Classify each cost of a furniture manufacturer as either product cost (PR) or period cost (PE)
Cost PR or PE
Vice president of marketing's salary
Delivery expense
Wood used to make tables
Depreciation on office equipment
Production supervisor's salary
Factory insurance
Corporate office rent
What will be an ideal response
Cost PR or PE
Vice president of marketing's salary PE
Delivery expense PE
Wood used to make dining tables PR
Depreciation on office equipment PE
Production supervisor's salary PR
Factory insurance PR
Corporate office rent PE
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A) Endorsement. B) Modifier. C) Rider. D) A or B only E) A or C only
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A) is a foreign exchange transaction that is consummated immediately B) is a foreign exchange transaction that occurs sometime in the future C) involves currencies that are not freely tradeable D) involves a transaction in which the same currency is bought and sold simultaneously