Quiz 40: Product and Period Costs Quiz

Product and Period Costs Quiz

Test your knowledge of mdct.ru with our product and period costs quiz. This quiz tests if you know whether a cost is normally classified as a product cost or a period cost.

Product costs are costs which a business incurs in producing a product, they become part of the inventory cost in the balance sheet until the product is sold. Period costs are any costs which are not product costs. If you need a refresher course on this topic take a look at our product and period costs tutorial.

Start the Product and Period Costs Quiz

Click on an answer to reveal whether its Right! or Wrong

1. Is an assembly line supervisor salary a product or period cost?
Wrong
Right!
2. Is a factory janitor cost a product or period cost?
Right!
Wrong

3. Is a CEO salary a product or period cost?
Right!
Wrong
4. Is the cost of production department uniforms and protective equipment a product or period cost?
Wrong
Right!
5. Are website costs a product or period cost?
Wrong
Right!
6. Is the cost of raw materials used in production a product or period cost?
Right!
Wrong
7. Is the cost of market research a product or period cost?
Wrong
Right!
8. Is the cost of distribution and freight out to customers a product or period cost?
Right!
Wrong
9. Is the cost of shipping and freight a product or period cost?
Right!
Wrong
10. Is the cost of depreciation on production machinery and buildings a product or period cost?
Right!
Wrong

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Quiz 40: Product and Period Costs Quiz December 14th, 2016Team

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