Asked by Trinity Honaker on May 11, 2024
Verified
Wages of checkout clerk in company-owned retail outlet
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
Checkout Clerk
An employee who is responsible for handling the final processing of transactions at the checkout counter of a retail store, including customer payment and bagging of items.
Selling Expense
Expenses directly related to the selling of products or services, such as advertising, sales commissions, and promotional materials.
Period Cost
Expenses that are not directly tied to the production process and are expensed in the period in which they are incurred, such as selling and administrative expenses.
- Understand the categorization of period costs as selling or administrative expenses.
Verified Answer
JF
Learning Objectives
- Understand the categorization of period costs as selling or administrative expenses.