Which of the following is NOT a period cost? Cost of a seminar concerning tax law updates that was attended by the company's controller. Depreciation of factory maintenance equipment Insurance on a company showroom where customers can view new products. Salary of a clerk who handles customer billing.
Which of the following is NOT a period cost? Cost of a seminar concerning tax law updates that was attended by the company's controller. Depreciation of factory maintenance equipment Insurance on a company showroom where customers can view new products. Salary of a clerk who handles customer billing.
Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter2: Introduction To Transaction Processing
Section: Chapter Questions
Problem 21MCQ
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![Question 5
Which of the following is NOT a period cost?
Cost of a seminar concerning tax law updates that was attended by the company's controller.
O Depreciation of factory maintenance equipment
Insurance on a company showroom where customers can view new products.
Salary of a clerk who handles customer billing.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F537cca7c-787a-475d-9aba-926e9a602de3%2F916d4f83-fb7c-4f3b-8927-3e5ed83537e6%2Fma3i17h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 5
Which of the following is NOT a period cost?
Cost of a seminar concerning tax law updates that was attended by the company's controller.
O Depreciation of factory maintenance equipment
Insurance on a company showroom where customers can view new products.
Salary of a clerk who handles customer billing.
Expert Solution
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Step 1
Cost is the amount of expenditure related to the item such as products, customers, activities, departments, and so on. Costs are bifurcated into two various categories including fixed costs, variable costs, mixed costs, period costs, product costs, and so on.
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