs.
- Identify non-product costs and understand their financial implications.
Verified Answer
NP
Learning Objectives
- Classify costs properly between product costs and period costs.
- Identify non-product costs and understand their financial implications.